New Port Geographe Development
In May 2015, Aigle Royal Pty Ltd purchased the rights to the incomplete Port Geographe development from the official receiver, following the liquidation of the previous developer Saracen JV. Aigle Royal has commenced its New Port Geographe Development.
This is of particular relevance to PGLOA because the new development lies within the SAR catchment zone. Consequently over time this will add to local amenities, and of course continue to build the Waterway Reserve Management Fund.
The early plan was presented to members of PGLOA at the AGM in August 2015, by Mr Brad Bradshaw, General Manager Land Developments Aigle Royal Pty Ltd. That presentation can be accessed here by courtesy of Aigle Royal.
In summary, this development abandons the old ten-stage canal and lake concept of the previous developers, in favour of a mix of mostly dry lots (about 580), some canal lots (approx 120) and expanded public open space. It is a ten-year plan.
Whilst PGLOA would liked to have seen a higher ratio of canal lots, it recognises the statements of Aigle Royal that a greater emphasis on dry lots would greatly reduce the up-front capital costs, and reduce the ongoing costs of maintaining water quality in the lakes and canals.
Progress can be tracked via Aigle Royal website