Feb 24 2017Add to Favorites
Carolyn Cummins, The Sydney Morning Herald
An 18-storey, DA-approved, 160-apartment site in the heart of Blacktown has been listed for joint venture or sale. The development, by Austcorp Property Group, is known as First on First – a reference to its First Avenue address – 2-6 First Avenue. The sale/joint venture process is being handled by CBRE and Matrix Property Group. First on First features three street frontages and is next to Blacktown Station and close to Westpoint Shopping Mall and Blacktown Hospital.
First On First comes to market after the sale of a Blacktown Council site next door for more than $22 million. The site was sold with a 12-month deferred settlement, and featured a yet to be approved design concept for a circa-200 apartment project plus commercial.
SOURCE: The Sydney Morning Herald
Residential developer Legacy Property is set to commence a syndicated equity raise for its 7thand final stage of Caddens Hill, with minimum investment amounts starting at $250,000, targeting 17.5% investment return over the twelve-month construction period.
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