aqualand

Aqualand, a prominent developer in some of Sydney's best locations, is making waves in North Sydney with a strong commitment to revitalising the area.

Urban.com.au's CEO Mike Bird recently sat down with&nbsp;Alex Adams, Aqualand's Head of Sales and Marketing, to understand a little bit more about how Aqualand operate, their dedication to North Sydney's transformation, and their unique approach to development.

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Why North Sydney and Aqualand's Vision

Aqualand's interest in North Sydney is not just a passing whim; it's deeply ingrained in the company's DNA. Their Managing Director's passion for the area trickles down throughout the entire organisation.

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Their commitment aligns with the local council's vision to invest a whopping $4 billion into the revitalisation of North Sydney's CBD, with the goal of creating Australia's premier micro city. Aqualand shares this vision and aims to be a significant contributor to this transformative process.

Future-Oriented Living at Aura

Unlike older developments that catered to the needs of the past, Aqualand is keen on addressing the evolving preferences of modern residents. Technology has been a focal point in their planning, with provisions for electric vehicle (EV) charging in the building, catering to the growing number of EV owners among their buyers.

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Additionally, Aqualand is going the extra mile by offering three Teslas available for all residents to use, making urban living more convenient and sustainable.

The Ongoing Aqualand Difference

Aqualand doesn't consider their job done once the construction is complete. Their commitment extends into post-completion phases. They have a client relationship team that maintains constant communication with residents. What sets them apart is the AQ Club, a client loyalty program that offers benefits like discounts on future purchases, and access to exclusive events and sponsorships.

Creating a Lasting Legacy

Aqualand's forward-thinking approach extends to the retail spaces within their developments. They understand the value of maintaining active, vibrant retail spaces within their buildings. An excellent example is the success of their retail spaces at Lynfield Village and Lulu, a French boulangerie, which has become a local hit.

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Their commitment to offering a diverse and high-quality experience is clear in their diverse offerings, from a French boulangerie to high-end Japanese restaurants and wine bars, all set to open by the time the first apartment is settled at Aura.

A Community-Centric Vision

What makes Aqualand stand out is their dedication to creating not just residences but thriving communities. By integrating their own hospitality assets, they add a personal touch to their developments. This approach not only enhances the lives of their residents but also enriches the overall living experience in the area.

Aqualand's commitment to North Sydney is more than just a development; it's a promise of a better future for residents and the community. With an eye on the future, a focus on technological integration, and a dedication to community development, Aqualand is creating a blueprint for what modern real estate development should look like.

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Aqualand, a prominent player in the real estate development industry, is making waves in North Sydney with a strong commitment to revitalising the area.

Urban Editorial

Why Aqualand Is committed to North Sydney's transformation: Five minutes with Aqualand's Alex Adams

Compromise isn’t a word used to describe the apartments in AURA by Aqualand, the new $1 billion tower in North Sydney.

The lack of need to compromise is what’s driven a large number of local downsizers to the luxury development, given the combination of both size and design offered in the larger apartments towards the top of the 28-level building.

Roseville residents Henry and Sandra Rolley are downsizing from their family home for the last two decades to take up residency in a sub-penthouse on level 24 of the Walker Street tower.

While technological advancements and the internet have changed the way we market real estate, it was the trusted letterbox drop which alerted the couple to the project.

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"We visited the display showroom and spoke to Domenic (AURA by Aqualand's Sales Consultant), and everything fell into place from there," Henry says.

Continuing their due diligence so they could get a true feel for what it would be like to live at AURA by Aqualand, Henry and Sandra visited the hotel behind the project and took in the views from the 11th level.

One of Sandra's highest priorities on her wish list was to overlook water.

"The extensive terracing in the sub penthouse, paired with 180 degree views from inside which take in the water, will create a very calming environment for us," Sandra says.

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It was important for the couple to stay within the local area, and AURA by Aqualand offered the best apartment for quality finishes, size, and location. The couple recently bought a share in a boat which is being moored in Bayview, across from the Royal Sydney Yacht Squadron in Kirribilli.

The location was a big tick for the couple, who wanted to remain north of the bridge so they could still keep in touch with their friends who live on the North Shore. They're planning to use the new metro, to be accessed by the future Victoria Cross Station next door, to get around the majority of the time, while the penthouse also offers two parking spaces.

