Phoenix saw an opportunity to take advantage of pent-up demand for
boutique high-quality apartments in sought-after inner-city areas
caused by affordability concerns from high house prices and
downsizers being incentivized to sell down.
This is a preferred equity platform investment into smaller scale
or boutique residential developments located in inner Sydney and
coastal areas in Australia that have strong owner-occupier demand
and low supply.
The development consists of 6 assets which are all DA approved,
including:
- Rodbrough, Crows Nest
- Northcote Street, Narembum
-
Grosvenor Street, Neutral Bay
- 7-11 Spit Road, Mosman
-
2 Sutherland Street, Cremorne
-
7-11 Premier Street, Neutral Bay
Investments by the platform follow a set of guidelines on the
asset characteristics, for example: residential or mixed use, low
to medium density structure accommodating circa 10-50 units,
medium or high-end finishes for end-users, etc.
