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Media: Thirdi Breaks Ground on Sydney’s Balfour Place

Media: Thirdi Breaks Ground on Sydney’s Balfour Place

Luke Berry’s Thirdi has won two major prizes at Asia-Pacific’s biggest real estate awards program, but if there was a trophy for persistence, the developer might have taken that as well.

This article was originally published in The Urban Developer by Ralph Nicholson.

Thirdi’s $180-million shoptop development in Lindfield—designed by Rothelowman and being built on Sydney’s North Shore—was named best low-rise mixed-use development for 2022, and in the grand final was also awarded best mixed-use development in Australia.

The Property Guru Asia Property Awards were announced in Bangkok at the weekend.

And delighted as he is with the award, Berry is possibly more proud of the ground-breaking ceremony last week.

“To say we’re proud of this incredible achievement is an understatement,” Berry said.

“But I think we’re very lucky with what we’ve done with the site.”

“We bought it well, we’ve obviously sold 100 per cent of the apartments off the plan in April this year for record prices and that’s allowed us to get funding support, which is very difficult in this market.”

To be called Balfour Place, it is the fourth collaboration between the Sydney-based developer and private equity group Phoenix Property Investors.