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Old 05-07-2019, 11:09 AM
5 posts, read 1,666 times
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Does anyone have experience with a land bank called Drapac? They’re Australian, owned by Sebastian Drapac and have a subsidiary called St. Bourke that manages their properties. They’ve purchased several defunct subdivision last in and around Atlanta but as far as I know, they don’t do anything with them. I’m interested in some lots in one of their properties but am not certain what their intentions are as far as selling lots, building in them, or what? Is anyone familiar with what a land bank does? Do you have any firsthand knowledge of Drapac or St. Bourke? Thanks.
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Old 05-07-2019, 03:31 PM
Location: Duluth, GA
1,319 posts, read 1,079,198 times
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A quick google search turns up an article from last summer.


It looks like they bought up foreclosed land in the wake of 2008 [50 Ivan Allen Jr Blvd, for instance], and are speculating on developers buying prime land.
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