Peet Limited sells Queensland broadacre site for $80 million

SYDNEY, AUSTRALIA: Peet Limited announced the sale of approximately 250 hectares of broadacre land in New Beith, Queensland for circa $80 million. The sale is unconditional, with settlement scheduled to occur in the first half of FY23. Peet Limited Managing Director and Chief Executive Officer, Brendan Gore, said the sale highlighted the company’s ongoing focus…

Peet Limited

Peet Limited (ASX: PPC) is an Australian real estate development company focused on creating masterplanned residential communities and medium density and apartment developments for homebuyers across Australia. The group has operations in Western Australia, New South Wales, Victoria, Queensland, South Australia, ACT and the Northern Territory. Headquarters are in Perth, Western Australia. The current Managing…