GreenFort Capital has doubled its small land lease development business with the acquisition of two regional Queensland sites, where it will develop communities with a combined end value of $500 million.
The alternative fund manager hoped to start construction work mid-to-late 2025 at Gowrie Junction in Toowoomba, for which it paid $15 million and the undisclosed-price Elliott Heads site near Bundaberg, GreenFort partner Adam Vaggelas said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
