Mitsui Fudosan enters Australian property with Frasers Property JV
Frasers Property Australia has established a new capital partnership with international diversified group Mitsui Fudosan to deliver the landmark MAC Residences development at the new Midtown MacPark master planned community in Sydney.
The partnership in MAC Residences marks the first foray into the Australian property market for Mitsui Fudosan. It also aligns with Frasers Property Australia’s strategy to leverage capital partnerships to achieve its growth objectives.
MAC Residences will comprise 269 apartments across 24 stories. Designed by Bates Smart, the building is the first at Midtown MacPark and will create both a gateway and a marker for the new community with its distinctive curved form.
Approximately 91 percent of the MAC Residences apartments have been sold with demand coming from a broad cross section of buyers, including first home buyers, young families, singles and couples, downsizers, investors, and more. Completion of the building is scheduled