Resimax Group has sold a 49.9% interest in its flagship Eynesbury Estate development to Mitsubishi Estate Asia, in one of 2026’s largest Australian property deals.

The deal values Eynesbury at more than $700 million. Located in Melbourne’s western growth corridor, about 40 minutes from the CBD between Melton and Werribee, Eynesbury Estate is a masterplanned residential and historic township development set within a unique natural landscape, adjacent to a protected 288-hectare Grey Box Forest. The partnership will bring significant additional capital and development expertise to accelerate delivery of the estate over the coming years.

Once complete, the estate will comprise an early learning centre and primary school, a village centre including retail, health and community services, hospitality venues and a golf course. Further proposals include a luxury hotel and conference centre, a day spa and mountain bike tracks, rounding out a community designed to support residents at every stage of life.

MinterEllison advised Resimax Group on all real estate aspects of the transaction, including the shareholding arrangements, the subscription agreement, the development management agreement, and the sales and marketing agreement. The firm also advised on a series of intercompany loan agreements, the suite of security provided by each shareholder, and a range of ancillary documents.

The MinterEllison team was led by partner Carla Deluca (Partner, Real Estate and Real Estate Industry Leader), with support from Alice Rubira (Partner, Banking & Finance), Andrea Frank (Partner, M&A), Nick Diakoumis (Special Counsel), Nick McConnell (Senior Associate), Lachlan Jolly (Senior Associate) and Nat Dermenzies (Lawyer).

Mallesons acted for Mitsubishi Estate Asia.