Media

Over the past 12 years Thirdi Group has been very lucky to be included in a range of media & industry awards, recognised in how we combine traditional property development & investment strategies with in-house developed technologies.

We are proud of our innovative approach to property development and we believe it’s our simple philosophy of ‘Investing where Investments are being made’ that has helped our company secure its place as one of the fastest growing development firms within Australia.

Penthouse in new $170m development is tipped to shatter north shore sales record

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24th September, 2020

Penthouse in new $170m development is tipped to shatter north shore sales record

Penthouse in new $170m development is tipped to shatter north shore sales record

Amanda Sheppeard

24 Sep 2020

An artist’s impression of the $170m Kurraba Residences development.


Buyer’s agents for the rich and famous are already circling around a luxury boutique development at Kurraba Point.

The $170 million harbourfront Kurraba Residences project is set to be launched in early November, and will comprise 24 apartments set over six levels.

It is being developed by the Thirdi Group and Phoenix Property Investors, at 147-153 Kurraba Rd.

The developers have enlisted SJB and Mathieson Architects and landscape architects Dangar Barin Smith to create an architecturally striking design that Thirdi director Luke Berry said had never been seen before on the harbourfront.

Curved brickwork with semicircular windows and balconies make the most of the spectacular 180-degreee view.

The view is truly spectacular – an artist’s impression of the soon-to-be-released Kurraba Residences 147 Kurraba Rd, Kurraba Point.


The penthouse will be the crowning glory of the development and will have every luxury imaginable, including private pool, steam room, wine cellar, private gym and six-car garage.

Industry sources believe it will blow the lower north shore’s apartment sales record out of the water when it sells. Mr Berry would not speculate on the price guide for the penthouse as it was still to be finalised, but said the apartment would be in a class of its own.

“I pinch myself to think that my company is creating it,” he said.

He did reveal that the developer has received some 200 inquiries from potential buyers, including “buyer’s agents that represent the rich and famous”.

He said one had up to $40 million to spend, while others were interested in combining apartments into one massive home.

“There has been nothing like this for 50 years, so there is a lot of interest,” he said.

Launch date is set for November 7 with a VIP launch planned for November 14. Construction has already started with completion expected in the fourth quarter of 2022. CBRE is marketing the project.

 

 

https://www.realestate.com.au/news/penthouse-in-new-170m-development-is-tipped-to-shatter-north-shore-sales-record/?rsf=syn:news:nca:dt:spa

Thirdi Lands Approval for $300m North Sydney Office

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5th August, 2020

Thirdi Lands Approval for $300m North Sydney Office

Thirdi Lands Approval for $300m North Sydney Office

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Sydney developer Thirdi Group and joint venture partner Phoenix Property Investors have received approval for a $300 million office project in North Sydney.

The 10-level office building, located on an amalgamated site between 2-4 Blue Street and 1-5 William Street, will replace existing residential apartments across five buildings.

Thirdi consolidated the site into a premium mixed-use development site, lodging a development application for the site in October.

The developer has now seen its application for the 2,326sq m site approved in just under five months.

Thirdi’s Robert Huxley said despite the potential for the Covid-19 crisis to negatively impact planning, the fast-tracked approval had been reached after concise collaboration with the Sydney North Planning Panel.

“If there is a silver lining to the ‘Corona Cloud’ I believe the crisis has allowed all of us to work together and create an even better building,” Huxley said.

“We used the global pandemic to learn from the challenges that traditional office spaces were facing and ensure our building was designed in a way to deal with a similar crisis in the future.”

▲ Thirdi received approval for the scheme in 4.5 months. Image: Woods Bagot
▲ Thirdi received approval for the scheme in 4.5 months. Image: Woods Bagot

Thirdi sales and marketing director Luke Berry told The Urban Developer that the company would considers its options throughout construction and delivery of the Woods Bagot-designed complex, keeping a close eye on the unfolding Covid-19 crisis.

“In terms of holding onto the asset, or selling it, we will explore all options in the future,” Berry said.

