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Peet to form land syndicate

A NEW land syndicate will be formed in the next few weeks by real estate agents and developers Peet & Company Limited that aims to raise about $2.8 million.

The monies raised will be used to purchase 19.63 hectares in the suburb of Atwell, twenty-three kilometres south of Perth. The land, which is zoned urban, is expected to yield about 230 new building blocks.

Subdivision is expected to commence in the coming financial year and take up to four years to complete.

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