Ashurst has advised Sekisui House in its acquisition of a 9.4 hectare super site located on the most northerly point of the peninsula suburb, Wentworth Point, in a deal worth A$360 million.

The residential property builder and developer, one of Japan's largest homebuilders, won the Roads and Maritime Services' competitive tender, managed by UrbanGrowthNSW, with a proposal featuring a mixed-use master plan community of 2,000 apartments.

 The site is one of the largest available on Sydney Harbour and offers true north views across the Parramatta River and direct easterly views of the CBD, including the Sydney Harbour Bridge. The development will include multiple towers of up to 25 stories in height and will be developed across a number of stages. Apartments will be designed to capitalise on the district views and will feature absolute foreshore connectivity, pocket parks and direct access to the Sydney Olympic Park Ferry.

The acquisition is one of Sekisui House's most significant milestones since entering the Australian market in 2009, and firmly positions Sekisui House as one of the foremost property developers in the country.

Lead partner in the deal Pauline Tan comments: "We are delighted to have advised Sekisui House in this significant acquisition at Wentworth Point. The site is an excellent addition to the company's existing developments and we are pleased to have advised on this milestone."

The team was led by Pauline Tan, partner Barbara Phair, counsel Lindy Randall, senior associate Elke Scevak and lawyer Joy Yi.