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Benchmark Capital has reached a significant milestone at Rose Bay, securing development approval for a boutique collection of 19 residences in one of Sydney’s most tightly held harbourside suburbs.
Located approximately 200 metres from Rose Bay village, the project has been designed by PBD Architects to respond to the character of its Eastern Suburbs setting while delivering a high-quality residential offering tailored to the local owner-occupier and downsizer market.
The approval represents an important milestone for the Benchmark Opportunity Fund and provides a clear pathway for the project to progress toward delivery.
Rose Bay continues to be characterised by strong underlying demand, limited opportunities for new development and a highly constrained supply of new apartments. The project seeks to respond to these fundamentals through a considered residential offering in a location with established amenity, connectivity and lifestyle appeal.
The development has also benefited from the NSW Government’s Low and Mid-Rise Housing Policy, which supports the delivery of additional housing in well-located areas close to established centres and transport.
Aris Dimos, Head of Strategy & Acquisitions, said the approval marked an important step forward for the project.
“Securing development approval is a significant milestone for Rose Bay and reflects the work undertaken by the project team to develop a scheme that responds to both the site and the surrounding community. With approval now secured, our focus turns to progressing the project through its next phase and towards construction.”
The Rose Bay project forms part of Benchmark Capital’s growing pipeline of development-backed investment opportunities across Sydney, delivered alongside the broader capabilities of FYVE and Binah.
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Benchmark Capital Pty Ltd ACN 631 724 144 (Benchmark) is a corporate authorised representative (CAR) (CAR Number 131 3071) of Boutique Capital Pty Ltd ACN 621 697 621 AFSL 508011. Any information or advice is general advice only and has been prepared by Benchmark for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth). Any information or advice given does not take into account your particular objectives, financial situation or needs and before acting on the advice, you should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If any advice relates to the acquisition, or possible acquisition, of a particular financial product you should read any relevant Product Disclosure Statement or like instrument.
