Charter Hall established the Fund to provide Investors with the opportunity to participate in a circa 251 lot residential land subdivision in Plumpton, Melbourne (Project). The Project, known as “Rosewood”, is a carefully crafted masterplanned community offering a selection of housing lots to suit a range of buyers.

Rosewood is located approximately 30 kilometres north-west of the Melbourne CBD. The Project is a joint venture (Joint Venture/JV) between the Fund  and ID_Land, an experienced, privately owned Melbourne based residential developer. ID_Land has been appointed as the development manager. ID_Land has undertaken a number of successful residential developments across Melbourne with this being the fifth joint venture between Charter Hall and ID_Land.

The Land is located at 961 Taylors Road, Plumpton, approximately 30 kilometres (30-40 minute drive) north-west of the Melbourne CBD, within the City of Melton. Plumpton is located immediately west of the well-established suburb of Caroline Springs, a greenfield development launched in 1999 by Lend Lease. Caroline Springs is approximately 25 kilometres west of the Melbourne CBD. Neighbouring suburbs include Burnside, Burnside Heights and Taylors Hill. Together with Caroline Springs, these suburbs have a population of more than 52,000 people making it one of Australia’s fastest growing local government areas.