$21.5m for Perry Lakes land

Western Suburbs Weekly - - News -

THE Town of Cam­bridge has ac­cepted an of­fer of $21.5 mil­lion for two grouped hous­ing sites in the Perry Lakes Res­i­den­tial Es­tate.

Edge Vi­sion­ary Liv­ing (EdgeVL) se­cured the sites with a 12-month set­tle­ment pe­riod.

Mayor Keri Shan­non said the of­fer was within the Town’s price ex­pec­ta­tions for the land.

“The Perry Lakes Es­tate is a fan­tas­tic res­i­den­tial lo­ca­tion and I look for­ward to the de­vel­op­ment of high-qual­ity apart­ment com­plexes on the re­cently sold blocks,” Ms Shan­non said.

“The de­vel­op­ment of the sites will pro­vide a mix of hous­ing to com­ple­ment the ex­ist­ing high­qual­ity homes that make Perry Lakes a very de­sir­able place to live.”

Cam­bridge act­ing chief ex­ec­u­tive Ja­son Lyon said the two lots form part of three group dwelling sites that were trans­ferred from the State Govern­ment to the Town of Cam­bridge un­der the Perry Lakes Re­de­vel­op­ment Act.

“The Town will be giv­ing con­sid­er­a­tion to the tim­ing of putting the third and fi­nal lot on the mar­ket at some stage this year” Mr Lyon said.

EdgeVL has started de­sign con­cepts for the sites to pro­vide 162 apart­ments and a café.

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