$2 Billion Central Park Unveiled, Sydney

Sydney CUB Brewery Redevelopment, BroadwayTHE $2 billion redevelopment of Broadway’s former Carlton & United Brewery site, in Sydney, will begin “immediately”.

The NSW Planning Department approved the project, Central Park, which spreads 5.8 hectares and will include apartments, commercial and a retail precinct.

Frasers Property Australia, headed by Singapore property developer Stanley Quek, paid $208 million for the site in July 2007, spending the subsequent 18 months getting concept plans approved.

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