CFMG add to Middleton Park development with $10 million Logan Reserve acquisition
Property group CFMG Capital has acquired a $10 million site at Logan Reserve to double the size of their Middleton Park Development.
The acquisition of the 10.35 hectare site at School Road, Logan Reserve will increase the size of the company’s existing Middleton Park development from 150 lots to 336 lots.
Together with two projects (Solander and Birchwood) at Park Ridge, CFMG Capital now has more than 600 lots in its pipeline in the Logan growth area.
The Middleton park project currently offers land from $179,000 and house and land packages from $369,500.
CFMG Capital has seven projects in the Brisbane to Gold Coast corridor (Oakland Pocket, Creeks Edge, Lomandra Park, Elevate, Solander, Birchwood and Middleton Park) with a strong focus on the Logan growth area.
CFMG Capital General Manager Andrew Thomson said: “As the market improves, we expect demand for these in-fill projects to increase.”
CFMG Capital now has a pipeline of more than 1,000 lots across 10 different projects in Queensland and Victoria.
Earlier this year the company announced the purchase of three parcels of land across Queensland and Victoria that will collectively yield almost 200 lots.
The Queensland sites are located at Rochedale and Park Ridge, both of which lie in the Brisbane to Gold Coast growth corridor, and in the Melbourne suburb of Wollert, 26 kilometres north of the CBD.
The 4.94 hectare Park Ridge site, which is bordered by Koplick and East Beaumont roads west of the Logan CBD and has already received Development Approval (DA), will feature 89 lots with an average size of 373 square metres.
