This article is from the Australian Property Journal archive
Avid Property Group is expanding its reach in the land lease sector, with two new communities outside Brisbane getting the green light.
The group has received approvals for the projects, Vantage Lilywood in Moreton Bay and Vantage Logan Reserve in Logan.
Outside the Brisbane area, Avid has eight other Vantage communities either built or under construction.
Avid CEO Cameron Holt said the new additions set a strong foundation for the developer’s expansion in the land lease market.
“Establishing a land lease communities business has been a long-term and critical component of AVID’s growth strategy, and the recent development approvals and acquisitions mark a significant milestone for our business,” Holt said.
“It’s a positive step forward for the business to see that strategy and vision come to fruition with both greenfield sites and established communities now starting to deliver on our value proposition to ‘bring more to life’ for our residents.”
Avid also has two greenfield communities in Pakenham, Victoria and Palmview, Queensland awaiting approval.
The builder developer entered the land lease market last year with the launch of Vantage Bloomdale and Vantage Hervey Bay, which are both under construction.
