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Foreigner investor buys development site for $68m
Transactions - SEPTEMBER 27, 2021

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Foreigner investor buys development site for $68m

by Andrea Zander

Hong Kong property group Top Spring has paid A$94 million ($68.2 million) for the Double Bay Plaza in Sydney, with plans to go through with the approved mixed-use development.

The project will include 18 apartments including three penthouses across five levels as well as ground floor commercial and retail space.

Construction is expected to start in the middle of 2022.

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