Property group Mintus in partnership with Revelop has swooped on the last remaining parcel of land at Nelsons Ridge in Sydney’s west, acquiring the prime site from building products heavyweight Boral for just under $60 million.
The Pemulwuy site adjoins Boral’s 100-year-old quarry in Greystanes, which has been developed into a $1 billion residential estate, in conjunction with Lendlease, comprising more than 1500 homes.
Mintus won out against several interested developers. Both companies have been active players within the Pemulwuy area, developing many apartment buildings in the Lakewood estate and numerous homes.
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