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Australian asset manager and developer People Purpose Time is entering Sydney's residential market with The Prescott, a boutique project at 24-28 Middle Harbour Road in Lindfield. The development marks the company's flagship Sydney launch.
10:04 PMPropertymarkets News
Stonebridge Property Group has sold a newly established Guzman y Gomez drive-thru in Thornleigh for $12.275 million. The transaction is described as a record sale for the asset type in Sydney's Upper North Shore.
9:50 PMPropertymarkets NewsSummary
Australian asset manager and developer People Purpose Time is entering Sydney's residential market with The Prescott, a boutique project at 24-28 Middle Harbour Road in Lindfield. The development marks the company's flagship Sydney launch.
The entry adds a new developer to Sydney's established residential market, with a boutique project
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A new entrant's flagship project provides a test of demand for boutique residential supply in Sydney's established suburbs.
Summary
Stonebridge Property Group has sold a newly established Guzman y Gomez drive-thru in Thornleigh for $12.275 million. The transaction is described as a record sale for the asset type in Sydney's Upper North Shore.
The price sets a high benchmark for newly built drive-thru assets in a well-established Sydney
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The sale signals strong investor appetite for defensive convenience retail and establishes a benchmark for comparable Sydney assets.
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