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Sharjah24
Arad secures initial planning approval in southwest Sydney
Arad, the Emirati real estate developer, has approved the development of the "London Place" residential project in Sydney, Australia. The project consists of a 33-story residential tower with 156 units, including 18 units designated as affordable housing. Located in the vibrant Campsie area, the development offers a variety of units ranging from two-bedroom apartments to three and four-bedroom units, as well as penthouses. It will feature comprehensive amenities such as a gym, swimming pool, and sauna. The investment value is estimated at 560 million dirhams, with construction expected to commence in the second quarter of 2027 and complete by the end of 2029. This project also marks Arad's initial expansion into Australia as part of a plan to develop five projects in the region. It aligns with the urban transformation shaping the Campsie area, which is soon to welcome a metro station providing access to Sydney city center in less than 20 minutes.
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