EG Funds Targets Tricky Sydney Site with $138m Housing Play

EG Funds Management has filed plans for a $138 million residential scheme in Sydney’s north, using NSW’s Housing Development Authority pathway to redevelop a long-vacant office site on a steep, forested block.

The proposal at Pennant Hills comprises two seven-to-eight-storey residential buildings across the site that has a fall of more than 20 metres.

The two blocks would yield 146 apartments, including seven affordable units, comprising 47 one, 73 two, 23 three and three four-bedroom units.