PAC pacific current group limited

Proterra Tasmanian Property sale for $100M+

  1. 3,133 Posts.
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    Hi All

    Here is the latest sale from Proterra, Tasmanian property Vaucluse sale of $100M+
    https://www.weeklytimesnow.com.au/property/proterra-investment-partners-sell-vaucluse-estate/news-story/83a8b3195b5177aa35fcb57b10c49e3a?amp
    This is behind a paywall, so not everyone will have access to it.

    Here is one from the ABC:
    https://www.abc.net.au/news/rural/2022-11-17/vaucluse-rural-estate-property-tasmania-sells-for-more-100m/101663564

    The weekly times article mentions:
    - two other properties up for sale earlier this year have been taken off the market (One Tree in Qld and Racecourse in NSW).
    - Proterra initially bought Vaucluse for $20M in 2015
    - Proterra had doubled the size of the property by acquiring neighbouring properties
    - included in the sale was a grain storage facility

    Goes to show how much Rural Property prices have increased over the last few years.

    Best of Luck
    Lost
    Last edited by lost: 18/11/22
 
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