Crown International Holdings Group Pays $27 Million For North Sydney Development Site

CROWN International Holdings Group has paid $27 million for a North Sydney development site with plans and permits for a 180-unit apartment complex.

The 1600 square metre site at 211 – 223 Pacific Highway will be added to the portfolio of the Sydney-based builder, which according to the AFR, controls some $1 billion worth of apartments in local developments in Parramatta, Rhodes and above the Top Ryde City shopping centre in Ryde.

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New Residential Development Set For Pemulwuy, Sydney

PEMULWUY, in Sydney’s outer west, is set to see a new residential development, soon, after a builder paid $5.86 million for a 6942 square metre development site known as Lot 4002, Lakewood Estate 4B. The site was sold with development approval for 71 one-bedroom flats, and 12-three bedroom units.  According to The Australian, which reported

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10 Wylde Street, Potts Point, Sells for $17-$20 Million

A POTTS Point residential development site has sold for between $17 and $20 million.

The property at 10 Wylde Street, is a hotel, but was to have become a luxury residential development.

Before the economic downturn a penthouse apartment in the proposed $70 million complex reportedly sold for a speculated $20 million before “falling through” after the publicity died down.

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Toga Group Buys Kings Cross Hotel for $16.75 Million

THE Mansions hotel, in Sydney’s inner-city Kings Cross, has sold to developer Toga Group for $16.75 million.

The property, which currently trades as a pub, is expected to be converted into an apartment complex. Toga purchased the site on terms subject to this redevelopment being approved. The Mansions soars five levels. It was one of the last controlled by the Landmark Leisure Group which went into receivership in 2009.

Other sites owned by LLG included the Vegas Hotel, which like The Mansions is also in Kings Cross. Other assets include Darlingsford’s Oxford Hotel and the peakhurst Inn.

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Bondi Apartment Complex Could Fetch $25 Million

A SOUTH African investor is set to reap between $17 million and $25 million, from the sale of an entire apartment block on Bondi Beach, in Sydney’s ritzy east.

The complex at 105 Ramsgate Avenue includes 10 apartments, and the only “boathouse” on Bondi Beach – a small cupboard effectively, big enough for a kayak sized vessel.

The vendor, businessman and developer Neill Miller, is selling the block after obtaining a permit to build three luxury apartments on the site.

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Union NSW Sells Currawong Beach Property, Sydney, For $11 Million

A HISTORIC property in Currawong Beach, on Sydney’s northern beaches, has sold for $11 million. Eco Villages Australia, owned by developers Eduard Litver and Allen Linz, purchased the estate (images, right) from Union NSW. The union purchased the property in 1949 for holidaying workers, according to the AFR which reported the sale.  

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Residential Development Site Sells For $5.57 Million, Dundas Valley, Sydney

AN UNDISCLOSED developer has paid $5.57 million for a 13,023 square metre development site on the northern side of Kissing Point Road and Stewart Street in Dundas Valley, Sydney. Part of the property was sold with a permit for a 40-unit townhouse project with 79 car spaces. Jones Lang LaSalle sold the Dundas Valley site

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