Harry Triguboff buys Lane Cove service station with tower approval

Meriton Boss Harry Triguboff has spent $39 million on a Sydney service station with plans to build a $300 million residential tower development.

The veteran developer has bought 150 Epping Road in Lane Cove from Bob Rose’s Rose Group, which received development approval for the site in August last year.

The site is approved for a concept plan of approximately 440 apartments with buildings ranging from six to 20 storeys, with 645 car spaces, 1,500 square metres of commercial and retail space and a 1850-square-metre community centre. The plans (pictured below) were designed by Conybeare Morrison.

Note: the image above depicts a 26-storey tower, but amended plans suggest the tower will be 20 storeys. 

The site is in bushland within 2.5 kilometres of Lane Cove Village.

The 31,000-square-metre site (pictured below) is leased to Shell until July this year.

The Australian reports Triguboff likes the area, in Sydney’s inner north, because it is close to major employers and it’s popular with Chinese buyers.

The sale was negotiated by CBRE’s Matthew Ramsay and Scott Gray-Spencer.

Rose Group bought the site in 1994 for $12 million, according to RP Data.