Pomeroy Pacific Announces Major Acquisition

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Mark Pomeroy, CEO of Pomeroy Pacific announced the acquisition of a 28 hectare site at the corner of Central Parkway and Paramount Boulevard in Cranbourne West. The site will be developed in joint venture with Little Projects into a mixed use, multi-stage development.

The site is a 40 minute drive from Melbourne’s CBD and is located in close proximity to a school and wetlands.

Negotiated off-market, the acquisition signals a return for Pomeroy Pacific to expand beyond its traditional role as seasoned property advisors and to invest its capital into commercial property development with joint venture partners.

Click here to view the article featured in The Australian Financial Review