"It's easy to get everywhere from the location," Henry says, adding that he's excited to see the extensive redevelopment of North Sydney when the government infrastructure projects kick off.

"The alfresco dining strips and the regenerated areas of North Sydney on our doorstep have a massive appeal for us.

"We get the best of both worlds with the exciting lifestyle precinct planned for the base of the building, but a calming oasis to come home to above it all."

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/what-penthouse-buyers-are-looking-for-in-today-s-market-a-look-into-aura-by-aqualand-s-penthouse-collection">What penthouse buyers are looking for in today’s market; a look into AURA by Aqualand’s penthouse collection</a>

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Henry has been able to watch the project come out of the ground from the greens at Northbridge Golf Course.

"I've seen the cranes come and I can see the movement on site, which is great," Henry says.

"Soon enough we'll be able to see the level our apartment will sit on which will be an exciting milestone for us."

Coincidentally, a friend who knows one of Aqualand's internal construction team members, is part of Henry and Sandra's Saturday morning riding group, and he can't speak more highly of <a href="https://www.urban.com.au/developers/aqualand-australia">Aqualand</a> and their efficiency, which Henry says gives him confidence that the delivery timeframe will be achieved.

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Construction of the $1 billion project commenced early last year and is over half way through, with completion slated for mid-2024.

The Rolley's weren't the only local downsizers buying a premium apartment in the project.

A couple of empty nesters departing their Northern Beaches home of 45 years recently secured one of the four-bedroom apartments in AURA by Aqualand. They intend to turn one of the bedrooms into a home office.

It will be a big change for the retiring couple, who bought the house when they were 20. Out with the old and in with the new, as they intend to leave the house and sell their furniture and antiques. They'll be buying all new furniture to better match the space, as well as new art.

The couple will be splitting their time between the apartment, which will be their city base, and their two holiday houses.

They said the whole process of buying off the plan with Aqualand has been a great experience.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/how-aura-by-aqualand-adds-a-new-jewel-in-north-sydney-s-crown">How AURA by Aqualand adds a new jewel in North Sydney’s crown</a>

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“It was our first time buying off the plan, and Aqualand’s professionalism and high degree of organization and knowledge helped us through the buying journey,” they said.

“We constantly get updates on the project and where it’s up to with construction which is important in this sector of the property market. Everything has been smooth sailing in our first off the plan purchase.”

The extensive community-building curated amenity which Aqualand are developing (a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant), were a big drawcard for the retiring couple, who are looking forward to being part of a community and meeting new people.&nbsp;

They're excited to explore the city and immerse themselves in the culture, having lived in the Northern Beaches all their lives.

They'll be constantly entertaining, with kids and grandkids, as well as overseas visitors, all expected to come and stay at the apartment, which effectively has two kitchens with the butler's pantry.

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Aqualand Head of Sales and Marketing Alex Adams calls AURA by Aqualand “an heirloom of a building, providing truly rare and unique homes.”

“What was once a beautiful concept is forming into a truly remarkable destination set to be a new masterpiece in North Sydney,” Adams says.

“The elegant forms and curves of the building are taking shape and the installation of the glass frame facade is making its way up level by level.

“A new release of residences, including a selection from our breathtaking penthouse collection is available and now selling, providing a once in a generation opportunity.”

With construction well underway, the main tower will start climbing to its peak at level 28, with the residential levels forming individual apartments with services, internal walls, and bathroom and kitchen fitouts to commence.&nbsp;

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Roseville residents Henry and Sandra Rolley are downsizing from their family home for the last two decades to take up residency in a sub-penthouse on level 24 of the Walker Street tower

Joel Robinson

AURA by Aqualand offers exciting new phase for downsizers

Aura by Aqualand, a multi-billion dollar transformation of North Sydney, introduces a new way of living in this new CBD precinct.

An ideal location for the next generation of homeowners, businesses and visitors, North Sydney hugs the Sydney Harbour and the city&rsquo;s heartland precincts.

Situated at Walker Street, Aura enjoys a position in close proximity to leading schools, beautiful walks and cultural icons.

Aqualand calls this a &ldquo;new era&rdquo; for North Sydney, with plans for the area visionary in their scale.

