News

CFMG Capital Settles Mayfair Lane at Rochedale

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On 30 September, CFMG Capital completed the acquisition of the highly sought after 1.2 hectare development site as per the terms of the contract. The site was secured earlier in 2019 and a Development Approval was secured before settlement and the development team are now preparing to commence initial works prior to Christmas.

This completed acquisition extends the CFMG Capital forward pipeline of projects to an end value in excess of $300 million, with the team continuing to look to identify further opportunities into 2020.

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Council Spending Transparency Shines Light on Developer Contributions

As a result of a 2017 state election commitment, Queensland Minister for Planning Cameron Dick recently announced amendments that will require local councils to publish the amount of infrastructure charges being collected and where that money is being spent.  This is a very positive step forward in assisting the community to understand both the broader benefits of development activity in their area and the significant contribution this development makes to infrastructure upgrades.