Developer buys another Victorian farm
Jinding has swooped on another farm beyond Melbourne’s northern outskirts with plans for a major housing estate.
Warden Park, covering 136.9 hectares at Broadford, is speculated to be costing about $20 million.
Vendor, Keith Caplehorn, bought the property from the Crown nearly 80 years ago.
With continued local population growth, the Mitchell Shire Council recently earmarked it for a General Residential rezoning, part of the Broadford Precinct Structure Plan.
Some 900 lots accommodating over 2000 people are expected.
Broadford, with a greater population of about 5200 according to the 2021 Census, is about 90 kilometres north of Melbourne’s CBD.
It is about 14km north Kilmore, where Jinding has been developing another estate, Broadstead, on a 60ha ex-farm acquired for $32.5m in 2021.
Kilmore and Kilmore East, with about 10,000 residents, is set to house over 22,000 by 2041.
The group also holds sites in the northern Melbourne suburbs of Greenvale and Wollert (story continues below).
Jinding invests again in towns
Warden Park was listed last May.
Jinding is believed to have bought it shortly after with a long settlement.
“Characterised by spectacular surrounding countryside and a compact settlement shape, which includes a centrally located railway station, multiple primary and secondary education and an attractive High Street, the town has scope to grow its population and improve its role and function within the Hume region,” CBRE agents, Shane McIntyre, David Minty, Nathan Mufale and Matt Childs, said, upon listing.
The number of residents set to move there over the next 10 years circles 8000, according to the executives.
“The strategic positioning of Warden Park further encompasses exceptional accessibility to Melbourne’s CBD and [Melbourne Airport] via the dual Hume Freeway,” they added.
Also this week we are reporting Salvo and Casey Capital, backed by Qualitas, bought a Tarneit, Melbourne, block, for $73m-ex GST with plans for a c1700 lot housing estate.
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