Herald Apartments

Address: Bolton & King Streets, Newcastle
Project Value upon completion: $80m
Construction Value: $45m
No of Apartments: 116 apartments and 3 commercial suites
Type: Residential/ Commercial
Awards:

  • UDIA NSW’s Excellence in NSW Regions Award
  • Master Builders Association of NSW award 2020 'Apartment Developments Over $20 Million'

Herald Apartments | Newcastle

Stronach Property has entered into a Joint Venture with EG Funds, a leading real estate fund manager founded in 2000 with over $2.4 billion in assets under management.  A Stronach Joint Venture acquired a 60% stake in the development on 1 March 2017.

The development comprises of 116 apartments and a commercial building within the Ex Newcastle Herald sandstone building together with basement car parking. Construction  commenced in February 2017 with the builder being Richard Crookes Constructions. All apartments were sold by March 2017 after a successful pre-sales campaign which commenced in August 2016. The commercial suites were released and sold in mid-2017.

The project was completed in April 2019.

Articles:
-EG keeps development local with new partnership
-EGs Herald apartments win award for excellence in NSW regions
-EG welcomes residents to the herald apartments community
-The herald apartments one of the last large developments in Newcastle's East End
-Recognition for new life

Stronach Property Involvement

- Joint Venture Deal Origination and Negotiation
- Joint Venture Design Development and Construction Contractor Negotiation
- Marketing and Sales Management
- Funding Sourcing