Clinton Trezise & Peter Neale, joint Managing Directors of RPM Group in Queensland advised SIG Group during the acquisition and has also been appointed to sell the future residential project.

Property developer SIG Group will help bring another 600 homes to market in Queensland’s booming western growth corridor following the acquisition of 42 hectares of land in Ripley. The future master-planned community will deliver residential land lots and terrace homes, to medium density dwellings with a wide network reserved for parks and green open space.

A mere 40-minute drive from Brisbane, 15-minute drive from Springfield, and located directly next to the Ripley Town Centre, the favourable location sets the site apart from surrounding estates. Residents will benefit from the immediate access to the Town Centre, as well as future retail, parks and a proposed train-line providing convenience, reduced traffic in the area, increased property values and contributing to the economic development of the area.

RPM Group's Victorian Transactions & Advisory team.

Director at SIG Group Hugh Lu said his team are committed to delivering a unique community where the natural beauty of Ripley and the surrounding region, paired with endless amenities, both established and planned, are provided.

“We’re excited to take over this remarkable parcel of land from Sekisui House Australia which will play a pivotal role in the core Ripley community and bring momentum and a united plan for growth,”said Hugh.

Clinton Trezise & Peter Neale, joint Managing Directors of RPM Group in Queensland advised SIG Group during the acquisition and has also been appointed to sell the future residential project. Clinton commented, “buyers in South East Queensland are sophisticated enough to understand the potential of investing close to a developing Town Centre. Our research provided to SIG Group outlined the relationship between improved liveability and the projected property market growth.”

“Ripley is a fast-growing area in Queensland; this new development will provide an opportunity to cater to this growth and shape a lively community that benefits from its location, affordability and lifestyle, ” said Hugh.

“This will be achieved by tapping into proposed key future amenities such as private commercial office space, a hospital, aged care facilities, a premium hotel and an underground train station on the doorstep. With Sekisui House Australia in the development planning phase for Stage 2 of Ripley Town Centre, the construction of new retail and commercial spaces anticipated to open in 2025 will ensure residents benefit from entering into a well-established region with ease,” said Hugh.

After experiencing strong success off the back of its Victorian residential developments, SIG Group is expanding its portfolio in Queensland.

This article was originally published on The Asean Developer.