Desane is a diverse Australian property group with extensive experience in property development. Desane has a proven track record of delivering prime development projects, rezonings and development approvals across Sydney – particularly the inner western suburbs.
159 Allen Street, Leichhardt
In April 2018, Desane acquired this 2,782m2 warehouse site, with masterplan zoning approval for approximately 50 residential apartments. The property is located 200m from the Hawthorne Light Rail Station, as well as being a short distance to other public transport and the Norton Street shopping precinct. The University of Sydney and the Royal Prince Alfred Hospital are also in close proximity.
Development plans for the site are being prepared for lodgement of a Development Application.
91 Thornton Drive, Penrith
The site, located on Thornton Drive, Penrith, has an area of approximately 1.2 hectares with an 88m frontage to Thornton Drive.
The property falls within the ‘Thornton’ Master Plan and is located within 400 metres of Penrith Railway Station, 500 metres of Westfield Penrith Plaza, the Penrith CBD and with easy access to the new WestConnex Motorway, the Penrith Nepean Hospital and the future Western Sydney Airport.
Development plans for the site are being prepared for submission of a planning proposal seeking to amend the zoning and the maximum building height that applies to the site. This will enable the development of a unique project and will assist the Penrith Local Government Area in fulfilling its vital role as one of Sydney's regional city centres.
68-72 Lilyfield Road, Rozelle
In 2012, the NSW Government and Urban Growth's Bays Precinct Taskforce identified the Rozelle Rail Yards - a sub precinct in which Desane's 5,200m2 property at 68-72 Lilyfield Road, Rozelle is located, as an area for urban renewal in the medium to long term. In 2013, Desane considered the opportunity to rezone its property for mixed use purposes, in order to meet Sydney's growing demand for housing stock and commercial floor space. From 2013, Desane commenced a program of discussions and engagement with the NSW Department of Planning & Environment ("NSW DPE") and other key stakeholders with the view to rezone the property in which residential development would be permitted with consent.
In June 2015, Desane lodged a formal Masterplan and Rezoning proposal with the NSW DPE that would amend the zoning of the subject site to the standard "B4 Mixed Use" zone. The proposed development of the site includes: Approximately 200 residential apartments; 1,800m2 of retail, commercial and community floor space; and a 90 place childcare centre.
The property is currently subject to a NSW Supreme Court injunction, following action taken by Desane to prevent its compulsory acquisition by the RMS for the WestConnex project. A decision on this matter is expected to be handed down by the Supreme Court in late April 2018.
47-51 Lilyfield Road, Rozelle - Easton Rozelle
This boutique development, Easton Rozelle, was completed in December 2015. The project comprised 32 apartments, including 14 one bed, 16 two bed and 2 three bedroom apartments. The development was marketed for sale by CBRE Project Marketing and generated approximately $32 million in gross sales revenue for the Group.
316-332 Burns Bay Road, Lane Cove
In the mid 2000's, Desane and its project team commenced the process of rezoning the former industrial property to high density residential - a process that ensured a more compatible and economic use of the land, whilst enabling Council to meet its sub regional planning requirements for housing.
In 2012, Desane, obtained development approval for the site for a 218 residential apartment complex. The project comprised 5 separate apartment buildings, containing a mix of well sized 1, 2 and 3 bedroom apartments, ranging from 6 to 8 storeys.
Desane sold the residential development site for $40 million in 2014.