Announcing its acquisition of 64 May Road Beaconsfield, private residential developer, BuildCap has expanded its delivery pipeline to over $270 million over the next three years.
The 6-hectare premium land subdivision adjoins the outer-Melbourne suburb of Beaconsfield and will accommodate 50+ lots, ranging in size from 600m2 to 2400m2. Located 45km from the CBD in Melbourne’s South East growth corridor, the site forms part of the approved Officer Precinct Structure Plan (PSP) in a designated Urban Growth Zone (UGZ3) within Cardinia Shire.
Dedicated to achieving a cohesive, high-quality built form, BuildCap is focused on delivering allotments that accommodate a wide range of builders as well as the evolving living standards of customers. Also committed to optimising the surrounding natural vegetation, bushland and rural aspect within the new neighbourhood, BuildCap will create a place that leaves a positive legacy in the wider community.
“We are looking forward to developing this boutique and premium residential parcel of land in the tightly held suburb of Beaconsfield. The property has a long history of horse agistment and we intend to honour the previous owner’s wishes with the inclusion of associated elements within our urban design,” said BuildCap Managing Director, Stuart Biggs.
Quietly nestled alongside a highly sought-after well-established residential area, the new community will offer direct access to Melbourne’s CBD via the Princes Highway and Beaconsfield Train Station. The locality also offers a choice of public and private primary and secondary schools, with Federation University, Westfield Fountain Gate and Casey Hospital all within 8km.
There is extensive commercial development underway, reflecting an invested confidence in the locale’s future growth. Already in progress, there is an Activity Centre under construction just 600m from the site, which will comprise a range of food outlets, retail stores and a service station. There is also a Woolworths being developed on the corner of Princes Highway and Whiteside Road, within minutes of the development site.
Brokered by Chris Jabs from Core Projects, this acquisition will compliment BuildCap’s current development pipeline in Victoria and Queensland.
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