Sydney-based investment house Princeton has completed the transformative new Villawood residential project ‘One Place’, worth a combined value of $98 million.
The One Place project, located in the heart of Sydney’s West at 1 Villawood Place Villawood, comprises a total of 161 residential apartments and ground level retail.
The suburb has undergone a massive 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 sought and gained council approval for an additional 42 apartments during the course of construction.
According to founders of Princeton, George Gadallah and Craig Anderson, the project reflects the increasing demand for modern apartments in Villawood’s burgeoning housing market.
Gadallah said: “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.
“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.”
A full Occupation Certificate was issued for One Place in April 2022 denoting physical completion of all construction works.
Settlement of pre-sold apartments has commenced.