- Wel.Co will develop a 220-hectare master-planned community in Gawler, South Australia
- With ten other developments under way, this is the company's first move into SA
- Springwood is a 2,000-lot development, and will be home to 6,000 residents
National development company Wel.Co will develop a 220-hectare master-planned community (Springwood), located in Gawler, South Australia.
The transaction represents Wel.Co’s first move into the South Australian market, and their tenth residential/commercial project under development across Australia.
Founder and managing director of Wel.Co, Andrew Welsh, said strong investment and population growth in the northern region, paired with the high-quality of the Springwood offering were key factors influencing the decision to secure the land.
“Off the back of significant investment and jobs growth in sectors like health, defence and technology in Adelaide’s north, there is now an increasing demand for high-quality homes and amenities.
“Springwood is exactly the type of community we’re passionate about … [it’s] carefully planned, it’s liveable and it’s well-connected, and clearly setting the benchmark for other developments in Adelaide’s north.”
Andrew Welsh, Founder and MD, Wel.Co
The Wel.Co team has more than 50 years’ in delivering residential, commercial/retail and mixed use developments across Australia.
The development should provide hundreds of jobs and homes for the local community, and will “cement its place as the best development in Adelaide’s north,” said Mr Welsh.
Situated on 220ha in Gawler, Springwood is a 2,000-lot development that will be home to 6,000 residents upon completion.
This transaction follows a series of announcements for the Springwood development, including the opening of the Gawler East Link Road and the $20m Springwood Place retail precinct featuring a Drakes Supermarket due for completion in late 2022.