Develotek list Chatswood site with $250 million hopes

Develotek list Chatswood site with $250 million hopes
Develotek list Chatswood site with $250 million hopes

The Sydney developer Develotek is selling a 5420sq m Chatswood site with $250 million hopes.

The site includes houses at 51-61 Archer Street, 30-32A Bertram Street and 34 Albert Avenue.

Knight Frank are handling second-round expressions of interest, with a likely deal to be closed by January, according to Fairfax Media.

It is being marketed as "The Bertram", with the prospect of 400 apartments in a 90-metre tower. There is a heritage cottage which will be restored.

Develotek, which has a history of door-knocking owners of private properties to put together large residential sites, amalgamated 38 properties in 2015 for a proposed 700 apartments at Granville.

It is understood Develotek has options over the privately owned Chatswood properties, eight houses and 12 townhouses.

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Chatswood Residential Site

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