“Our focus right now is to confirm our building partners, secure a tenant and start demolition by the end of 2020 so we can stick to our delivery program.

“After we achieve these milestones we are happy to explore potential fund throughs or other offers on the site.”

The proposal is set to produce upwards of 3,000 new construction and operational jobs in in the North Sydney and sits within close proximity to public transport consistent with the North District Plan.

Thirdi and Phoenix plan to start construction of the office project in early 2021 and aim to finish and lease it by early 2023.

▲ The $330 million office project will on completion hold views of the city skyline, Harbour Bridge and Barangaroo. Image: Woods Bagot
▲ The $330 million office project will on completion hold views of the city skyline, Harbour Bridge and Barangaroo. Image: Woods Bagot

The new A-grade office will yield about 15,000sq m of net lettable area.

Thirdi said the building’s key location near North Sydney’s bus and rail interchange, as well as the future Victoria Cross metro station, has drawn the attention of several CBD based media, healthcare and technology companies.

The office building will join other new office developments, the Nine-anchored tower at 1 Denison Street by Winten Property Group and Dexus’ new 100 Mount Street block.

Projects such as CBRE Global Investors’s 118 Mount Street project have now completed construction while Lendlease’s $1.2 billion Victoria Cross Tower over the Metro Station recently received approval.

Fund manager Investa, with joint venture partner Oxford Properties Group, is also pushing ahead with plans for a major a $500 million commercial tower between 105 to 151 Miller Street.

Other groups such as Mirvac have also used the strata renewal strategy to access commercial sites in North Sydney.

Last year, the country’s biggest residential housing developer Stockland picked up 118 Walker Street and 122 Walker Street, adjacent to its existing office building at 110 Walker Street, for a combined price of $121 million.

https://theurbandeveloper.com/articles/thirdi-approval-north-sydney

Record approval time for Thirdi’s $300 million office project

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28th July, 2020

Record approval time for Thirdi’s $300 million office project

Joint venture partners Sydney developer Thirdi Group and private equity firm Phoenix Property Investors secured development approval from the Sydney North Planning Panel for their North Sydney project in record time.Thirdi and Phoenix plan to start construction of the $300 million office project in early 2021 and aim to finish and lease it by early 2023.

Thirdi and Phoenix plan to start building their 10-storey office tower in North Sydney early next year. 

The 10-floor office building will be built at 2-4 Blue Street and 1-5 William Street after the existing 40 residential apartments across five buildings were demolished.

Thirdi sales and marketing director Luke Berry says the building is well-positioned to deal with the fallout of the COVID-19 crisis.

“We were designing the office building in the midst of the pandemic, so we were able to see the weakness unfolding in the office sector, which gave us the ability to change tack and incorporate some features that would make the building as safe as we can for future crises,” Mr Berry said.

“The building will feature cross-through natural ventilation, where tenants can open the windows and not rely on air conditioning and getting recycled air through the building, which is going to be a massive drawcard for a corporate tenancy.”

“So we’re building an A-grade office, with a fantastic view of the harbour that’s around $300 per square metre cheaper than an office in the CBD.”

Mr Berry said Sydney-CBD based media, healthcare and technology companies have already expressed a strong interest in leasing space in the building.

“We’re in advanced discussion with several potential tenants to secure multiple levels within the building and are currently doing ‘test-fits’ for a number of large tenancies with the goal to announce an agreement for lease as early as September,” he said.

“While there is short-term anxiety about going into the office to work, I don’t see it as a long-term problem. I think for businesses, there will be a flight to quality office assets like this in the future.”

https://www.afr.com/property/commercial/record-approval-time-for-thirdi-s-300-million-office-project-20200728-p55g3g

It’s an extra kick’: New-home inquiries spike as buyers jump on HomeBuilder grant

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17th June, 2020

It’s an extra kick’: New-home inquiries spike as buyers jump on HomeBuilder grant

‘It’s an extra kick’: New-home inquiries spike as buyers jump on HomeBuilder grant

https://www.domain.com.au/news/new-home-inquiries-spike-as-buyers-jump-on-homebuilder-grant-962909/