The Australian joint venture (JV) of Singapore-listed Frasers Centrepoint Ltd (FCL) has received approval for the next "significant stage" of a $2 billion mixed development known as Central Park in Sydney.
The JV partners -- Frasers Property Australia and Sekisui House Australia -- received the DA approval from the NSW Department of Planning & Environment.
The green light was granted for the next stage of Central Park, known as DUO. The latter is a mixed-use project worth $520 million, comprising two towers named Block 1 and Block 4N.
DUO is slated to be launched in the market in late November and registrations of interest are currently being taken.
Shares in FCL ended higher at $1.51, up two cents or 1.3%.
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The JV partners -- Frasers Property Australia and Sekisui House Australia -- received the DA approval from the NSW Department of Planning & Environment.
The green light was granted for the next stage of Central Park, known as DUO. The latter is a mixed-use project worth $520 million, comprising two towers named Block 1 and Block 4N.
DUO is slated to be launched in the market in late November and registrations of interest are currently being taken.
Shares in FCL ended higher at $1.51, up two cents or 1.3%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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