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This includes 19 key projects in the area delivered by government and private investment, representing an addition of more than 17,000sqm of new parks and plazas.

&ldquo;These visionary new public spaces reveal a dynamic cosmopolitan lifestyle woven into lush greenery and sun-lit corridors&rdquo;, Aqualand Australia note.

Designed by Woods Bagot and Richards Stanisch, Aura will deliver a 28-level tower which will comprise a mix of 386 luxury residences, retails, dining precinct, and commercial spaces.

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Extensive resident amenities are also on offer, including pool and gym, dining and entertaining area and outdoor barbecue facilities.

Aqualand&#39;s recently launched hospitality arm, Etymon Projects, has also been engaged on the project to manage a providore, artisan bakery and a contemporary Japanese eatery.

Residents will benefit from decade-long plans designed to transform North Sydney, including a large investment in green spaces and entertainment precincts, and a new pedestrian space on Miller Street. &nbsp;

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Between Berry Street and the Pacific Highway, the closure of Miller Street gives room for a 7,450sqm public plaza outside the Victoria Cross metro station.

Other transformations include the conversion of the tramway viaduct to create a large active recreation space and an upgrade to Primrose Park.

This includes four new tennis courts, a barbeque area and a children&rsquo;s playground, while the city will also see new laneways running between buildings and vibrant cafes.

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Situated at Walker Street, Aura enjoys a position in close proximity to leading schools, beautiful walks and cultural icons

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How Aura by Aqualand takes advantage of the transformation of North Sydney 

Demand has soared at AURA, Aqualand's $1 billion North Sydney mixed-use tower, with 70 per cent of the first stage already sold.

Local downsizers have been the keenest of buyers so far in the luxury tower, with three-bedroom apartments priced from $3 million proving the most popular as house prices skyrocket across the state.

Two of the sub penthouses sold for $8 million and $8.15 million, with one of the penthouses selling to a local Mosman downsizer.

&nbsp;

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The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned.

Heavy government and private investment in North Sydney has been laid out,&nbsp;with 19 key projects to reinforce Miller Street as the civic spine of North Sydney, delivering over 17,000 sqm of new parks and plazas, creating a new network of laneways, and improving pedestrian safety and amenity.

The closure of Miller Street to cars will open a 7,450 sqm public plaza outside the Metro Station and a new smaller plaza outside the post office.

Plans are in place to turn the tramway viaduct into a large active recreation space and new laneways running between buildings and spaces will create hidden pockets of North Sydney, with&nbsp;new cafes and bars and walking trails.

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The new Sydney Metro Victoria Cross station, adjacent to AURA, adds another transportation option to the number of trains, buses, ferries, pedestrian and cycling paths at its doorstep, in addition to the freeways in each direction.

Barangaroo is accessible by train in just three minutes.

AURA, at 168 Walker Street, has been designed by award-winning architects Woods Bagot and Richards Stanisich with views overlooking Sydney Harbour, Sydney CBD and North Sydney Oval top of the design thinking.

Apartments feature a simple&nbsp;palette of white marble as a backdrop for the of natural light that comes in through floor-to-ceiling windows, augmented by mirrored surfaces, glazed walls and translucent screens. Residents can choose from three&nbsp;colour schemes—dark, mid, and light.

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Marble benchtops anchor kitchen spaces, while marble flooring sits below tall mirrors with dark bronze powder-coated framing in the bathrooms.&nbsp;The bathrooms&nbsp;also feature&nbsp;highest standard in materials—from toughened fluted glass to premium tiling and marble.

All apartments offer an open space living to winter gardens, while apartments feature a multi-functional room that facilitates use as a secondary living area, an office, or bedroom.

Aqualand has also just launched its new hospitality arm, Etymon Projects, incorporating a dedicated, world-class concierge service designed to create a 360-degree lifestyle development offering with exceptional service.

Aqualand’s vision is to bring the 5-star hotel experience to its developments by combining traditional concierge services with lifestyle management for the first time.

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The new service takes its lead from New York, China, Singapore and Hong Kong luxury apartment living, where applying hotel services and a hospitality ethos to homes isn’t new. In addition,&nbsp;Etymon Project’s next-level The Club will custom-fit its services to fit individual lifestyles.

