Recent Transaction | Funding Melbourne's Western Growth Corridor

Labassa Capital has settled a $20,000,000 First Mortgage Construction Facility to fund the civil works and project related costs for a 150 plus residential subdivision located 30km west of the Melbourne CBD. 

The project will be delivered across four stages, with Labassa initially funding Stages 1-3. Situated within a growth corridor, the development forms part of the areas ongoing transition from greenfield land to established residential communities. 

Civil works construction is well progressed in line with program and project budget. To date, 31% of Stage 1-3 allotments have been sold unconditionally, demonstrating ongoing purchaser demand for well-located residential land within the corridor. 

If you or your clients are seeking flexible funding solutions, please contact Labassa Investment Team at contact@labassa.com or 02 9061 6600.