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Frasers Centrepoint’s AUD520 Million Australian Development Gets Green Light
Daily Bulletin | 06 October 2015
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Frasers Centrepoint’s wholly-owned subsidiary, Frasers Property Australia and joint venture Sekisui House Australia have been given the green light for DUO, an AUD520 million two-tower, mixed used project in the AUD2 billion Central Park development.

DUO has an estimated end value of AUD520 million, comprising AUD350 million in residential apartments, AUD120 million 300-room hotel and AUD50 million in retail commercial and child care uses.

DUO will not only be a significant development for the Central Park community, but also for the precinct of Sydney’s southern CBD. DUO is set to be launched into the market in late November with registrations of interest currently being taken.

Frasers Property  1.760 +0.030 +1.73%   
Business: Co is an integrated real estate player. [FY16 Turnover] Properties Strategic Business Units (SBU) (86.4%), International Business (13.6%).

Insight: Aug-18, 9M18 revenue decreased by 4.3% while net p... Read More

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