Eduard Litver buys retail slice of Cosmopolitan Centre, Double Bay

A company lead by Sydney developer Eduard Litver has acquired the retail-component of the Cosmopolitan Centre Double Bay from Stamford Group.

Litver plans to adapt the leasehold island precinct as a "sophisticated, world-class venue reminiscent of its indulgent past with a modern twist".

Litver is an active property investor, developer and has been a Double Bay resident for over 25 years.

He has been involved in numerous developments, including Pacific Bondi Beach, which won several national architectural and design awards.

Litver is confident that the Cosmopolitan will be "reborn".

Savills Retail Investments' Steven Lerche brokered the deal.

Litver was last in the news when he bought a Bellevue Hill property, Sundorne which he now plans demolition and the building of three houses.