Resolution Property Group and the Rich List Liberman family-backed financier Monark Property Partners have paid $44 million for a 15-hectare site in outer-northern Melbourne’s Greenvale.

The developer and Monark will make the vacant parcel at 800 and 820 Somerton Road, 20 kilometres north of the CBD, their second joint venture, with plans to develop about 300 houses and townhouses in an estate with an estimated end value of $135 million.

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