Maitland City Council officers had recommended the Sydney-based land lease community developer and operator's proposal for a manufactured home estate in Farley, which is being redeveloped into a residential suburb of Maitland, be refused.
The officers cited traffic issues, no sign-off from Rural Fire Service or Transport for NSW, non-compliance with RU2 rural landscape zoning, limited transport access and a number of technical issues for the deemend refusal but the full council on 20 May pushed back the decision to give Vivacity more time to resolve outstanding issues.
Vivacity is targeting ambitious growth, aiming to increase its assets under management from $300 million to over $1 billion within the next five to seven years. The company is also preparing to expand its footprint into South Australia and Victoria, building on its strong presence in New South Wales and Queensland.
Vivacity currently has more than 2,000 land lease home sites either completed or in development and plans to triple that pipeline in the coming years. Just last month, it acquired a site in Berkeley, Wollongong, approximately 85km south of Sydney, adding to its portfolio of eight active projects.
Get the most important industry news straight to your inbox. Subscribe to our free newsletter: https://www.theweeklysource.com.au/newsletter-subscription-form
