Media Centre

21
Dec 18

Clearstate prepares to spring into new era of Australian housing supply

DNW Group company Clearstate has recently announced the successful completion of the company’s first major finance raise since launching in 2011.

Kandis Investments Ltd, an affiliate entity of US-based, global investment firm, Avenue Capital Group, has agreed to provide Clearstate with a facility of up to AUD$50million, allowing the company to deliver over 1,700 much-needed homes to the Sydney, Melbourne and Brisbane markets.

DNW Group’s Managing Director, Dean Willemsen, says the funding will help Clearstate embark on a new era of expansion.

“We’re excited about what Clearstate can achieve over the next five years and we look forward to working with even more Australians to show them the benefits of being a Clearstate customer,” he said.

“Our future objectives include delivering outstanding levels of customer service and addressing the sustained housing supply gap that is affecting affordability in both Sydney and other parts of Australia.

“We want to assist those working hard to realise the Australian dream of owning their own home and will continue to look at innovative ways of making this happen.”

Clearstate has developed land projects in Sydney’s North West & South West growth corridors, as well as Melbourne. Clearstate’s project on Tallawong Road, Rouse Hill, has house and land packages starting from A$777,000 as well as land only packages starting from A$500,000. The project is located approximately one kilometre from the new Tallawong Road metro station opening in May 2019.

To read more about this exciting news, see the following articles:

– Clearstate raises 50 million with New York’s Avenue Capital Group – click here
– Clarity for buyers looking to build a new home – click here
– Sydney developer wins $50m capital raise from global investor – click here

Posted by: DNW Group