Sydney developer Astute Property has capitalised on strong momentum in the build-to-rent sector to sell an entire apartment development in Marrickville off-the-plan to a private investor.
The sale came just ahead of the official launch of the 43-unit development on a 1500sq m site at 265-273 Illawarra Road in the inner west suburb, which Astute purchased from the Hatziplis family for $16.7 million last year.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
