Putney Wharf Residences secures $140 million in apartment sales in two hours

The waterfront masterpiece, Putney Wharf Residences has achieved a resounding sales result securing $140 million in apartment sales in two hours over the weekend. Stage One comprising 34 apartments is expected to sell out in the coming days. 

CBRE Residential Project’s senior director Tim Rees confirmed this was an expected result due to the uniqueness of the project, the prime waterfront location, and the overwhelming level of interest with over 3,000 registrations for interest received in the lead up to the launch of sales, with local downsizers not wanting to miss out on securing an outstanding waterfront, lifestyle purchase.

Tim remarked the team had received such a strong response holding over 200 appointments on the weekend prior to launch of sales. 

“We were undertaking appointments from 7.30am to 6pm both Saturday and Sunday last weekend," he said.

"The local market has fully embraced this project and they understand the intrinsic value of waterfront property and its iconic nature.

“It’s a once-in-a-lifetime purchase, and with only 67 residences available, these properties will not last long.

“We also saw remarkably strong interest in the marina berths with multiple berths selling with apartments to boat owners," Tim added. 

"Berths are in short supply in Sydney Harbour and in particular luxury apartments with their own private marina. 

"It was clear the project had piqued the interest of Sydney’s boating community.”

Being developed in joint venture between leading property developers, Abadeen Group and PERIFA, along with their partners Phoenix Property Investors and Mitsubishi Estate Asia, the precinct offers a mix of 67 luxury apartments and townhouses complemented by sophisticated waterfront dining and retail along with a 36-berth marina. 

Boasting a 300-metre waterfrontage housing the historic former Halvorsen’s Boatshed, Putney Wharf Residences will offer a premium, lifestyle-oriented, mixed-use wharf precinct, inspired by Sydney’s other popular heritage wharves including Woolloomooloo and Walsh Bay. The project will offer a mix of three- and four-storey townhouses and apartments comprising heritage components, including original timber beams and other preserved materials, creating stunning character-rich interiors with a nod to the boating history of the site.

Featuring distinctive designs by acclaimed local Sydney architects, SJB, in close collaboration with Heritage Consultants, Curio Projects and landscape architects, Dangar Barin Smith, Putney Wharf Residences offers three residential components:

1. The Halvorsen’s. A full restoration of the heritage-listed Halvorsen’s Boatshed, comprising 19 oversized apartments (consisting of 17 three-bedrooms and 2 four-bedroom residences).
2. Waterview Terraces. Located on Waterview Street comprising 18 three-storey, four-bedroom terraces.
3. The Residences at Putney Wharf. Consisting of 2 new-build three-storey apartment buildings, offering 30 apartments; a mix of two-bedrooms and three-bedroom apartments.

As part of Stage One, properties were priced starting from approximately $2.3 million for two-bedroom apartments, from approximately $3.8 million for three-bedroom apartments and from approximately $4.5 million for a three-bedroom terrace. Stage Two launch of sales is likely to be released to market in 2025.

The development will also deliver a well-planned and spacious 213 sqm four-bedroom penthouse within the heritage-restored Boatshed Apartments complex capturing uninterrupted, 180-degree, panoramic harbour views.

Alleviating the shortage of marina berths in Sydney Harbour, Putney Wharf’s 36-berth marina has now received DA approval, set to hold strong appeal to boat owners. The berths will provide accommodation for boats sized 12 to 18 metres.

Abadeen Group’s managing director Justin Brown said the JV team is delighted with the strong sales result securing $120 million in a remarkable two hours.

“The overall resounding response from the local community is one of excitement and anticipation of what’s to come and the sophisticated lifestyle offering at Putney Wharf," he said.

"It will become a new destination for locals to enjoy – a complete revival of this secret pocket of Sydney waterfront.”

PERIFA’s managing director Fabrizio Perilli commented: “Putney is a hidden harbourside gem, and Putney Wharf Residences offers an extraordinary opportunity to transform this rare waterfront site into a premium mixed-use lifestyle precinct. 

"Our remarkable sales result indicates Sydney’s appetite for waterfront living remains as strong as ever.”

Construction is due to commence in Q1 2025 with the project expected to be completed by 2027.

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