Build on The Grove's current community vision

In addition to creating additional housing, Frasers will maintain and build on The Grove's current community vision, and deliver on the existing masterplan vision to provide its residents with high quality of living.

The Grove is an existing community with approximately 850 lots already sold and developed. As part of the acquisition, Frasers Property will acquire the balance of the project, which covers 167 hectares and will yield 1,780 residential lots. Of these, approximately 460 lots have exchanged, with revenue of approximately $130 million to be received by Frasers Property within 18 months.

Once completed, The Grove will include over 2,600 homes, a town centre retail precinct, proposed primary and secondary schools, a neighbourhood activity centre, sporting oval, community facilities expected to include medical and child care, as well as a series of cycle paths, parklands, creeks and waterways.
Frasers will take control of the development in April 2019 and it is expected that The Grove will be completed in 2025.

A seamless, holistic and agile delivery of legal services

As this was an in-progress development site, MinterEllison assisted Frasers with a complex and large scale due diligence of construction, planning and property aspects within a highly tight transaction timeline.