Managing director and founder of Genworth Group, Chris Diamantis, prevailed as the leading buyer of the former Lutheran Church headquarters in North Adelaide, South Australia.
The 1.9ha estate, fronting Ward, Jeffcott and Archer Streets and Wellington Square, recently sold in a mega $50m-plus deal, with nine of the 12 encompassing allotments now owned by Mr Diamantis.
The remaining three allotments sold to anonymous buyers, including a Sydney investor who purchased the State Heritage-listed Hebart Hall for over $15 million.
“We’re probably looking at four different projects in a way that will cater for a variety of demographics,” Mr Diamantis said on his plans with the property.
“We’ll be doing a very large private super high-end residence, as well as build-to-rent – probably two smaller towers with 25 to 30 apartments and we also might do some townhouses for downsizers, and possibly retirement living.
“So I say there would be at least 50 new homes… and we’re hoping to pitch the price point between $3.5 million and $4.5 million, once we established final design.”
Mr Diamantis said his team hoped to break ground on the project in the first half of 2026.
Source: Realestate.
