Avenor acknowledges all Aboriginal and Torres Strait Islander peoples, the Traditional Custodians of the lands on which we work. We recognise their continuing connection to Country and pay our respects to Elders past, present and emerging.
North Sydney NSW
Project Value:
$500 million
Size:
4,000sqm
Yield:
280 apartments (30 storeys)
Status:
On-Sold 2021
Planning:
Urbis
Location:
East Walker Street, North Sydney
Project Partners:
Oxley Holdings Limited (Singapore)
Avenor identified the East Walker Street project as an off-market development opportunity in its own capacity. Having worked with listed Singaporean investor, Oxley Holdings, on the tender for the White Bay Innovation Precinct, Avenor introduced Oxley to the East Walker Street opportunity as a prospective investment partner.
Oxley and Avenor entered a holistic Development Agreement under which Avenor autonomously drove the entire project. Avenor identified that the fragmented 3 storey walk up unit blocks could together form the largest high density residential site in the North Sydney CBD, 200m from the Victoria Cross Metro Station. Avenor managed the capital, amalgamation and acquisition, planning, design, consultant procurements, stakeholder agreement, feasibility and financial modelling, investment and asset management, marketing and sale.
Through careful community consultation to identify key urban design drivers, and subsequent stakeholder management with local and state government, Avenor secured planning approval to increase the height limit from 3 storeys to 30 storeys.
The design showcases best-in-class contemporary apartment living with panoramic views of Sydney Harbour and the Sydney Opera House. Avenor tailored the project plan and transaction structure to maintain flexibility for our client, which allowed the strategic divestment of the asset prior to construction in light of residential market and debt market forecasts.
Development
Site Identification
Acquisition & Amalgamation
Design & Planning
Stakeholder Management
Procurement & Budget Management
PCG Reporting & Investor Approvals
Investment & Asset Management
Feasibility & Investment Modelling
Capital Management
Investment Management
Asset Management
Debt Raising & Management
Divestment Management
“This project is right in the sweet spot of the Avenor playbook – a creative, structured acquisition that brings simplicity and life to a complex puzzle.”
James Paver
Co-founder & Executive Director
20.08.22
Avenor Group keeps its Privacy Policy under regular review and places any updates on this website. If you do not agree with this Policy, do not access or use our services or interact with any other aspect of Avenor Group.
This privacy policy applies to visitors and users of this website and our other websites, access or use of our services or interactions with any other aspect of Avenor Group (ABN 52 890 769 976).
This Policy is intended to help you understand:
Nullam vel sapien tempus, accumsan eros a, dictum mi. Interdum et malesuada fames ac ante ipsum primis in faucibus. Pellentesque metus leo, pharetra ut sapien quis, consequat blandit tortor. Ut felis erat, posuere sit amet venenatis ut, posuere id libero. Ut id ante non nibh elementum volutpat. Maecenas quis nibh lacus. Cras euismod, erat ac cursus blandit, lectus nibh porta nulla, in eleifend turpis ex euismod nunc.
Interdum et malesuada fames ac ante ipsum primis in faucibus. Fusce ullamcorper libero ut mollis tincidunt. Nam pulvinar auctor orci, id efficitur massa pretium eget. Donec lacus enim, eleifend vitae mauris in, sagittis dignissim risus. Aenean quis dignissim arcu. Phasellus massa nulla, convallis ac velit vitae, vulputate tempus massa. Nam scelerisque fringilla arcu, molestie fermentum mauris ultrices nec. Nam euismod nisl sapien, et laoreet purus fringilla a.
