PROPERTY developer Cedar Woods has hit back at claims that it will buy a multi-million dollar property, previously owned by Pakaj Oswal’s company, to add to its Baldivis portfolio.
Jones Lang LaSalle is selling the 76 hectares of land on behalf on behalf of Oswal receivers Taylor Woodings.
“The market should not infer from the media reports that Cedar Woods has at any time entered into or made any commitment whatsoever in relation to the Oswal land,” Cedar Woods said in a statement.
The developer announced last week that it had secured a 38.2ha development site in Baldivis for $12 million, which is adjacent to the 29.5ha of land it bought last month.
Cedar Woods already has existing developments in the area, including The Rivergums in Baldivis and Emerald Park Private Estate in Wellard.
Cedar Woods WA state manger, Stuart Duplock, said he was pleased to further build the company’s presence in the area.
“The combined 68 hectares will provide the potential to deliver a master planned estate with over 800 residential lots, with the scale to offer a high-quality, sustainable community,” he said.