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Fridcorp buys out Wingate's 50pc share of $700m Hurstville site

Nila Sweeney
Nila SweeneyReporter

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Melbourne-based developer Fridcorp has acquired the remaining 50 per cent share of a $700 million mixed-use project from its partner Wingate for an undisclosed amount to fully own the proposed four-tower "Beyond" development in Hurstville in Sydney's south.

The developer said it had secured unconditional funding in excess of $300 million from a Hong Kong-based financier to buy out Wingate and complete the development at 93 Forest Road by 2021.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/fridcorp-buys-out-wingate-s-50pc-share-of-700m-hurstville-site-20200128-p53vds