Aland Scoops Up $240m North Sydney ‘Dream’ Site

Developer Aland has scooped up a freshly approved luxury residential project at North Sydney. 

The prolific development company acquired the site from Cbus Property, Galileo Group and Abadeen for $240 million in an off-market sale, Aland said.

The 3952sq m site at 11-17 Hampden Street and 173-179 Walker Street was approved for the trio’s plans in April.

They first filed plans in July of 2022, which were last year amended after almost heading to court after a deemed refusal by the North Sydney Council.

The consortium had proposed two residential towers of 12 and 30 storeys comprising 239 apartments, designed by Rothelowman.

Of those, 161 would be luxury market apartments in the larger tower, and 78 affordable units in the smaller tower in a mix of studio to four bedrooms across the entire project.

A third building of four storeys would act as a “recreation pavilion”. 

Four basement levels would provide parking for 218 spaces at the $250-million development. 

▲ Rendering of the two-tower project now owned by Aland.

Vacant two-storey homes and a four-storey residential building are on the site. 

Aland, an iCIRT rated builder and developer, said the project was a “once-in-a-lifetime world-class luxury residential site”. 

The market apartments would have “exclusive residents-only private club style facilities” with a rooftop pool, sauna, private dining, cellar, lounge, gym, studio and work-from-home spaces.

Aland owner and founder Andrew Hrsto said that the developer had been searching Sydney for 18 months. 

▲ A third building at East Walker Street would provide communal services for residents.

“[We were] trying to find a dream site which would allow Aland to create a stunning luxury offering for buyers reflecting our commitment to the highest quality product featuring world-class finishes throughout,” he said. 

The East Walker Street site is 500m south of the North Sydney Station, 200m west of the Victoria Cross Metro station, and close to Aqualand’s Aura development at 168 Walker Street. 

Aland chief executive George Tadrosse said full construction was scheduled to begin in January.

Aland has been defying the challenges of developing large-scale residential developments in Sydney, taking on collapsed Toplace’s Castle Hill “mess”and a site in Parramatta for $100 million last year. 

Elsewhere, it has a west Sydney entertainment precinct in the works plus a $600-million project at Gosford of 506 units.