Desane Group Holdings Ltd. (ASX:DGH) agreed to acquire prime 1.2ha development site at Penrith from UrbanGrowth NSW Development Corporation for AUD 3.9 million on November 21, 2016. The transaction is expected to close in January 2017. Paul McGlynn of Colliers International and Matthew Neale of Macquarie Commercial acted as real estate advisor in the transaction. Desane Group Holdings Ltd. (ASX:DGH) completed the acquisition of prime 1.2ha development site at Penrith from UrbanGrowth NSW Development Corporation on January 23, 2017.