Balfour Place named best mixed-use development at PropertyGuru Asia Property Awards
Following its full project sell-out amid commencing construction just last month, Third.i’s $180 million project, Balfour Place has taken home the win for two awards at this year’s PropertyGuru Asia Property Awards.
The Lindfield project was officially named the Best Low Rise Mixed Use Development of 2022 along with receiving the country award for Best Mixed Use Development (Australia) in the grand final.
The award-winning project sold over $100 million in sales in its launch weekend alone, shortly securing the final sales thereafter to achieve its sell-out status.
After conducting market research and listening to the needs of the community, Third.i reduced the number of apartments on its development application as there was high demand for spacious living arrangements.
As a result, apartment numbers were dropped from 70 to 59, with the residences set to sit atop a new 4,500 sqm Coles Supermarket, a cafe and a heritage building that will be restored and leased as a commercial office space and beauty offering.
Balfour Place comprises a collection of one, two, three and four-bedroom apartments with sweeping views to the south-west, topped by a residents-only rooftop garden with communal facilities and a central podium courtyard with fresh greenery.
Construction crews have now kick-started works to bring the award-winner to fruition, with Australian builder Conquest appointed to the build, with completion slated for November 2024.
Third.i. Co-Founder, Luke Berry said Balfour Place is a prime example of how the group is building communities that align with the needs of the market.
“The level of design and architecture has been carefully curated and I think it’s struck a chord with buyers who have recognised that we had larger living spaces on offer in an idyllic location with lifestyle amenities on your doorstep," he said.
“It truly will be a legacy destination for the area and we couldn’t be more thrilled to commence construction,” concluded Berry.