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AEG Secures Funding Deed for 3,200-Lot Bungendore Development with 30% Profit Margin
9:41am on Tuesday 23rd of June, 2026 AEST
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Real Estate
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AEG Secures Funding Deed for 3,200-Lot Bungendore Development with 30% Profit Margin
9:41am on Tuesday 23rd of June, 2026 AEST
Key Points
Funding deed covers 3,200 residential lots on 1,000 acres in Bungendore
30% development margin fixed at $174,000 per lot based on recent sales
AEG to act as fund manager and co-investor, with external developers
Exclusive 10+10 year term secured by mortgage, caveat, and power of attorney
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