Sustainable Communities
Wahroonga, NSW – Property Development
Property development is at the heart of many successful investor’s portfolio in Australia. At Merano, we’ve honed our approach to strategic property investment, through a wide range of investment types and a number of property cycles.
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We acquired our first, modest property development in 2011, which proved to be the spark for much larger things ahead.
Clearstate – Property Development Platform
Recognising the opportunity to create a customer-centric home and land business, we founded Clearstate in 2014 and over the ensuing six years transformed it into a leading property development company specialising in land subdivision, ultimately delivering 600 land lots over 14 projects around Australia.
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Clearstate employed 15 staff, was recognised as the 3rd Fastest Starting Company in Australia (2017 AFR Fast Starters) and consisted of over 40 SPV's. The real learning, however, came through the receivership in 2021, that ultimately resulted in the business being divested, and importantly, all creditors being repaid their capital.
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Not many websites talk about the deals that don't go well - the lessons in these events, however, are the ones that define us. Having pragmatically worked through this incredibly challenging time, we’ve developed a network and mindset that positions Merano well to support founders and financiers through complex and distressed situations.
Schofield, NSW – Property Development​
Joint venture in a 128 residential apartment development.