Construction Gets Underway at Harbourfront Restoration Project, Putney Wharf

L to R: Versatile Group Chairman and CEO, Marco Fahd, Abadeen CEO Joe Tack, PERIFA Managing Director and Co-Founder, Fabrizio Perilli and Abadeen Executive Chairman and Founder, Justin Brown

Joint venture partners, Abadeen and PERIFA, part of Versatile Group, alongside Phoenix Property Investors and Mitsubishi Estate Asia celebrated the start of construction recently on their $350 million Putney Wharf mixed-use project with Versatile Group’s construction division, Versatile Construction taking part in the formal occasion.

The waterfront masterpiece has achieved a resounding sales result securing $170 million in apartment sales with the majority of the initial launch now sold. Further releases of the townhouses and residences will occur later in 2025 with interested purchasers registering now.

The development team welcomed City of Ryde Mayor Trenton Brown to the milestone celebration, which began with a traditional Welcome to Country.

The landmark heritage adaptive reuse site boasts 300 metres of waterfrontage on the harbour at Putney in Sydney’s northwest, 14km from the CBD.

Located on the historic site of the former Halvorsen’s boatshed, Putney Wharf will comprise a premium, lifestyle-oriented, mixed-use wharf precinct including 67 luxury apartments and townhouses complemented by sophisticated waterfront dining and retail along with a 36-berth marina.

Versatile Group Chairman and CEO, Marco Fahd said: “Putney Wharf is a flagship project for Versatile Group in Australia. As one of the most transformative, significant waterfront projects in Sydney, we are beyond honoured that our construction arm, Versatile Construction, will be responsible for the successful delivery of this project.

“We understand the historical significance of the site and we’re incredibly proud to be breathing new life into it, while celebrating its heritage. We’ll be preserving the original timber structure of Halvorsen Boat Shed and reinterpreting the iconic facade. There’ll also be beautiful artworks and glimpses of the past throughout the precinct.

“Our team is committed to ensuring every stage of this build is delivered to the highest construction standards. With completion targeted for early 2027, we look forward to delivering a project that will be an extraordinary mixed-use precinct for Putney,” he said.

PERIFA Managing Director and Co-Founder, Fabrizio Perilli added: “PERIFA is tremendously proud to be partnering with Abadeen, Phoenix Property Investors and Mitsubishi Estate Asia to deliver Putney Wharf.

“We are committed to delivering a truly exemplar residential waterfront precinct for the future homeowners, marina berth owners and the local community,” Mr Perilli said.

Abadeen’s CEO, Joe Tack commented: “The company was delighted to get demolition and construction underway on the site with a scheduled completion of Q1 2027. “We would like to express our heartfelt thanks to our JV partners, PERIFA, Versatile Group, Versatile Construction, Phoenix Property Investors, Mitsubishi Estate Asia, CBRE.

Residential Projects, architecture consultants SJB and all stakeholders who have contributed to this highly unique project,” Mr Tack said.

“Putney Wharf is already having a transformative impact on the suburb of Putney. We have received particularly positive feedback from the local community and beyond. There is strong excitement and anticipation for what is to come. We would also like to extend our sincere thanks to Mayor Trenton Brown and the City of Ryde for their ongoing support.”

Designed by acclaimed local Sydney architects, SJB, in close collaboration with heritage consultants, Curio Projects, and landscape architects, Dangar Barin Smith, Putney Wharf, located at 20 Waterview Street along Putney’s spectacular harbourfront, will offer three residential components:

1. The Halvorsen’s Apartments. A full restoration of the heritage-listed Halvorsen’s Boatshed, comprising 19 oversized apartments: 17 three-bedroom and two four-bedroom residences.
2. Waterview Terraces. Located on Waterview Street comprising 18 three-storey, four-bedroom terraces.
3. The Residences. Consisting of two new-build three-storey apartment buildings, offering 30 apartments: a mix of two-bedroom and three-bedroom.

Nearly half of Putney Wharf Residences are sold, including all two-bedroom apartments. Three-bedroom apartments start at $3.9 million, with four-bedroom terraces officially launching later this year starting at $4.5 million. There is also one remaining 246sqm four-bedroom penthouse in the heritage-restored Halvorsen’s Apartments featuring uninterrupted 180-degree harbour views.

Putney Wharf stands as a testament to the shared vision of the JV partners to create vibrant, community-centric spaces that cater to the evolving needs of modern living.

The three-storey, four-bedroom Waterview Terraces will be released later this year providing interested purchasers and families with the rare opportunity of securing a stunningly designed waterfront property with direct access to their own private harbour beach.

Registrations of Interest are now open. For further information, please visit www.putneywharf.com.au or call CBRE Residential Projects on 1800 572 020.