Harry Triguboff making Carlingford debut
DEVELOPER Harry Triguboff is taking his Meriton group on its first venture to the north-western Sydney suburb of Carlingford, buying a 2.7ha site for $68.5 million.
The property veteran, Australia’s largest developer of apartments, yesterday said he has been emboldened by the speed of the market’s recovery and jumped at the opportunity to secure a very well-connected site with loads of opportunity, “It’s taken me somewhat by surprise – we have sold over 100 apartments already this year, and momentum seems to be getting stronger with all buyer types active, so this acquisition makes perfect sense.” He remains eager to buy land and keep restocking the apartment cupboard.
The Carlingford site is at 263-273 and 277-281 Pennant Hills Road, 18kmn west of the Sydney CBD. The site will yield approximately 700 apartments, and Mr Triguboff said Meriton will redesign the site to accommodate a fresh apartment mix and sizes that align with current market expectations and to offer the local community, and of course its future residents, a lot more amenity.
“It excites me that this particular site has so much to offer and that upon completion it will deliver a new and fresh hub for this prestigious suburb. Mixed-Use developments have been very successful for us recently, and we plan on continuing the trend by incorporating a supermarket, restaurants, cafés, childcare centres and more into the new plans.” Mr. Triguboff says.
The site is minutes away from some of the most prestigious and best performing local schools, one being James Ruse Agricultural High School which for 25 years has been the No.1 school in NSW for HSC successes. Other highly rated schools nearby are The Kings School and Tara Anglican School for Girls.
The Meriton buy is extremely well-connected just metres from Carlingford Court shopping centre and also the new Carlingford Light rail due in 2023, one of the NSW Government’s latest major infrastructure projects. The line will provide residents at the Meriton development with fast access to the burgeoning Parramatta CBD.