12 November 2024

Aqualand invites wholesale investment in its new venture, Aqualand Prestige

Aqualand Group, has recently launched its latest venture, Aqualand Prestige, which is offering wholesale investors, institutional funds and private investors, the opportunity to invest in its dedicated project portfolio. 

Aqualand Prestige will leverage the expertise and resources of Aqualand Group’s established divisions, including its development arm – Aqualand Projects, construction arm – Aqualand Construction, project sales and marketing arm, and investment arm – AL Capital, to create value for investors through the delivery of its own portfolio of medium-scale, high-end boutique projects. 

The investment funds raised will be directed into AL Capital’s newly established management fund, which is tailored specifically for wholesale investors. 

Aqualand Prestige’s future project portfolio already includes three key sites, 51 – 55 Archer Street, Chatswood, 2 & 4 Larkin Street in Roseville and 1, 3 & 5 Pockley Avenue in Roseville, the sales of which have recently exchanged. 

Preliminary plans for the Chatwood site include a 35-storey, mixed-use, 117-metre-high residential tower with 24 whole-floor apartments, with an estimated gross realisation value of $270M. A design competition for this project is expected to be announced early next year. 

The two Roseville sites are earmarked for a medium-density apartment development, with a combined gross floor area close to 33,000sqm. 

All three projects, along with future developments in the Aqualand Prestige pipeline, will be executed by Aqualand Group’s in-house divisions. 

Jin Lin, Managing Director, Aqualand Group, said the launch of Aqualand Prestige perfectly coincides with Aqualand’s tenth anniversary this year. 

“I see the launch of Aqualand Prestige as the culmination of Aqualand’s decade of growth. During the delivery of our five completed projects, which include the urban renewal of a significant heritage listed building, The REVY, and a tired commercial tower, BLUE at Lavender Bay, to the recent completion of our $1B 28-storey mixed-use North Sydney tower, AURA by Aqualand, we’ve gained invaluable experience on the way. Not to mention during the current planning phases of our two North Sydney build-to-rent towers, and of course the state-significant Central Barangaroo project. 

“Aqualand Prestige will offer the exciting opportunity for investors to leverage the considerable expertise our teams have garnered during the delivery of these landmark projects, but in a dedicated new pipeline of more boutique-scale luxury residential buildings. 

“Being slightly smaller in scale, the development process of these projects, from initial planning and approvals to construction completion and sales settlements, should be a significantly faster process, thereby providing investor returns sooner.  

“We’ve quickly become renowned for our architectural merit, and commitment to quality and innovation. With Aqualand Prestige, we’ll continue to provide luxury residences that elevate the lifestyle of our clients in every way. Our focus remains unchanged; however, this new arm allows investors to benefit from this commitment too,” said Jin. 

Wayne Xiong, Executive Director, Aqualand Prestige said his vision for the division is to deliver market leading returns for investors through the delivery of medium-density projects that redefine suburban living.  

“Aqualand Group’s venture into this new business model wouldn’t be feasible without our strong track record of delivering market-leading projects that have delivered premium lifestyles for our clients, while transforming their entire precincts for the benefit of the broader community. 

“We’re sure that savvy investors will see the value of this unique opportunity to invest in our expertise. It’s an exciting time for us, as Aqualand Prestige marks the group’s next chapter in our significant growth over the past decade,” added Wayne.  

Interested potential parties are invited to contact Wayne Xiong on enquire@aqualandprestige.com.au for investor information. In the new year, Aqualand Prestige plans to host a number of small investor events, where the company will introduce project plans and the vision for Aqualand Prestige.  

Discover Aqualand Prestige