Devine Limited has purchased a 30 hectare parcel of land in Meadows, South Australia. The site was acquired for residential development and will have an estimated end value of $30 million once approved and fully developed.
A service station in Mornington, Victoria, has sold on a net yield of 6.7% one week before its scheduled auction. The fully leased property is anchored by Safeway Petrol (Woolworths Limited).
WBP Property Group has taken out the Lending Central 2007 Valuer of the Year award for its services to the Australian mortgage industry. Lending Central is an online information resource providing information and advice on buying property.