Abadeen and PERIFA greenlit to develop Putney Wharf Residences
Joint venture partners Abadeen Group and PERIFA have received the green light to develop their first mixed-use project together – Putney Wharf Residences.
The $300 million heritage adaptive reuse site, being financed by Phoenix Property Investors and Mitsubishi Estate Asia, boasts 300 metres of water frontage on the harbour at Putney in Sydney’s northwest, 14km from the CBD.
Located on the historic site of the former Halvorsen’s boatshed, Putney Wharf Residences will comprise a premium, lifestyle-oriented, mixed-use wharf precinct including 67 luxury apartments and townhouses complemented by sophisticated waterfront dining and retail along with a 36-berth marina.
The project will offer a mix of three-storey townhouses and apartments comprising heritage components including original timber beams and other preserved materials, creating stunning character-rich interiors with a nod to the boating history of the site.
PERIFA Managing Director and Co-Founder Fabrizio Perilli called Putney a "hidden harbourside gem."
“Putney Wharf Residences represents a flagship development for PERIFA as our first major prestige harbourfront mixed-use development in Sydney, and the first of what we hope will be many more ventures with Abadeen, delivering excellence and innovation.
“Putney is a hidden harbourside gem, and Putney Wharf Residences offers an extraordinary opportunity to transform this rare waterfront site into a premium mixed-use development akin to the prestigious Woolloomooloo Wharf, with exceptional dining and residential combined to create the ultimate in waterfront living.”
Designed by acclaimed local Sydney architects SJB, in close collaboration with Heritage Consultants Curio Projects and landscape architects Dangar Barin Smith, Putney Wharf Residences located at 20 Waterview Street along Putney’s harbourfront, will offer three residential components:
- Boatshed Apartments. A full restoration of the heritage-listed Halvorsen’s Boatshed, comprising nineteen oversized apartments: seventeen three-bedrooms and one two, four-bedroom residences.
- Waterview Terraces. Located on Waterview Street comprising 18 three-storey, four-bedroom terraces.
- The Residences at Putney Wharf. Consisting of two new-build three-storey apartment buildings, offering 30 apartments; a mix of two-bedrooms and three-bedroom.
Apartments are expected to be priced starting from $1.9 million for a two-bedroom apartment, $3.5 million for a three-bedroom apartment, and $3.9 million for a four-bedroom terrace. The development will also deliver a 213 sqm four-bedroom penthouse within the heritage-restored Boatshed Apartments complex capturing uninterrupted, 180-degree, panoramic harbour views.
Abadeen Group Chief Operating Officer Joe Tack said the regeneration of the Putney Wharf Residences precinct is an important restoration project for the community, having been disused and closed to the public for several decades.
"With such a rich history having been the home to Sydney’s most successful and prolific boat building business established in 1939 by the Halvorsen family, we feel a sense of pride in restoring, preserving and celebrating a significant piece of Sydney’s boating history.
"This is a unique opportunity to revitalise, restore and breathe new life into a significant waterfront parcel of land, delivering a premium lifestyle-oriented wharf precinct within which all of Sydney will want to live, dine, entertain and socialise, and we’re delighted to be partnering with PERIFA to bring this new precinct to life.”
With development approval now received, construction is due to commence imminently with the project expected to be completed by 2027.
