Mosman's Redan Lane is off to a record-smashing start.
Construction of Mosman's most expensive apartments began last month with locals paying a record $19m and $19.5m each for a couple of off-the-plan units. And that's not even the top price for a home in the exclusive Redan Lane development.
Three more apartments will be offered above Balmoral Beach, including a three-bedroom home asking $13.5m and a four-bedroom residence with a price tag of $23m. Those numbers are head and shoulders above the giddy heights of Mosman prices.
Redan Lane is a $125m residential project of seven luxury residences in Redan St developed by Prosker and due to be completed by the end of next year.
Prosker chief executive Tim Foote says two Mosman downsizers and an investor bought $51m worth of off-the-plan property at Redan Lane last November, a fourth home will be retained by the developer and three will be offered for sale closer to completion. The $23m apartment will have four bedrooms, four bathrooms, two livingrooms, a six-car garage and a private wine cellar.
Foote says there is an appetite, even at the $23m level, for luxury low-maintenance living in Mosman.
“Local downsizers are the dominant market,” he says. The three- and four-bedroom apartments range in size from 205sq m to 270sq m and include either two garages or garaging for four cars. Every residence offers EV charging facilities, court yards and terraces for alfresco dining, and there is a golf room with simulator.
Redan Lane has been designed by Studio Johnston with interiors by Mim Design and landscaping by Dangar Barin Smith. Construction is in the hands of Trescon.
And the residences will offer panoramic views over the ocean. “Redan Lane isn't just a project; it's a testament to our dedication to excellence and innovation in collaboration with Prosker,” says Trescon director Michael Kounellis. “Together, we are setting new standards for luxury living in the Lower North Shore.”
Prosker chief executive Tim Foote says: “We're creating a place wher eluxury meets tranquillity, offering our residents an exclusive retreat in the heart of Balmoral.”
This article was orginally published here.
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The Urban Developer: Prosker Kicks Off Prestigious Redan Lane Project
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Construction Commences on Balmoral's Exclusive Redan Lane Development
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Last updated: 20 October 2023
Prosker Pty Ltd and its related companies (collectively referred to as "Prosker Group", "us" or "we") respect the privacy and security of your Personal Information, as defined below, and comply with the requirements of the Australian Privacy Principles ("APP") under the Privacy Act 1988 (Cth) ("the Act").
This Privacy Policy explains in general terms how Prosker Group handles your Personal Information. However, it does not apply to Prosker Group employee records to the extent they are handled by any of our companies that is or was the employer of that employee in relation to the employee's current or former employment. Such employee records are generally exempt from the Act and will be dealt with as permitted by law.
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Under the Act Personal Information is defined as information or an opinion about an identified individual, or an individual that is reasonably identifiable, in whatever form and regardless of whether it is true or not ("Personal Information"). The Act also defines a subset of Personal Information as sensitive information (for example health records, racial or ethnic origin, religious beliefs, criminal records).
The types of Personal Information we collect and hold will depend on the circumstances of collection and on the type of service we are providing.
We may also collect and hold certain sensitive information that is reasonably necessary for the provision of our services. If you provide us with any sensitive information, you consent to us collecting that information and handling it in accordance with this Privacy Policy.
We may collect Personal Information either directly from you, or from third parties. We may collect this information when you deal with us over the telephone, send us correspondence (whether by letter or email), have contact with us in person, visit our websites or complete hard copy or online forms.
Depending on the type of service you or our customers have requested, we may also seek to collect information about someone else from you (for example, contact details of your solicitor, emergency contact person or tenant). However, you must not provide us with Personal Information about another person unless you have clear consent from that person to do so, told them that their Personal Information will be handled in accordance with this Privacy Policy and directed them to where they can find it.
Regardless of how it is collected, we handle Personal Information in accordance with this Privacy Policy.
We generally collect, hold and use your Personal Information for the purposes for which it is provided to us (which will usually be obvious at the time of collection), related purposes or as permitted or required by law. Such purposes may include:
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- administration of our business, such as collection of overdue commissions or outstanding fees;
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We generally use information automatically collected by cookies and other tracking technology to identify you as a valid user, ensure that no one else can sign on simultaneously with your account from another computer and help us serve you better based on your registration preferences.
We may also use cookies to help us facilitate any promotions or surveys that we provide. We may also use cookies to enable us to collect data that may include Personal Information. For example, where a cookie is linked to your account, it may be considered Personal Information under the Act.
We will handle any Personal Information collected by cookies in the same way that we handle all other Personal Information as described in this Privacy Policy.
Third parties whose products or services are accessible on our websites may also use cookies, and we advise you to check their privacy policies for information about their cookies and other privacy practices.
We may disclose your Personal Information to third parties as may be necessary for any of the purposes stated in the above section. Such third parties generally include our third party providers, contractors, consultants, agents and/or representatives (such as law firms, banks, financial institutions, insurers, IT providers, mortgage referral services providers and/or wealth management services providers) who provide services to us or on our behalf, including to:
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- government authorities, regulatory bodies, law enforcement agencies, courts, tribunals and/or parties to the legal proceedings where you have consented to this or we are required or authorised to do so by law;
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However you acknowledge that, by agreeing to the disclosure of your Personal Information to the above third parties, you consent to the disclosure of your Personal Information outside of Australia and acknowledge that we are not required to ensure the overseas recipient's compliance with Australian privacy law in relation to your Personal Information and we will not be liable to you for any breach of Australian privacy law by these overseas recipients. We will, however, take reasonable steps to ensure that any overseas recipient will deal with such Personal Information in a way that is consistent with the APPs. On this basis, you consent to such disclosure.
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You can access the Personal Information we hold about you by contacting us using the information below. Sometimes, we may not be able to provide you with access to all of your Personal Information and, where this is the case, we will tell you why. We may also need to verify your identify when you request your Personal Information.
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If you wish to make a complaint about a breach of this Privacy Policy or the APPs under the Act you can contact us using the contact details below. Please include your name, email address and/or telephone number and provide sufficient details regarding your complaint together with any supporting evidence.
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If you are not satisfied with our determination, you can contact us to discuss your concerns or contact the Australian Privacy Commissioner via www.oaic.gov.au.
Prosker Group may update this Privacy Policy from time to time so please review it periodically for changes.
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If you have a query relating to this Privacy Policy or wish to make a complaint, please contact us using the following contact details:
The Office Manager
Prosker Group
2 Markham Close
Mosman NSW 2088
Email address: info@prosker.com.au
Phone: 0416 090 191
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