Options will include Home Management (grocery put away, coordinating tradespeople, watering plants and vehicle maintenance) and Home Event Planning (dinner parties, children’s birthdays and more).

Etymon Projects will also manage a providore, artisan bakery, casual diner and a contemporary Japanese eatery in AURA’s vibrant culinary precinct, acting as an extension to residents&nbsp;apartments and a social anchor for the local community.

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The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned

Downsizer's drive stage one of Aqualand's $1 billion North Sydney apartment tower AURA to 70% sold

The $1 billion mixed-use development, AURA by Aqualand, is lined up to be the focal point of the transformation of North Sydney.

AURA, which will comprise a mix of&nbsp;386 luxury residences, retails, dining precinct, and commercial spaces at 168 Walker Street, will give residents&nbsp;gun barrel panoramic views of the&nbsp;Sydney Harbour Bridge, Luna Park, and the Sydney Opera House.

Award-winning architects from Woods Bagot and Richards Stanisch have combined to create the 28-level tower and apartments, which for off the plan buyers will be available in three different colour schemes;&nbsp;dark, mid, or light.

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The highest standard in materials will be used throughout, from toughened fluted glass to premium tiling and marble.

Each apartment will open to a balcony with winter gardens. They have been designed to offer different floorplans and flexible solutions to balance working and living at home.

There will be extensive resident amenity, including a&nbsp;ground level pool and gym, a dining and entertaining area on level nine, and outdoor barbecue facilities, a sun deck, and dining rooms on the top level.

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AURA residents will also benefit from Aqualand's recently launched hospitality arm, Etymon Projects, which incorporates a dedicated concierge service&nbsp;designed to create a 360-degree lifestyle development offering with exceptional service.&nbsp;

Aqualand’s vision is to bring the 5-star hotel experience to its developments by combining traditional concierge services with lifestyle management for the first time.

The new service takes its lead from New York, China, Singapore and Hong Kong luxury apartment living, where applying hotel services and a hospitality ethos to homes isn’t new.

[smartcode_project:default project_id=30959 project_image_fid=181045]

Etymon Project’s next-level The Club will custom-fit its services to fit individual lifestyles perfectly. Options will include Home Management (grocery put away, coordinating tradespeople, watering plants and vehicle maintenance) and Home Event Planning (dinner parties, children’s birthdays and more).

Etymon Projects will also manage a providore, artisan bakery, casual diner and a contemporary Japanese eatery in&nbsp;AURA’s vibrant culinary precinct, acting as an extension to residents' apartments and a social anchor for the local community.

Buyers only need to look to Aqualand's most recent successful mixed-use precinct at Central Barangaroo, where the developer was in charge of delivering the&nbsp;residential, commercial, and public spaces.

Aqualand, led by founder and managing director, Jin Lin, has also recently completed the $420 million&nbsp;Blue at Lavender Bay, the luxury apartment tower with 130 apartments, as well as The Revy on Darling Island.

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"The vision for AURA is simple enough, but ambitiously bold," Lin says.

"We see this as a once-in-a-generation development, shaping the future of North Sydney and modern luxury living in Australia."

Aqualand's head of sales and marketing, Alex Adams, says there are two ways to create a dream home.

"[You can] build an average product and hope that people will love it, or you can design something that's iconic and special, that jusut doesn't compare to anything that has ever existed before", Adams says.

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"Aura is the latter, an heirloom we hope our home owners will keep within their families for generations.

The first stage of apartments are set to be released to the market, starting from $995,000. There will be 102 apartments in the release, a mix of one, two and three-bedroom apartments.

AURA is expected to be the centrepiece of the ever evolving North Sydney precinct, which is expected to become Sydney's second CBD hub with the amount of plans and infrastructure in the pipeline.

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The closing of Miller Street to cars and&nbsp;the massive investment in green spaces and entertainment precincts is expected to increase its attractiveness to future residents.

There are 19 key projects currently reincofrcing Miller Street as its civic spine. Plans are underway for over 17,000 sqm of new parks, plazas, and laneway networks. There's also plans for a&nbsp;Warringah Land Bridge will connect North Sydney with the other side of the freeway, and plans to turn the tramway viaduct into a large active recreation space.

