- Desane Group has completed its $21 million purchase for a property in New South Wales
- The company aims to build a 46 residential apartment building and has recently received development approval
- The property is located in 5 kilometres from Sydney’s CBD and is a 200 metre walk from Hawthorne train station
- Desane remains steady on the market today and is selling shares for $1.50 apiece
Desane Group Holdings has completed its $21 million purchase for a property in New South Wales.
Desane aims to build a 46 residential apartment building, which is located 5 kilometres from Sydney’s CBD.
The 2,782 meters squared property is a short distance from local schools. amenities and other public services including the University of Sydney and Royal Prince Alfred Hospital.
It is located in the inner Sydney suburb of Leichhardt, on 159 Allen Street. The land is just a 200 metre walk from Hawthorne train station.
Since exchanging contracts in April 2018, the company has obtained development approval from the Inner West Council for a 46 residential apartment project.
Desane is a leading property investment and development company, based in Sydney, Australia.
The company’s focus is on creating wealth for its shareholders by specialising in property development and property investment.
Earlier this month, the company purchased an industrial property in Wacol, Brisbane for $9.5 million.
The property in Brisbane is being leased to the Brisbane City Council on a 20-year lease, with the initial 10 year term expiring in June 2022.
Desane remains steady on the Australian Securities Exchange today and is selling shares for $1.50 apiece at 3:53pm AEDT.