Overview
The Fund follows on from the successful launch in November 2005 of the Mirvac Development Fund - Seascapes.
The Fund is an unlisted, closed-end, single project fund. The Fund's investment strategy is to maximise investors' value by providing returns through the investment and development of this quality land subdivision project.
The project involves the development of approximately 63 hectares of developable land in the Meadow Springs Estate into 631 Lots, including one commercial site and four Grouped Housing Sites. Meadow Springs is an established residential estate situated within, and around, a championship golf course in the city of Mandurah, approximately 75 kilometres south of Perth.
Mirvac, in Western Australia will manage the development and sale of the lots. Mirvac WA has extensive knowledge and experience with development, sales and marketing strategies in the Mandurah region that can assist Mirvac Funds Management in optimising returns to investors.