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اقتصاد سكاي نيوز عربية
Plan for 560M AED Australian housing project
Emirati real estate development company Ard had received approval to develop a residential project in Sydney, Australia, valued at 560 million AED, reflecting its expansion into the Australian market. The "London Place" project in the Campsie suburb features a 33-story tower with 156 residential units, including 18 affordable housing units. Construction is expected to begin in the second quarter of 2027 and be completed by the fourth quarter of 2029. This initiative aligns with the company's plan to execute five projects in the region. The project represents an important step toward increasing housing supply and developing the neighborhood, especially with the upcoming opening of a metro station that will connect the area to Sydney's commercial and entertainment district. The swift regulatory approval paves the way for accelerated planning processes and underscores the company's commitment to expanding its projects in Australia, where it entered in 2024 with a portfolio of over 6,000 homes. Its total global projects amount to 171 billion AED.
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