Frasers Property Australia’s joint-venture with Sekisui House Australia has received approval for the next significant stage of its A$2 billion (S$2.04 billion) Central Park development in Sydney.
The approval was granted by the New South Wales (NSW) Department of Planning & Environment.
Dubbed as DUO, the next stage of Central Park is a A$520 million (S$524 million), two tower, mixed-use project.
Its residential component will feature 313 residential apartments comprising one-bedroom and study apartments, one-bedroom suites, two-bedders and three-bedroom dual-key units, the majority of which will located in the eastern tower.
Meanwhile, the limited range of 48 residential apartments on the western tower will be DUO’s premium offering—DUO Limited Edition—which boast an elevated position that offers uninterrupted views.
DUO will also feature ground floor retail, a 300-room hotel, a large childcare centre, 5,500 sq m of commercial space as well as the refurbished Australian hotel.
“Receiving development approval for DUO is an important milestone for the joint venture team and we are delighted that the next significant stage of Central Park is on track. This brings the completion of this fantastic Central Park development into the near horizon,” said Central Park’s project director, Mick Caddey.
DUO is slated for launch in the market in late November, while registrations of interest are currently being taken.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg.
