This article is from the Australian Property Journal archive
DIPLOMA Group has bought an apartment development site at 708 Foundry Road in Midland, Western Australia.
The company has proposed to develop a medium density $20 million residential project which will include approximately 43 apartments over 3 levels. The project already has Development Approval in place.
CEO Nick Di Latte said the acquisition provides opportunity to capitalise on Midland’s growth as a strategic regional centre.
The apartments will be released to the market off-the-plan in June 2010 with construction set to commence shortly in the months following release. The project will be completed in FY2012.
Australian Property Journal
