CCBR Business Review

15 M A J O R S T O R I E S Local People - Local Knowledge Local Service - Global Solutions For all your business insurance requirements Phone: 4355 9999 Fax: 4355 9977 www.abcentralcoast.com.au Unit 4/3 Pioneer Ave. PO Box 3009, Tuggerah NSW 2259 AFS License No: 244618 INSURANCE BROKERS Businessman Tony Denny who owns the Gosford Classic Car Museum and founded the property development company Central Real presently has seven residential projects underway in Gosford and Terrigal. Central Real accounts for five cranes in Gosford and two in Terrigal. Central Real’s projects include: • MARINA – Lynne Ave, Point Frederick 29 apartments – 6 levels Completion early 2019 • VUE - Kendall Street, Gosford 54 apartments – 8 levels Completion early 2019 • ICON – Kendall Street, Gosford 47 apartments – 8 levels Completion mid-2019 • SCENIC – Donnison Street West, Gosford 33 apartments – 6 levels Completion early 2019 • AQUA – St George St. West Gosford 60 apartments – 8 levels Completion – end 2019 • PENINSULA – Albany St. Point Frederick 100 prestige apartments across 3 buildings Construction to start February 2019 • ELYSIUM – 156-160 Terrigal Drive Terrigal 64 Apartments – 6 Buildings Completion end 2019 Pinnacle Constructions Sydney builder and property developer Pinnacle Construction Group has started construction on Merindah a 140 apartment development over 15 levels with three lev- els of basement car parking and featuring a podium garden with fantastic water views for the use of residents at 21-23 Mann Street, Gosford. Meanwhile, over the past year Pinnacle Constructions has added two high profile Gosford properties to its portfolio of develop- ment sites that will give it a pipeline of over $500 million worth work for the next five years. Pinnacle Founder and Managing Director, Joe Bechara said that Gosford offers some of the best water views and lifestyle opportunities in the state and the State Government now backing its revitalisation the city’s future is ensured. “This has given us the confidence to invest and make the Coast our future,” said Mr Bechara. Mr Bechara’s buying spree has netted him some of the most talked about proper- ties in Gosford. Henry Parry Drive, Gosford. Pinnacle acquired a 2,000 sqm site with Development Approval for 100 apartments in June. Marketing of the project to be named Sapphire will commence in early 2019 with construction planned to start around the end of the year. . Mr Bechara said, “we are genuinely excit- ed and committed to this development.” John Whiteway Drive, Gosford This property is right on the top of the hill overlooking all of Brisbane Water and Gosford and comprises some 9,500 sqm. It was acquired with a current DA for 180 units. Pinnacle has lodged a new DA with a number of design improvements. A number of other development projects around Gosford are also under construction. Vicinity a 24 unit luxury boutique devel- opment at 46 Albany Street, Point Frederick is one which has attracted high profile investors like former Australian cricket cap- tain Michael Clarke who is part of a private equity group financing the project. Merindah Apartments now under construction by Pinnacle Construction Group An aerial view (taken November 2018) of Central Real’s Kendall St. Gosford projects showingVUE in foreground and ICON CENTRAL COAST BUSINESS REVIEW YEARBOOK 2018