blog.buysellrealestate.com.au

Consolidated Properties, the wholly owned development subsidiary of Trinity, has acquired the Cumberland Lorne Resort on Victoria’s coast.

A mixed use corner development site fronting the Princes Highway in Pakenham, Victoria, has been purchased at auction by an undisclosed private developer after a strongly contested auction.

The national commercial auction clearance rate increased by 2% points to 62% in November 2007 with Victoria continuing to be the strongest state, according to independent property analysts RP Data.