Jeff Xu buys in Sydney's Waterloo and looks at Double Bay site

Jeff Xu buys in Sydney's Waterloo and looks at Double Bay site
Jeff Xu buys in Sydney's Waterloo and looks at Double Bay site

Jeff Xu's Golden Age Group has spent $35.5 million with joint venture partner Tim Price's Time & Place to secure a site in Sydney’s Waterloo.

Golden Age advised this week it had purchased its second Sydney development site, a 5038-square-metre block in Waterloo in an off-market transaction.

The site was previously owned by Becton, coming with development approval for an eight-level building with 143 apartments, retail space and childcare on the ground floor.

The partners expect it to launch in August.

Golden Age has an office tower at 85 Harrington Street in The Rocks in Sydney, which will be knocked down to make way for nine levels of luxury apartments.

At the same time, the group is running the ruler over two other Sydney sites.

"We are looking at another one in Double Bay and one in the Sydney CBD which faces onto a park," Jeff Xu told Fairfax Media.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?