Pyrmont

Location

Pyrmont is an inner-city peninsula suburb in close proximity to the Sydney CBD (3 km) surrounded by the harbour on three sides. Its close proximity to the CBD makes it a desirable area with easy access via buses, ferries and the light rail.

Pyrmont was identified as a growth suburb and can expect more employment, residential dwellings and entertainment/hospitality areas to be developed utilising the under-developed land, whilst balancing the pre-existing heritage and character aspects of the suburb.

Loan Purpose

To assist with the settlement of the property, which has existing approval from the Sydney City Council for a five-level commercial office building.

Exit Strategy

To refinance into a construction facility.