Residential property developer AVJennings (ASX:AVJ) has bought the 50 per cent remaining of a green-fields residential development near Brisbane called Riverton.
The acquisition will be completed in June 2019.
The site will deliver around 1,200 lots in South East Queensland over the next five years.
The site 40 kilometres from Brisbane will have parks, fitness stations, fishing and kayak launching docks, an off leash dog park and an amphitheatre for community use.
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