Chris Diamantis buys Lutheran Church estate in SA for over $50 million

·

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.

The former Lutheran Church site will be turned into a residential estate, featuring a mixture of housing options. Photo: Realestate.

“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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Orthodox Mission in Madagascar uplifted by Australian generosity

As Bishop Theophilos prepares to return to Madagascar, he issued a statement expressing his deep gratitude for the support and affection.

Aaron Zerefos Enterprises acquires Fresco Beverages 

Aaron Zerefos has announced the acquisition of the Fresco Beverages business, enhancing his hold on the Australian drink distribution market. 

Feros Group to take over premier waterfront venue in Darling Harbour

The Feros Group has announced they now own and operate the iconic Helm Bar & Bistro in Sydney's Darling Harbour.

Peter Mamouzelos aims to play in Greece as rugby league grows

Peter Mamouzelos has expressed his ambition to play rugby league in Greece, a goal that has been hindered in the past due to the sport's ban.

Trust-building steps taken in Cyprus, but peace talks still elusive

Cyprus' rival leaders, Greek Cypriot President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar, made some progress on Wednesday.

You May Also Like

Paul Nicolaou sounds alarm on impact of Glebe Island port demolition

Sydney’s New Year’s Eve fireworks face an uncertain future as plans to redevelop Glebe Island port for housing gain traction.

Pfizer CEO, Albert Bourla, receives top Greek honour for his work developing COVID vaccine

Albert Bourla was awarded the medal of the Golden Cross of the Order of the Redeemer by Greek President, Katerina Sakellaropoulou.

Greek language students celebrated at the Dionysios Solomos Awards

Young students who excelled in Modern and Classical Greek in the NSW HSC were recognised at the annual Dionysios Solomos Awards on Sunday.