This article is from the Australian Property Journal archive
REAL estate investment manager Qualitas has struck a deal with Monarch Investments Group to help fund the acquisition and development of a prime residential housing site in Sydney’s south-west.
The parcel of land in Bardia, situated close to the M5 and M7, already has key infrastructure around the infill site, including power, water, sewerage and NBN connection, and is walking distance to the new Edmondson Park railway station.
The $135 million 210 house-and-land lot development known as The Meadows already has registered interest from several hundred buyers.
Monarch’s adjoining Ingleburn Gardens estate has received more than 3,000 enquiries.
“Qualitas provides financing for developments with strong fundamentals, managed by trusted developers, and Monarch Investments Group has a track record of successfully developing estates in this area,” real estate finance managing director Tim Johansen said.
“The south-west corridor of Sydney is in high demand, and the successful sales of earlier developments make us confident that Monarch will achieve strong sales for the project and deliver a solid return on investment for Qualitas’ investors,” he added.
“Our company has developed over 6,000 blocks in the last 60 years, so I can say with confidence that this is an ideal development project,” Monarch Investments Group CEO Peter Icklow said.
“We have been working closely with Qualitas to ensure we have the funding we need to build the first stage of Ingleburn Gardens, after which we expect to receive strong pre-sales. We have thousands of buyers waiting to purchase a home in this fast-growing area,” Icklow concluded.
Australian Property Journal
