, where it already has more than $450 million of residential and commercial projects under way, with plans to acquire two more development sites this year.
“There’s a number of housing associations and not all have the same structure, but in the case of Paragon, they will pay 50 per cent of the value of their purchase on completion and the balance throughout the build, which reduces our requirement,” he said. In Britain, Mr Dadd said it was rare to have an approved residential housing scheme without an affordable housing component, often to enable key workers such as nurses and teachers to live close to their workplace.Third.i was introduced to the London market’s potential by former Australian rugby player Gareth Hardy, now a director of the company, a move which has also exposed it to new investors and funding options.
“It’s opening doors to potential JV and capital partners that we would never have got just being a Sydney or Australian-based developer.”Mr Berry said work had started on Graphite Square, a mixed-use project with 160 apartments and 7500 square metres of collaborative work space, funded by Pacific Tiger Group and Rykadan Capital, both based in Hong Kong.