Monark Property Partners, backed by the Liberman family, and Resolution Property Group, have snapped up neighbouring blocks north of Melbourne with plans for a 275-lot housing estate.
The 15.26-hectare parcels, 800-820 Somerton Road, Greenvale, are costing $44 million.
The Vendor outlaid $41,97m ex-GST in mid-2023, settling two months ago – a deal brokered by Melbourne Acquisitions’ Dom Gibson
The Greenvale land, falling under the Somerton Road Precinct Structure Plan, is expected to accommodate product worth c$135m.