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RESIDENTIAL PROPERTY

Aqualand celebrates first milestone

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FOUR years after its birth, Sydney-based developer Aqualand has completed its first development at Lindfield Village, in north Sydney.

Aqualand was established in 2014, and its 18-site portfolio has a gross development value of around $5 billion.

Lindfield Village is the first development completed by Aqualand and this week settled more than 50 sales. The mixed-use building includes 140 apartments in addition to a retail provision anchored by a Supamart IGA and commercial car park.

Within the coming fortnight, Aqualand anticipates to settle the remaining homes within the development.

The homes were originally marketed from February 2015 and have experienced an average capital appreciation of approximately $200,000. Many of the purchasers are first time buyers.

“This is a significant milestone in our company’s history and a moment to be truly proud of,” Aqualand head of sales and marketing Alex Adams said.

Australian Property Journal