MaxCap’s longstanding client Golden Age Development Group together with joint venture partner Hannas Group, a leading Sydney based engineering firm, have acquired a 2,110sqm site on Harrington Street, Sydney NSW 2000 for $50 million. Currently comprising a six-level office building, the property is situated in The Rocks precinct of the Sydney CBD area, a stone’s throw from the harbour.
MaxCap worked with Golden Age for an optimal funding solution for the land acquisition.
“We are currently looking at options for this prime investment site that’s located just steps from one of the most recognisable harbours in the world. We look forward to unveiling our plans in due course”, Golden Age Group Founder Jeff Xu said.
The acquisition was a strategic investment and represented the company’s first foray into NSW as part of the Group’s long-term strategic outlook.