The Perich family, developers of the massive master planned Oran Park Town Centre in western Sydney, are making bold inroads into their first Queensland foray, partnering with Villa World on the company’s largest Queensland venture to date.
Enjoying the partnership with the publicly listed company, the Perich Family is injecting its expertise into the 1500-lot Covella community at Greenbank in the heart of one of the state’s major growth corridors.
The project, having welcomed its first residents in November last year following a successful $38 million generated through land sales, is set to capitalise on an energised Queensland Government-initiated agreement which is breathing new life into the area through the recent announcement of its $1.2 billion infrastructure plan.
Tony Perich, who is behind the Perich family’s Greenfields Development Company, said the company’s first foray north of the border was proving to be a good one.
“We knew the greater Logan area was going to be one of the major growth corridors in Australia in coming years, but the infrastructure plan has certainly accelerated the opportunity for us in this area,” said Tony Perich.
“We certainly see similarities with the Greater Logan areas like Greenbank where Covella is located and Oran Park which we have been developing for many years now.
“The fact that the $1.2 billion infrastructure plan has been ratified by the Queensland Government and Logan City Council, we believe, will only speed up the evolution of the area into a thriving hub not unlike what we are creating at Oran Park.”
Villa World has also expanded its operation into NSW, teaming up with the Perich family to be part of the Oran Park Town project, Sydney’s fastest growing town.
Covella is Villa World’s largest project and is located strategically close to Springfield and Logan City – two Brisbane satellite cities emerging from exponential growth of Southeast Queensland over the last decade in particular.
Villa World Queensland development director Peter Johnson said the recent infrastructure announcement would allow Villa World to future plan for its 1502 lot Covella community at Greenbank – a project that is already proving a major success for the region.
“The community is already moving along at a rapid paceand this infrastructure deal will allow us to maintain our momentum,” Mr Johnson said.
“We have forged ahead successfully with our Covella community, so this deal has come at a perfect time and we’re looking forward to building on our momentum.
“The infrastructure plan will enable vital infrastructure such as roads, water and sewerage to be fast tracked as a priority and enhance the region at a speed that developers could not do themselves.”
Villa World is one of nine developers which have strengthened their commitment with an infrastructure deal in conjunction with Queensland Government and Logan City Council.
“This is the biggest infrastructure agreement in the country between a State Government, council, developers and landowners and it has been a very clever way to manage the growth of the region and allow developers to secure the vital infrastructure such as roads, sewerage and water to meet the region’s growth expectations,” said Mr Johnson.
“We’re looking forward to a long and productive partnership with Greenfields Development Company as we roll out Covella over the next decade.”
Covella is being developed in 27 stages, featuring four boutique precincts.
The community is serviced by the Greenbank Shopping Centre and Pub Lane Tavern just 800 metres down the road and it is just a short drive to major shopping at Springfield Lakes and Grand Plaza, Browns Plains.
Located 34km south of the Brisbane CBD, Covella is close to schools and the University of Southern Queensland is just 15 minutes away.
Residents will be just 12 minutes from Greater Springfield and have easy access to major arterial roads such as the Logan and Centenary motorways.
Covella’s sales centre is open from 10am to 5pm daily on Pub Lane in Greenbank.