Nippon Telegraph and Telephone Corp is emerging as a big player in the city’s housing market after buying its fourth site.
Banking on this comeback, NTT, the world’s fourth-largest telecommunications company by revenue, has partnered with local greenfield developer Yourland, which has projects in Bendigo, Melbourne and Torquay.
The agents said the former farm generated interest from local developers, as well as interstate and offshore groups looking to secure a significant infill development opportunity. The huge site, which the Plunketts have owned for 50 years, is being sold with approvals in place for a master-planned community that will incorporate housing for approximately 5000 residents as well as retail, mixed business, tourism and public recreation components.
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