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Despite the proposed LEP amendments in Mascot still awaiting approval, residential developers have already begun buying future sites
SYDNEY, 23 April, 2013 – New investment in South Sydney’s growing residential development area including Mascot, Wolli Creek and Arncliffe is set to come from Asian developers, according to new Jones Lang LaSalle research.
Sam Brewer, Jones Lang LaSalle’s Head of South Sydney, said that with funding usually already in place prior to purchase and subsequent development of residential sites, it is offshore investors that are the most active.
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