18 April, 2011
AVJennings takes over Arlington Rise
Renowned developer AVJennings has expanded its presence in The Bellarine Peninsula by buying into the Arlington Rise residential community.
AVJennings will partner with Macquarie Real Estate Equity Fund to deliver the remainder of the development.
The estate offers AVJennings a strategic foothold into the Geelong region.
AVJennings’ Executive General Manager for Victoria, Mr Peter Vlitas, said that Arlington Rise was the right opportunity at the right time.
“We see Geelong and its surrounding regions as solid growth areas, and we’ve been looking for a good piece of property for some time,” Mr Vlitas said.
“In Arlington Rise we have found a partly-developed, prime piece of land where we feel we can help to create a great new community.”
When completed, Arlington Rise will include around 290 homes, many of which will have stunning coastal views.
“We’re looking forward to bringing the experience we have gained from almost 80 years of creating residential communities to this beautiful estate,” Mr Vlitas said.
“AVJennings is making a long-term commitment to The Bellarine Peninsula, and we look forward to working with the local community, the City of Greater Geelong and residents to achieve the best possible outcome,” he said.
Mr Vlitas said work was expected to commence on stage 2 of the project in May 2011.
The Arlington Rise sales office is located at 49 Newcombe Street, Portarlington. For more information visit www.arlingtonrise.com.au or call 131 878
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