• Donnybrook parcel sold for $100 million
• staged settlement over 40 months after PSP approval
• strong contribution to profits from FY20
Donnybrook JV Pty Ltd (VLW 51%, CVC 49%) has entered into a conditional contract to sell its remaining parcel at 960 Donnybrook Road (Site), having previously entered into a conditional contract to sell its adjoining parcel at 1030 Donnybrook Road to Satterley Property Group Pty Ltd (refer FY16 Annual Report, Operating Financial Review).
The Site comprises ~208 ha1, with the vendor to retain certain portions of the site including non-residential components. The purchaser is 960 Blueways Pty Ltd, a wholly owned subsidiary of Blueways Holdings Pty Ltd.
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