Tim Gurner, Qualitas take control of Jam Factory after $180m raising
The revised Gurner-Qualitas plans for the Jam Factory include 15,000 square metres of commercial office space, more 20,000 square metres of retail, a new Village Cinemas complex, two hotels and four residential towers, with a combined end value of $2.75 billion.
The Australian adds
While apartments will start from $750,000, they will range up to more than $30m for the penthouses, which would smash records in the city and top prices for landmark city towers.
The developer’s personal touches include a 10 metre-high library and lounge area, a large outdoor pool with formal gardens and tea house, a cigar lounge, afternoon tea drawing rooms and a large art collection along with Gurner’s much-vaunted wellness facilities.