The new Sydney Metro Victoria Cross station will sit adjacent to AURA.

Some 80,000 workers are expected in North Sydney by 2036.&nbsp;

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"The vision for AURA is simple enough, but ambitiously bold," Aqualand founder and managing director Jin Lin says.



"A once-in-a-generation development" - Sales set to launch at Aqualand's luxury North Sydney apartment tower, AURA 

Aqualand&rsquo;s flagship $420m development Blue at Lavender Bay is now complete.

Off the plan buyers are moving in to 61 Lavender Street, Milsons Point. 
&nbsp; 
Blue at Lavender Bay has 130 luxury residential apartments.

Blue&rsquo;s final sales release this month includes just 30 residences.&nbsp;

The remaining apartments include: 
1 bedrooms from $1,160,000 
2 Bedrooms from $1,750,000 
3 bedrooms from $4,100,000

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Aqualand is now preparing to bring to market its latest masterpiece, Aura North Sydney.

Aqualand&rsquo;s new hospitality arm, Etymon, has been launched set to provide concierge services.

Aqualand&rsquo;s vision is to bring the 5-star hotel experience to its developments by combining traditional concierge services with lifestyle management for the first time. 
&nbsp; 
Accessible 24/7 to Blue owners and residents, Etymon&rsquo;s highly experienced concierge team can make dining reservations and theatre bookings, welcoming guests, managing everything from parcels to parking, planning itineraries or finding the perfect gift. 
&nbsp; 
&ldquo;We wanted to elevate the level of concierge service within Aqualand developments to set a new standard within the Australian luxury apartment market,&rdquo; explains Lisa Hobbs, Etymon CEO.&nbsp;

&ldquo;Our emphasis is on delivering a hospitality style service that stands out to residents as having their needs, wants and desires at the centre of our approach.&nbsp; 
&nbsp; 
&ldquo;We&rsquo;re taking our lead from New York, China, Singapore and Hong Kong luxury apartment living, where applying hotel services and a hospitality ethos to homes isn&rsquo;t new. People will select their residence based on the concierge provided and are well prepared to pay for their services,&rdquo; she adds. 
&nbsp; 
Etymon&rsquo;s The Club will custom-fit its services with options will including home management (grocery put away, coordinating tradespeople, watering plants and vehicle maintenance) and home event planning (dinner parties, children&rsquo;s birthdays and more). 
&nbsp; 
In October, Etymon will also launch a new restaurant at Blue&rsquo;s base for fine dining in the North Sydney precinct. Part bistro, boulangerie and traitor, Loulou will by spearheaded by head chef Billy Hannigan (ex-The Ledbury and Bistro Guillaume), general manager Lucas Christofle (ex-Half Acre), bar manager, Colin Tam (ex-Charlie Parker&rsquo;s) and sommelier Shun Eto (ex-Icebergs).

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Blue’s final sales release this month includes 30 residences

jchancellor-FAypfDUnLy

Aqualand off the plan buyers move into Blue

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Aqualand has recently celebrated the structural completion of its iconic $420m North Sydney development, <a href="https://www.urban.com.au/new-apartments/blue-at-lavender-bay-61-lavender-street-milsons-point" target="_blank">Blue at Lavender Bay</a>. This monumental tree-topping* event was attended by Managing Director of Aqualand, Jin Lin, Aqualand CEO, John Carfi, and Mayor of North Sydney Council, Jilly Gibson, alongside the wider team.  

<figure><a href="https://www.urban.com.au/new-apartments/blue-at-lavender-bay-61-lavender-street-milsons-point" target="_blank"><img alt="" class="image-article_full_width_580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aqualand_1.jpeg?itok=Czv7941w" title="Blue by Lavender Bay. Image supplied. " width="580"></a>

<figcaption>Blue by Lavender Bay. Image supplied.</figcaption></figure>With 75% of the current collection sold due to high-demand, Aqualand is primed to release additional residences in the following year. As a luxury development, recent sales include a $6.95m, 3 bedroom apartment, a $1.9m 2 bedroom apartment, and a $1.35m 1 bedroom apartment. 

