50-STOREY TOWER PROPOSED FOR SYDNEY TATTERSALLS
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50-STOREY TOWER PROPOSED FOR SYDNEY TATTERSALLS

Step inside the multi-million dollar, multi-function CBD redevelopment.

By Terry Christodoulou
Wed, Mar 17, 2021 9:58amGrey Clock < 1 min

The Sydney City Tattersalls Club redevelopment is moving ahead with a detailed development plan now lodged for a $762 million tower complete with hotel and upscale apartments.

The proposed 50-storey tower will house a 101-room hotel and 241 apartments, as well as the regeneration of the Club’s quarters including new retail, upgraded lower bar and grill, new restaurants, a commercial fitness centre and event spaces.

Pending approval by the City of Sydney later this year, construction will begin in 2022 with completion expected in 2026.

The project is being led by Singapore-based First Sponsor Group and local developer ICD Property, the latter brought in by the City Tattersalls Club more than five years ago.

City Tattersalls

Local architecture studio BVNis designing the site,  with heritage architects FJMT overseeing the lower-level refurbishments

“The significance of this redevelopment to our members and a CBD that is very much in need of reactivating is indescribable,” said Marcelo Veloz, group chief executive at City Tattersalls.

An earlier proposal for the site was denied by the NSW Land and Environment Court – citing heritage grounds – three years ago



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London’s Luxury Property Market Turns a Corner

After more than a year, prices have finally levelled out in prime central London, while outer London saw a small uptick in high-end prices from the previous quarter

By CASEY FARMER
Fri, Mar 29, 2024 2 min

The first quarter of the year brought some long-awaited signs of recovery in London’s luxury housing market, offering the first positive quarterly price growth since September 2022, according to a report from Savills on Wednesday.

After six consecutive quarterly price falls, luxury home prices in central London levelled out in the first three months of the year, with a 0.1% quarterly uptick in prices. The £3 million to £5 million (US$3.79 million to US$6.32 million) market saw a slightly larger increase of 0.3%.

Outer London’s luxury market saw greater quarterly price growth, with home prices up 0.8%, as some stability returned to mortgage costs and lured more buyers back to the market, according to the report.

All of this is evidence that the market is “in early stages of recovery,” according to Lucian Cook, head of residential research at Savills.

“The outlook for the housing market has certainly improved, partly because the mortgage market has recovered more quickly than expected,” Cook said in the report. “With the first rate cut rapidly coming into view and recessionary risks easing, greater stability has returned to the cost of mortgage debt, which has positively impacted domestic prime markets, where many buyers rely on borrowing, most notably in leafy outer prime South and West London, as well as the commuter belt.”

Outside of London, prices across the U.K. saw no quarterly growth heading into the beginning of the spring market, which is expected to bring higher levels of buyer activity in many regions.

Suburban regions saw prices dip just 0.1%, while urban areas—like Edinburgh and Glasgow in Scotland, and Bath and Oxford in England—saw prices increase by 0.6%.

Cook said regional buyers are more likely to be concerned about market uncertainty than London buyers in the lead up to the general election.

“As a result, buyers are still expected to be less committed until the dust has settled,” he said.

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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