Investor snaps up entire Sydney apartment development

According to The Australian Financial Review, Sydney developer Astute Property has capitalised on strong momentum in the build-to-rent sector to sell an entire apartment development in Marrickville off-the-plan to a private investor.
The sale came just ahead of the official launch of the 43-unit development on a 1500sq m site at 265-273 Illawarra Road in the inner west suburb, which Astute purchased from the Hatziplis family for $16.7 million last year.
While the price paid by the portfolio investor was not disclosed, it is understood a deal was negotiated below the $60 million end value of the project.

https://www.afr.com/property/residential/investor-snaps-up-entire-sydney-apartment-project-20220907-p5bg2a