RESIDENTIAL developer Villa World has unveiled its largest Queensland project to date with the launch of the 1502-lot Covella community at Greenbank.
Developed as a joint venture with Ron and Tony Perich’s Greenfields Development Corporation, Covella will be built on a 153-hectare semi-rural site bought for $50 million last year.
Covella will comprise four individual precincts set amid parkland, bushland, gardens and sports fields.
Villa World has also recently released its 300-lot Chambers Ridge project at Park Ridge and late last year launched the 726-lot Killara community at Logan Reserve.
Villa World chief executive officer and managing director Craig Treasure said the push into Logan was a natural progression for the company given the area’s emergence as a central growth corridor with a rapidly rising population.
Mr Treasure said Covella would offer a high quality residential option for families as Logan’s population soared from 310,000 to almost 500,000 by 2031.
“Covella will offer a wide array of new housing options and styles at affordable prices from some of Australia’s best builders,” he said.
“Our vision goes beyond providing housing; it’s about building liveable, connected and attractive communities where families can thrive and feel truly at home.”
Covella will be developed in 27 stages over the next five to seven years and will be home to 4000 people.
The Killara community at Logan Reserve was Villa World’s fasted selling project.
