MTAA Super has entered a $95 million agreement with national residential land specialist Peet, Global Pensions reports. As per the deal, the Australian super fund will partner with Peet to complete the development of Flagstone City in Queensland. The system has sold half of its share to the Perth-based real estate developer for $45 million. Peet will be the development manager of Flagstone West and also manage the adjacent Flagstone East, adds Perth Now.
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