This article is from the Australian Property Journal archive
AQUALAND has received approval for its mixed-use development at 168 Walker St North Sydney.
The Joint Regional Planning Panel has given the green light for four interconnected ‘tower pods’ that vary in height from 22 up to 28 storeys, which will comprise 415 apartments. Aqualand bought the property in June last year for $157.5 million and there is currently a building on site with a 94% occupancy and a WALE of 3.5 years.
“We are excited by the opportunity to create a new signature landmark in North Sydney and bring a level of luxury living never seen before to the vibrant city location,” Aqualand general manager Nick Tobin said.
“Over the next few years this will become one of Sydney’s most sought after address for a broad mix of residents looking for the best in apartment living,” he added.
In recommending the development application to the Joint Regional Planning Panel, the North Sydney Council report said, “The proposal is considered to be a well-reasoned and an appropriate response to the constraints of the site. The result will be a high quality building with additional benefits for the general community and may well be considered iconic in the future.”
Aqualand continues to ramp up its expansion. This week the group acquired a 13,215 sqm office and warehouse property at 40 Talavera Rd Macquarie in Sydney’s north shore for $54 million, and it has plans to develop a mixed-use project.
Australian Property Journal
