The diversified property developer received approval for an amended plan for its over 50s development from Western Australia’s Metro Outer Joint Development Assessment Panel on 11 January.
The community, spread over 12.6ha, is part of its Wildflower residential development in Piara Waters, about 20km south-southeast of Perth's CBD, which has 370 lots.
The amended plan for the land lease community features an estimated additional 30-40 dwellings.
In November last year, Stockland launched Illyarrie, a $171 million residential community in Sinagra, 25km north of Perth’s CBD, with 472 lots. It includes a 152-home Halcyon land lease community.
In December, the Sydney-based business announced, in partnership with Supalai, it has entered into binding agreements to acquire 12 master planned communities from Lendlease for $1.1 billion. Stockland CEO, Development, Andrew Whitson, said the communities would include up to nine future land lease communities totalling 2,500 home sites.
Stockland is on course to be the leading provider of land lease homes in Australia, which was the intention of CEO Tarun Gupta after he paid $620 million plus on Queensland-based Halcyon Group in July 2021.
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