1 Connie Way, Thornlands

Borrower: Tomsoner Pty Ltd
GPS loan amount: $21,859,300
LVR:  69.99%
Maturity Date: September 2027

Located at 1 Connie Way in Thornlands, this project comprises 28 residential villas delivered across two stages. Each home features a modern four-bedroom layout with quality finishes, supported by civil and building works scheduled to begin from October 2025.

The development is backed by an experienced delivery team and follows a conservative gearing structure consistent with GPS’s lending approach. Stage 1 includes the completion of the first 15 villas, with the remaining 13 to be finished from lock-up in Stage 2 to support efficient cashflow management.