New $350M Morphettville Racecourse Development for Adelaide

Developer Villawood and super fund Hostplus have secured approval to redevelop land surrounding the Morphettville Racecourse in Adelaide with a project value of $350 million. The project will draw a number of similarities to the $2 billion redevelopment of Moonee Valley Racecourse. Hostplus co-invested in Melbourne’s Moonee Valley Racecourse redevelopment with ISPT and Hamton. The Morphettville Racecourse project will be…