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Gillieston
SADDLER DRIVE (OFF CESSNOCK ROAD),
GILLIESTON HEIGHTS, NSW
DESCRIPTION
Gillieston is located 3 kilometres South of Maitland and approximately 1.5 hours north of Sydney. The project received Development Approval (DA) in November 2006 from Maitland City Council. The residential lots are to be developed over 10 stages.
Lots currently vary in size from 450m2 to over 1,200m2 with average lot size being 700m2
The entire estate is over 70HA.
| SUMMARY INFORMATION – 31 December 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Jul 06 | |
| LOCATION | Gillieston | |
| PROJECT VALUE (INCL. GST) | $83m | |
| TOTAL LOTS | 403 | |
| PROJECT PERIOD (CALENDAR YEAR) | early 2008 – mid 2011 | |
| OWNERSHIP STRUCTURE | 100% Mirvac Limited | |
UPDATE
Civil works for stages 1–4 are complete with stage 5 works to complete in February 2012. Stage 6 works expected to begin mid 2012.