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National Pacific Properties makes multimillion-dollar land acquisition

Maddocks has advised National Pacific Properties on its multimillion-dollar acquisition of land in Melbourne’s south-east.

September 23, 2021 • By Emma Musgrave
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Bettina Sheeran
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Firm: Maddocks (National Pacific Properties).

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Deal: National Pacific Properties has acquired 28 hectares of land in Pakenham East, which it will use to build approximately 500 homes.

 
 

Value: $48.5 million.

Area: M&A, property and development.

Key players: The Maddocks team was led by development partner Bettina Sheeran and senior associate Alexandra Yorston.

Deal significance: National Pacific Properties is the development arm of home building company Burbank Group.

Ms Sheeran said the deal was the latest in what is a “buoyant Melbourne residential property market”.

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“There is still great demand for housing in and around Melbourne and the outlook for interest rates to stay low for the next two to three years will continue to fuel that,” she said.

“We are really pleased to have assisted National Pacific Properties on this strategic acquisition in one of Melbourne’s growth corridors.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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