** Shares of Cedar Woods Properties  CWP.AX  rise as much as
1.7% to A$6.48, their highest since Dec. 17
    ** The real estate development co says it has acquired a 21
ha site in Melbourne's north for A$30 mln ($23.31 mln)
 urn:newsml:reuters.com:*:nASN000PMJ
    ** Says additional land is adjacent to co's existing Mason
Quarter project in Wollert, where combined project will
accommodate a community of around 800 lots plus two school sites
    ** Expects this additional Wollert landholding to contribute
to earnings by FY23
    ** Stock set for third straight day of gains 
    ** Stock fell 20.4% in 2020  


($1 = 1.2870 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))