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MTAA Super, Peet In $95M Deal

MTAA Super has entered a $95 million agreement with national residential land specialist Peet.

    MTAA Superhas entered a $95 million agreement with national residential land specialistPeet, Global Pensionsreports. As per the deal, the Australian super fund will partner with Peet to complete the development of Flagstone City in Queensland.

    The system has sold half of its share to the Perth-based real estate developer for $45 million. Peet will be the development manager of Flagstone West and also manage the adjacent Flagstone East, addsPerth Now.

    Click here for the story fromGlobal Pensions.

    Click here for additional coverage fromPerth Now.

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