The success of Blue by Lavender Bay has also propelled the launch of Aqualand’s newest project at 168 Walker Street, North Sydney, scheduled for launch in July 2021, this collection will feature approximately 400 residences, as well as a vibrant new retail precinct. A second development, situated in one of <a href="https://www.homely.com.au/belmont-st-alexandria-sydney-sydney-greater-new-south-wales" target="_blank">Sydney’s best locations</a>, Belmont St, Alexandria, will see another 20 additional boutique-style apartments by the end of 2021. 

<figure><a href="https://www.urban.com.au/new-apartments/blue-at-lavender-bay-61-lavender-street-milsons-point" target="_blank"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aqualand_2.jpeg?itok=lgJjBMa5" title="Blue by Lavender Bay. Image supplied." width="580"></a>

<figcaption>Blue by Lavender Bay. Image supplied.</figcaption></figure>The suburb of North Sydney holds a significant portion of Aqualand’s assets in addition to Blue by Lavender Bay and Walker Street, including commercial towers in Blue Street, and numerous buildings in Arthur Street. 

Head of Aqualand’s Sales and Marketing, Alex Adams, noted the growing demand for housing in Northern Sydney suburbs and Aqualand involvement in future constructions.  

<blockquote>
“Market activity and buyer interest has been increasing of late as purchasers see construction well on the way to completion.”
</blockquote>

Primely located in North Sydney’s harbour-side, Blue at Lavender Bay offers 128 spacious apartments designed by renowned <a href="https://www.urban.com.au/architects/ptw-architects" target="_blank">PTW architects</a>, with configurations of 1, 2 or 3 bedrooms available. Each home offers unparalleled views of the waterfront, natural stone kitchen features, stone floors, and open-plan living spaces. <a href="https://www.domain.com.au/news/sydneys-top-10-liveable-suburbs-revealed-20160728-gqftrl-281465/#:~:text=And%20now%20he%20has%20official,Consultants%20and%20Deloitte%20Access%20Economics%20." target="_blank">Crowned as Sydney’s most liveable suburb</a>, Lavender Bay provides residents with a coastal village lifestyle surrounded by local cafes, restaurants, public transport and schools, all within walking distance to the CBD. 

<figure><a href="https://www.urban.com.au/new-apartments/blue-at-lavender-bay-61-lavender-street-milsons-point" target="_blank"><img alt="" class="image-article_full_width_580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/walker_st_image.jpeg?itok=R_icfV4S" title="Blue by Lavender Bay. Image supplied." width="580"></a>

<figcaption>Blue by Lavender Bay. Image supplied.</figcaption></figure>*Tree-topping ceremonies hold a century-long tradition with structural completions and signifies a successful execution of a project. 

<h2>Other projects in North Sydney: </h2>

<ul>
<li><a href="https://www.urban.com.au/new-apartments/aqualuna-30-alfred-street-milsons-point" target="_blank">Aqualuna </a></li>
	<li><a href="https://www.urban.com.au/new-apartments/blue-at-lavender-bay-61-lavender-street-milsons-point" target="_blank">Blue at Lavender Bay</a></li>
	<li><a href="https://www.urban.com.au/new-apartments/74-80-alfred-street-milsons-point" target="_blank">74-80 Alfred Street</a></li>
	<li><a href="https://www.urban.com.au/projects/85-87-carabella-street-kirribilli" target="_blank">85-87 Carabella Street</a></li>
	<li><a href="https://www.urban.com.au/buildings/106-kirribilli-avenue-kirribilli" target="_blank">106 Kirribilli Avenue</a></li>
</ul>
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linda_53241

