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Anka Property Group sells prime development site in Sydney’s Edgecliff to Lendlease

Property & Development
Arnold Bloch Leibler Anka Property Group sells prime development site in Sydneys Edgecliff to Lendlease article 2

Arnold Bloch Leibler has acted for Anka Property Group in the sale of their strategic site in Sydney’s Edgecliff, enabling the development of a $500 million mixed-use site by Lendlease.

As reported in the Australian Financial Review, the 1,746-square-metre site located at 1 Darling Point Road is poised for substantial development, with plans for a 46-metre-high mixed-use project, potentially reaching 60 metres and an affordable housing component.

The site located opposite the Edgecliff Centre shopping centre and train station adds significant value to the development potential. Anka Property Group’s director Vera Boyarsky explains: “the sale’s a great risk-adjusted return for us. It was high benchmark for the value of other holdings in the area, of which we have a few.”

The team advising on the sale included Property & Development partner Gia Cari and senior associate Ben Chahoud, along with Banking & Finance partner Nathan Briner and lawyer Anna Chen Fang.

Read coverage in the Australian Financial Review here.

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