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Yucai Group buys Lara farm for $25m


Marc Pallisco, The Sydney Morning Herald

For the second time in as many weeks, a local developer backed by Chinese capital has bought an enormous farm west of Melbourne.

This time, in Lara, 18 kilometres north-east Geelong, a 79.6-hectare rural holding zoned for residential development is trading for $25 million to Soaraway Development Pty Ltd, an Australian registered division of China's Yucai Group – a diversified group that also has interests in mining, energy and electronics.

Go to The Sydney Morning Herald and read the full story.

The Sydney Morning Herald
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