Perth development worth $100m
Pindan Capital has released plans for a 214-apartment project with a sales value of $100 million in East Perth.
Scott Davison, Pindan Capital’s funds management general manager said they acquired the 4882m² site in November and are looking for investors to finance the construction of the nine-storey complex, open deck pool and ground-floor commercial space. He said development approval was expected during the first quarter ahead of marketing and the start of construction in mid-2015.
The complex will have studio, one and two-bedroom apartments and will be built by Pindan’s construction arm.
Meanwhile, also in Perth in Inglewood, Sirona Capital and developer Luke Saraceni are expanding their development partnership with a 91-apartment development worth $55 million located on the IGA supermarket site on the corner of Beaufort Street and Tenth Avenue.
