This article is from the Australian Property Journal archive
PAYCE has confirmed its intentions to develop a 1,078-apartment project in Ermington, over the site of local icon Putt Putt mini-golf course.
The developer intends to construct the project over four stages over 10 years on the now-B4 Mixed Use zoned site, with the application currently in front of the Sydney West Central Planning Panel.
Payce acquired the site from Chinese developer Aqualand last year for $160 million, giving Aqualand a $30 million profit in two years of ownership of the site.
Aqualand hoardings advertising Park Avenue apartments had been erected on the site, but since blacked out.
Putt Putt will end operations on April 30, having operated at the site since 1969 and welcoming nearly four million visitors in that time. The land had previously been owned by Parramatta Council, who sold it to Aqualand without reportedly offering an alternative viable location.
Australian Property Journal
