China’s Greaton Group (formerly Zhengtang) has committed to building the $300 million West Franklin apartment complex in Adelaide’s West End.
The two-tower complex will create 1350 construction jobs and provide accommodation for more than 1000 people. This will range from apartments to suit those on low incomes to exclusive penthouses.
The first stage of West Franklin comprises 280 one and two-bedroom apartments over 22 levels priced from $270,000 for studio apartments and up to more than $2.1 million for a penthouse. It helps to fulfil the South Australian Government’s agenda to encourage more people to live in Adelaide’s central business district. The project is expected to be completed in 2019.