acacia 200"Business Insider" reports Sydney property developer Robert Itaoui is preparing to sell his first cemetery after five years’ work and “early millions” of dollars in investment.

Itaoui last month began seeking expressions of interest for his company Zinnia Group’s 10-hectare burial park in Bringelly in Sydney’s south west. The site could be operational as early as 2015.

Zinnia Group is looking to sell the so-called Acacia Remembrance Sanctuary to an operator who will manage some 19,212 burial plots and 25,100 ash internments, a cafe, catering facilities, venue hire and funeral services to reap potential earnings of $250 million over 25 years.

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