Chinese-backed property developer Maville Group plans to demolish 173 Pacific Highway, a four-storey building in North Sydney, to make way for a 11,000 sqm tower. The suburb’s prime office market is tighter at 3.5 per cent, Knight Frank figures show. The demolition of the building, which was built by Chinese company Shanghai International Development Investment Co (SIDC), is part of an ongoing project that will see more than 100 buildings demolished over the next two years.
Chinese-backed property developer Maville Group plans to demolish 173 Pacific Highway, a four-storey building in North Sydney, to make way for a 11,000 sqm tower. The demolition of the building, which was built by Chinese company Shanghai International Development Investment Co (SIDC), is part of an ongoing project that will see more than 100 buildings demolished over the next two years.