Canterbury Road, Campsie site sold to China's Hailiang Group

Canterbury Road, Campsie site sold to China's Hailiang Group
Jonathan ChancellorJanuary 26, 2015

The Chinese industrialist, Feng Hailiang has spent $34 million on a large residential development site at Campsie in Sydney’s inner south-west.

Hailiang Group bought the 4,416 square metre Robbo's Retail site at 445-453 Canterbury Road.

The Australian reported the company plans a $70 million mixed-use development with 200 plus units and commercial and retail spaces.

Hailiang, China’s 90th richest man according to Forbes, is reportedly worth US$1.7 billion (A$2.14 billion).

Hailiang Group is one of China’s largest copper tubing and alloy manufacturers.

It has expanded into real estate development seeing the Australian property market as "thriving".

The Campsie development is to be financed through a capital raising and new debt.

Council considerations in 2013 suggested a height limit of 25 metres. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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