Billbergia sells Arncliffe Central retail podium
Billbergia has sold the retail podium at its $253 million Arncliffe Central development in Sydney’s south
The 3,718 square metre component at 161-173 Princes Highway, Arncliffe, fetched $37 million or $9950 per sqm.
It is configured with 25 tenancies.
The investment was marketed for its potential to accommodate a supermarket and grocery retail, food and beverage and medical services, with traditional specialty retail.
There are also 78 car parks.
Arncliffe Central
Billbergia is delivering Arncliffe Central with the NSW Land and Housing Corporation and Evolve Housing (continues below).
The wider project comprises 806 apartments in four towers – 196 social housing dwellings, 204 private market apartments and 406 affordable homes.
Plans also include a 4,000 sqm park, a library and community centre.
The development was approved as a State Significant Development in August 2022.
Arncliffe is about 10 kilometres from town.
More to come.
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