Cedar Woods pays $24m for residential development

Cedar Woods Properties has expanded its residential property portfolio into Melbourne's northern growth corridor paying $24 million for the acquisition of 57 hectares of land in suburban Lalor.
It plans to develop the land, currently an infill site, into a 600 lot residential estate.
The site is located 17 kilometers from the CBD, adjacent to existing residential areas, and close to a local employment precinct.
The acquisition will be the first significant residential development offered in the area in many years.
Cedar Woods Victorian state manager Nathan Blackburne said the company was excited about introducing a Cedar Woods master-planned development to Melbourne's fast growing northern corridor.
" We think the market will respond well to a development of the standard and quality that Cedar Woods is known for nationally," he said.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
137thSchaffer Corporation95%31%
191stMMA Offshore65%-37%
325thGlobal Construction Services23%13%
327thSouthern Cross Electrical Engineering23%1%
367thCedar Woods Properties16%7%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$2k Issued
$1k Issued
$896k Issued
Total value as at the date of the transaction
Source: Morningstar


25th↑Cedar Woods Properties$222.4m
27th↓MMA Offshore$221.8m
28th↓Schaffer Corporation$215.0m
30th-Global Construction Services$207.6m
31st↓Southern Cross Electrical Engineering$200.2m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Cedar Woods Properties

200thNathan Blackburne$528k
239thPaul Freedman$450k
732ndWilliam Hames$155k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer