http://www.theaustralian.com.au/business/property/aveo-close-to-1...

http://www.theaustralian.com.au/bus...e-to-100m-payday/story-fn9656lz-1227051924199

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AVEO Group is inching towards offloading its Saltwater Estate in Melbourne’s Point Cook with the retirement property-focused group expected to realise $100 million from the sale.
Mirvac is thought to be a frontrunner for the 95ha site, but the company declined to comment. In Melbourne’s outer western suburbs, the Point Cook region has proven particularly popular with buyers in recent years due to its proximity to Port Phillip Bay. The site has been approved to hold about 1000 residential lots.
The sale will come as a boon for Aveo, which was up until last year known as FKP Property Group. Aveo has been offloading its residential and commercial property development sites to focus on its retirement property portfolio.
The expressions of interest campaign closed in late August and it’s understood Aveo is still reviewing the offers it received on the prime plot including proposals from Lend Lease and Sunland. FKP acquired the site in 2006 from the Wilbow Corporation as part of a larger 182ha Englobo parcel.