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Lifestyle Communities Acquires a New Site in Clyde North

13 May 2020  |  08:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Lifestyle Communities acquires a new site in Clyde North

Lifestyle Communities advises that it has executed a contract of sale to purchase a site located in Clyde North, Vic. The settlement is expected to occur in mid-2021 with construction anticipated to commence soon afterwards. This will be the Company's 21st community and will allow for the construction of 275 homes within the rapidly expanding Casey growth corridor. It also advises that it has executed a contract of sale to purchase an additional 1.2-ha site adjacent to its existing site in St Leonards. As a result of these acquisitions, its portfolio will increase to 4,288 home sites, which includes sites in planning, development or under management.

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