View of the Sydney Fish Market. (Photo: Jnpet / Wikimedia Commons)
Singapore developer Oxley Holdings is looking to expand into Australia’s real estate sector, particularly in Sydney’s Bays Precinct, reported The Australian.
“The board of directors of Oxley wishes to announce that the group plans to enter the Australian market and is currently looking at Sydney’s Bays Precinct as the location for a flagship commercial and residential project,” it said in a recent filing with the SGX.
Among the sites being considered for potential redevelopment is the Sydney Fish Market in Pyrmont, which is located within the A$20 billion Bays Precinct, where the state government of New South Wales plans to create development opportunities.
The firm also revealed that it intends to team up with a local builder for future projects in the state, and has named Brookfield Multiplex as a potential partner.
Founded in 2010, Oxley is a fast-growing company, with overseas projects such as London’s Royal Wharf redevelopment and the North Wall Quay project in Dublin.
Other developers that are expected to submit bids for the Sydney Fish Market site are Lend Lease, Grocon and Malaysia’s UEM Sunrise.
According to a spokesperson from UrbanGrowthNSW, which is working closely with the fish market operator on the redevelopment, they are envisioning a world-class dining destination, with the highlight being the Sydney Fish Market.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
