With development approvals for Vantage Lilywood in Moreton Bay and Vantage Logan Reserve in Logan, the recent entrant into the sector now has 11 active communities across southeast Queensland and Victoria.
The latest news follows the recent settlement of seven acquired land lease communities from the Puljich family’s Living Gems business.
“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,” AVID Property Group CEO Cameron Holt (pictured) said.
AVID announced its entry into the land lease market in mid-2024 with the launch of two greenfield communities, Vantage Bloomdale and Vantage Hervey Bay, last year, both of which are currently under construction.
AVID’s land lease business is led by Manual Lang, who previously was CEO of Palm Lake Group.
The developer has also lodged plans for an additional two greenfield communities in Pakenham, Victoria, and Palmview, Queensland which, once approved, will bring the developers land lease portfolio to approximately 3,420 home sites across 13 communities nationally.
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