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C Capital Acquires Land in Australia w/ Development Value Estimated at AUD4.5B
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C Capital, co-founded by Adrian Cheng, former CEO of NEW WORLD DEV (00017.HK), announced the acquisition of a 507-hectare land parcel in the northern freight district of Beveridge, Victoria, Australia. According to C Capital, the Beveridge northern freight district is planned to be a key node connecting the Inland Rail project. C Capital and Lendlease, an Australian-listed company, have forged a partnership, under which Lendlease is appointed as the main development partner for the project to advance rezoning and infrastructure work and support the development of logistics, industrial, and data center assets. The project's value is expected to reach AUD4.5 billion (over HKD24.55 billion) upon completion. AAStocks Financial News |
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