Marsden Park. Stockland acquires land

Property developer Stockland has acquired a parcel of land in Sydney's northwest growth corridor with the potential for about 2300 new homes. Stockland bought the 163-hectare site in Marsden Park for $165 million, on deferred payment terms, from the private Winten Property Group. The land, about 5 kilometres from Riverstone railway station and 15 minutes’ drive from Norwest Business Park, is adjacent to Marsden Park Industrial Precinct, which is under development.