An 82ha parcel of land which sits behind Stockland's successful Willowdale residential community has recently changed hands for $63.5m.
The property which sits on the corner of Denham Court Rd and Campbelltown Rd was acquired by a nondescript company DC Rd DC Pty Ltd, likely named after the street address.
The parcel of land was marketed through Colliers who refused to comment on the sale.
The site sits just south of the South West Growth area and is currently zoned E3 (Environmental) with areas of steep land and significant areas of vegetation. Few options currently exist to allow subdivision of the site, however the high price paid for the land ($774,390 per hectare) suggests that at some stage it has a higher and better use.