Sydney-based investment house Princeton is the financier of the new $98-million Villawood residential project One Place.
One Place, in the heart of Sydney’s west at 1 Villawood Place, Villawood, comprises 161 residential apartments and ground-level retail.
The suburb has undergone a huge transformation in recent years, rapidly becoming one of the west’s most sought-after housing markets due to its connectivity and affordability.
Initially approved for 119 apartments at the time of settlement, the project’s sponsor, ABA Group, gained council approval during construction for 42 more apartments.
Princeton founders George Gadallah and Craig Anderson said the project reflected the increasing demand for modern apartments in Villawood’s burgeoning housing market.
“We are thrilled to have contributed to the revitalisation and transformation of Villawood, which is emerging as one of western Sydney’s quickest-growing and most-desirable suburbs to live in,” Gadallah said.
“One Place is the crown jewel in a new wave of sleek modern apartments, including the previously Princeton-financed 888 Project in 2020, that has helped to reinvigorate interest and rejuvenate the area,” he said.
A full Occupation Certificate was issued for One Place in April, 2022, denoting physical completion of all construction works. Settlement of presold apartments has begun.
Princeton’s business model is supported by a Wholesale Funds Management platform. Princeton’s product offerings include financing the acquisition of development-approved sites and construction loans for residential development projects in the Sydney metropolitan area up to 200 dwellings. Princeton uses a custodian who holds investor funds and securities, external auditors, independent credit and compliance committees.
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