14/03/2012 - 11:02

Cedar Woods develops to 7th

14/03/2012 - 11:02

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Cedar Woods develops to 7th

CEDAR Woods has emerged as Western Australia’s seventh biggest residential land developer based on numbers the company provided to the ASX.

The listed property developer has a portfolio of live residential land development projects amounting to more than 6,400 lots – a level of activity that would place it in the state’s top 10 developers.

Cedar Woods was placed outside the top 10 in WA Business News’ recent listing of residential land developers. 

Among its notable developments are, Rivergums in Baldivis, which has 1,200 lots, South Yunderup, where it has 920 lots and Bushmead with 900 lots.

In addition, Cedar Woods has the 850-lot Mariner’s Cove at Mandurah, and smaller projects such as Emerald Park at Wellard, with 628 lots, The Kestrels at Tapping (530) and Harrisdale Green (475).

Some new information on land developers has since been added to the research that informed the recent listing in WA Business News.

Subiaco-based Amex Corporation, which is run by Adam Shephard, has revealed an additional 500-lot development is set to commence at Wellard within a few months. The Sunrise project is 100 per cent owned by Amex, which has 1,150 lots, placing it as 21st in the WA list of developers.

Slipping into 11th position on the list is Cottesloe-based Heath Development Company.

Run by Colin Heath, information obtained from its website shows is has nearly 4,200 lots under development at the moment – many of which are located in the state’s south.

The biggest project is Oyster Harbour at Albany, where it has plans for up to 2,600 lots. It also has nearly 400 lots at Denmark as well as several smaller developments around Busselton.

In metropolitan Perth, Heath Developments is behind Jindalee Beachside Estate, a 900-lot project that has used Satterley Property Group as the selling agent.

 

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