Aqualand celebrates tree-topping ceremony for Blue at Lavender Bay

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The Chinese developer Aqualand has lifted its investment in the ASX listed McGrath estate agency from 15 per cent to 18.5 per cent.
The increase in its stake follows Aqualand’s acquisition of an <a href="https://www.urban.com.au/news/85531-mcgrath-secure-10-7-million-strategic-investment-by-aqualand" target="_blank">initial 15 per cent in McGrath last year</a>. 
Aqualand will remain McGrath’s second largest shareholder, behind John McGrath's own 22 percent stake.
The acquisition of shares by Aqualand follows a strategic relationship being struck with McGrath last year to explore opportunities for both groups to work more closely together on future prestige project marketing opportunities.
McGrath CEO Geoff Lucas said Aqualand further committed to McGrath "with the belief that our transformation plan is gaining traction, while also looking to take advantage of any strategic opportunities.”
“AL Capital and the Aqualand Group have great confidence in McGrath," Wayne Mo, CEO of Aqualand Group’s investment arm AL Capital said.
There have not been any apartment projects being marketed by McGrath. McGrath shares closed yesterday at $0.215.
Aqualand bought its initial shares when the shares were trading at around $0.425 per share.
Recently Aqualand Australia finally sold its last apartment in Upper North Shore project The Heysen, Turramurra which had two apartments remaining for sale last November. 
Last month Aqualand <a href="https://www.urban.com.au/news/103416-oxford-properties-sells-to-aqualand-at-barangaroo-central" target="_blank">secured the development stake</a> of Barangaroo Central from Oxford Properties.
 
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j.ballantyne1990-6AQqhLzZaK

Aqualand takes bigger stake in McGrath estate agency

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Canadian development giant Oxford Properties is set to sell its development stake in Sydney's Barangaroo Central project to Aqualand.
According to the Australian Financial Review, Aqualand has closed a "provisional agreement" with Oxford Properties for an undisclosed sum.
Aqualand are also set to take over construction on the 5.2 hectare site.
Oxford had <a href="https://www.urban.com.au/news/85557-canada-s-oxford-properties-secures-grocon-s-barangaroo-central-project-equity" target="_blank">joined the consortium last year</a>, securing the right to Grocon's office development rights in the $2 billion project.
Oxford, led by US-based Hines Real Estate, paid around $100 million to secure the office development rights over which Grocon had control.
It was last November when Grocon was <a href="https://www.urban.com.au/news/79605-grocon-aqualand-and-scentre-group-awarded-central-barangaroo-precinct" target="_blank">awarded the conjunctional development rights</a> to the $2 billion Barangaroo Central development.
<div class="cq-article-content-media section">Grocon, led by property scion Daniel Grollo, joined with Scentre, who are overseeing the development of the shopping centre, and Aqualand, in the winning consortium.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">Financial pressures continued to press on Grocon who earlier this year sold their final development rights to Aqualand.</div>
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Oxford Properties sells Barangaroo Central to Aqualand

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Club owner Russell Crowe won't be able to enter, but the South Sydney Rabbitohs faithful are being encouraged to enter an infield obstacle course competition that could see them win a $1 million one bedroom Sydney harbourside apartment.
The Chinese property developer Aqualand, who are the home ground sponsors of the South Sydney Rabbitohs, has embarked on an unusual marketing campaign to get greater recognition across Sydney.
In the lead up to the Bunnies game against the Dragons next month, fans are being encouraged to follow Aqualand's social media channels for a chance to win the apartment.
It's a promotional push from Aqualand who have around 40 apartments left to sell in Blue, their 129 apartment tower at Milsons Point (below).
All four Burgess brothers are helping promote the competition.
Fans will need to follow the Aqualand social media accounts, currently obscure with just 1,550 followers on Instagram, and 650 on Twitter.
(Russell Crowe has 700,000 followers.)
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/28/Aqualand%20Blue.jpg" alt="">
The contestants who sign up the most friends for Aqualand will secure the opportunity to participate in an on field obstacle course.
The winner will advance and face a game of chance where there is small possiblity they could win the apartment.
Expectant fans unfortunately won't get to see Rabbitohs owner Russell Crowe throwing his weight around given staff, players and their family members are not permitted to enter.
The competition went live yesterday with over 500 entries in the first 30 minutes.
It is not restricted to Rabbitohs fans.
The Lavender Street building was the 18 level Samsung office block before Aqualand bought it for $140 million in 2016.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/28/Aqualand%20Blue%202.jpg" alt="">
They called in PTW Architects to design the luxury 129 apartment tower. There are less than 40 units left to sell.
When sales launched in 2017, the sub-penthouse sold for $8 million.
Both of the buildings penthouses were sold this time last year, one fetching $9 million and the other selling for $10.5 million.
Blue was marketed as the last residential conversion development in the Milsons Point area with views to the city and Harbour Bridge.
This article was first published in the Daily Telegraph.
 
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