Meriton has acquired a Lewisham residential site for $48.5 million.
The inner west Sydney site has approval for a mixed-use development. The approved master plan consists of seven buildings, ranging between four and 10-storeys over two basement levels, comprising a total of 400 apartments.
The vendor, Lewisham Estates, had the 13,115 sqm site rezoned from industrial to residential.
Colliers International negotiated the sale to Meriton.