Property Description

Harry Triguboff, Australia’s largest developer of apartments, is poised to again exhibit his passion for the Sydney suburb of Mascot by releasing a new four-tower project, Spectrum.

Apartments in the 42 Church Avenue project received DA approval last week from the Sydney Control Planning Panel and will launch its sales campaign next month, a move that comes as Mr Triguboff’s Meriton group has three other Mascot projects under way.

Last year Meriton completed the four-tower Mascot Central, a project that included the biggest retail-dining precinct undertaken by the 54-year-old group.

Mr Triguboff yesterday said that Mascot, because of its enviable location within easy reach of the Sydney CBD and the airport, was a development gem.

“Meriton first put a toe in the Mascot water way back in 2014 and I’ve become increasingly bullish about Mascot on the back of our successes there.

“It’s a prime target for owner-occupiers and investors and is a hotspot with renters.

“We have set out to improve the suburb’s lustre and vibrancy by offering people a lifestyle rather than just apartments in which to eat and sleep and Spectrum takes us even further down that path.

“The major shopping and dining precinct that we’ve added to Mascot will be just across the street for Spectrum residents.”

Spectrum will have 347 large upmarket apartments spread across four buildings of up to 13 levels and is to be built on a 1.11-hectare site bought for $75 million in 2014.