EG’s Herald Apartments Win Award For Excellence In NSW Regions

EG and joint venture partner Stronach are humbled to have been named as winners of UDIA NSW’s Excellence in NSW Regions Award for their Herald Apartments. The 3025sqm mixed-use development, acquired for EG’s Yield Plus Infrastructure No. 1 Fund (YPI1), is located at 28-30 Bolton Street, Newcastle, NSW boasting expansive harbor and ocean views.

Completed in 2019, the $80 million development celebrates the restoration of the 1879 heritage façade of the Newcastle Herald offices, and the construction of 116 residential apartments in a contemporary setting.

“The Herald Apartments encapsulate the spirit of Newcastle’s proud heritage and bright future,” said EG Developments Director, Grant Flannigan. “The project offers a wave of owners and tenants the opportunity to remain connected to the community through its boutique apartments and commercial spaces.”

L to R: EG’s Jacqui Willing and Developments Director Grant Flannigan were honoured to accept this award on behalf of the team.

Designed by multi-award-winning architects Fender Katsalidis Architects and built by Richard Crookes Construction, the Herald Apartments are a prime example of EG’s ability to fuse heritage buildings and local history with contemporary urban design.

Founded in 2000, EG is investing $3.2 billion in real estate on behalf of super funds and private wealth clients to generate outstanding returns with lasting social impact. With $4.3 billion in development pipeline, and 16.7% per annum in realised IRR for institutional funds, EG is committed to finding a better path to better returns.