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Plans by Dexus for a 13-storey shoptop tower that would upgrade an ageing asset in Sydney’s Eastern Suburbs are among the latest to win state significant status.
Dexus and other development heavy-hitters Toga, Urban Property Group and Central Element are among developers to gain SSD status under the latest tranche, announced by NSW planning minister Paul Scully this week.
Among assets it took over when it acquired AMP Capital in a billion-dollar-buyout in 2023, Dexus plans 237 apartments as part of the scheme for the Royal Randwick Shopping Centre, 7.5km south-east by road from the Sydney CBD.
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