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Joint venture at Eynesbury

Joint venture at Eynesbury
Nov 23 2018 | Blog

Resimax Group are proud to announce a 218-hectare land parcel joint venture acquisition with Hyde Property Group. The deal is set to fast-track delivery of key infrastructure for Residents of Eynesbury Township.

Resimax Group’s land acquisition will help to facilitate the delivery of the entire Eynesbury Township and key infrastructure including the fast-tracked development of Green Hill and Mt Mary Roads – connecting Eynesbury to the City of Wyndham as well as the State Government Primary school and Eynesbury’s sporting facilities.

Importantly, the agreement ensures Resimax Group and Hyde Property Group deliver the greater Eynesbury Township as one cohesive project, with Resimax Group’s experienced delivery team at the helm.

The greater Eynesbury Township has enormous potential and will be an exemplar community not only for Victoria, but on a global scale. Eynesbury is currently home to 2,400 residents.

Ozzie Kheir, Managing Director Resimax Group said: “Resimax Group is thrilled to work alongside Hyde Property Group to deliver on the potential of Eynesbury Township. Eynesbury is one of the most exciting developments in Australia, both in terms of its scale and potential end use – the opportunities are endless.

When you visit Eynesbury you can’t help but fall in love with the place – from the protected native vegetation that sprawls the estate, the 18-hole professional golf course and the heritage bluestone Homestead with cosy fireplaces, you instantly feel at home.

“In years to come I have no doubt Eynesbury will be known as a premium housing estate with a great community and we look forward to working closely with the existing Eynesbury community to re-invigorate the Township and open up the unique Eynesbury lifestyle to a whole new group of residents,” said Kheir.

Russell Jackson, CEO Hyde Property Group said: “We chose to partner with Resimax Group over a number of offers as it provides continuity of delivery with the existing Eynesbury Township.

“The purchase and associated refinancing of the site allows us to ramp up delivery of key infrastructure that will open up the Township to the City of Wyndham and improve the connectivity with the City of Melton. 

“We thank our residents and stakeholders for their patience during this process and believe that the deal we have brokered is an incredible outcome for everyone associated with Eynesbury,” said Jackson.

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