Maddocks advises on strategic residential property acquisition
Maddocks has advised National Pacific Properties on the $48.5 million acquisition of land in Melbourne’s south-east.
National Pacific Properties, the development arm of home building company Burbank Group, will build about 500 homes on the 28 hectares of land in Packenham East.
Bettina said the deal was the latest in what is a buoyant Melbourne residential property market.
‘There is still great demand for housing in and around Melbourne and the outlook for interest rates to stay low for the next two to three years will continue to fuel that,’ she said.
‘We are really pleased to have assisted National Pacific Properties on this strategic acquisition in one of Melbourne’s growth corridors.’
Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the built environment, education, government, healthcare and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.
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