Building a multi-year residential development pipeline
2,000+ potential residential lots | Development Approval targeted
Cryna comprises three land parcels in Southeast Queensland with the potential to deliver more than 2,000 residential lots, subject to development and regulatory approvals.
The project is being progressed through the planning and approval process and is expected to form a multi-year residential development pipeline for Wee Hur. Following the necessary approvals, development and sales are intended to be undertaken progressively, allowing the Group to align capital deployment and lot releases with infrastructure requirements and market demand.
Progressing from approval to development
358 residential lots | Development Approval obtained
Located approximately 40 kilometres west of Brisbane, Lowood is Wee Hur’s first residential land subdivision project in Australia. Development Approval has been obtained for 358 residential lots, with the project progressing through infrastructure and civil works ahead of staged development.
Wee Hur has adopted a partnership-led approach to Lowood, bringing in an established Australian residential partner to participate in the development and progressive monetisation of the project. The structure enables Wee Hur to share development and market risk while retaining exposure to the project’s future value creation.
