Property developers Equicentia and Wingala Capital are planning a boutique project with 12 luxury apartments on Manly’s sought-after Victoria Parade, joining tycoons ranging from former gaming mogul James Packer to data centre developer Robin Khuda who are active in the area.
Property developers Equicentia and Wingala Capital are planning a boutique project with 12 luxury apartments on Manly’s sought-after Victoria Parade, joining tycoons ranging from former gaming mogul James Packer to data centre developer Robin Khuda who are active in the area.
The two are capitalising on the wave of interest in Manly as it transforms from beach enclave to encompassing a more high-rise lifestyle as residents want to be close to the famed beach and cafe scene.
The upper floors of the planned development at 9–11 Victoria Parade will sport panoramic views over Manly Beach and North Harbour and works are already under way after they picked up the site for $23.5m.
Demolition has been completed on the 598sq m site to make way for the dozen apartments, including three full-floor penthouses with views towards the ocean and the harbour with city views. There will also be four ground-floor retail and commercial tenancies.
The project is personal for Equicentia managing director Ashwin Arumugam and Wingala Capital managing director Christopher Howard, who had worked at Chinese developer Poly Developments & Holdings local unit.
“As a northern beaches local for the past decade – and with my wife having lived here her whole life – it’s a genuine privilege to contribute to a community we deeply care about. This site has sat dormant for many years, and we’re proud to play a part in reactivating it in a way that respects and enhances the unique beauty of Manly,” Mr Howard said.
They have linked with Monark Property Partners to deliver their latest acquisition, dubbed “De Ville” – an ode to the remnant heritage building that will be integrated into the final development.
The project is just steps from Manly Beach, Manly Wharf and The Corso and city workers have direct ferry access to the Sydney CBD in under 20 minutes.
This duo has experience in high-end development in Sydney’s blue-chip enclaves. The two are developing 10 luxury residences at 111 Chandos Street, Crows Nest, near the newly opened Crows Nest Metro station. The project, designed by SJB Architects, is expected to set a new pricing benchmark for the area, given each level will house just two half-floor residences of 140sq m each.
“We see the lower north shore and northern beaches as two of Sydney’s strongest residential markets, and we’re actively pursuing new opportunities in both,” Mr Arumugam said.
Pre-sales for both Manly and Crows Nest are scheduled to launch in October and November respectively, with construction on Manly commencing later this year and Crows Nest in early 2026.
De Ville will also be the first development in Manly to feature 10-year latent defects insurance.
LDI goes beyond traditional warranties by providing first-resort insurance against major structural defects for 10 years.
Two-bedroom apartments in the Manly project start from $3.5m and three-bedders start from $6m. The developer is taking expressions of interest for the three full-floor penthouses. The penthouse comes with a private rooftop terrace and three car garage.
Media Coverage
This story was also published on The Australian website – See article here. Project was also featured on Apartments.com.au