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MOSSVALE ON MANLY MWRDP
KATHERINE STREET, WAKERLEY, QLD
DESCRIPTION
Mossvale on Manly is a 503 lot residential subdivision consisting primarily of Mirvac built spec homes on traditional allotments.
The project includes over 10ha of parklands with recreational facilities and tranquil waterways for residents of the estate. Mossvale on Manly is centrally located in Wakerley near shops, schools and recreational facilities and is approximately 14 kilometres east of the Brisbane CBD and 5 kilometres from Moreton Bay.
MWRDP purchased Stage 9 and 10 (180 lots) from Mirvac in 2007.
| SUMMARY INFORMATION – 31 DECEMBER 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Jun 071 | |
| LOCATION | Wakerley | |
| PROJECT VALUE (INCL. GST) | $120m | |
| TOTAL LOTS | 180 | |
| PROJECT PERIOD | mid 2007 – early 2014 | |
| OWNERSHIP STRUCTURE | 100% MWRDP (Mirvac Limited 20% equity interest) | |
UPDATE
Stage 10 (39 lots) was completed January 2010.
Civil works are complete and titles registered for all Stages.
The main construction and sales focus is currently on Stage 9a (82 lots) with the first house construction starts moving to the final Stage, Stage 9b (59 lots) in February 2012.
As at 31 Dec 2011 85 lots had settled with project completion forecast for early 2014.
1) Transaction date.