Location

Project Stage

Completed

Owner / Developer

Site Description

Norbrik Drive, Norwest Business park, Sydney


8.2 Ha Site with B7 Business Park zoning.
Hotel Project Leased to Quest, with Retail shops.
GRV “as if complete” $36 million CBRE Dec-2014.


Hotel/Serviced apartment building with 91 rooms. The broader 8.2 Ha Site was subdivided into 3 Lots. “Lot 3” achieved DA Approval for a 9-story Hotel/ Serviced Apartments with 147 rooms, and a Lease Agreement was executed Quest Hotels. The Project included a Retail component, with the entire completed built project was sold in one-line as an income-generating asset to Kingsmede Property in 2016. The other two subdivided lots were sold.

Completion Date

GRV / RE Appraisal