Standard Chartered real estate head Mark Ebbinghaus gets Adelaide tower approval
Standard Chartered Bank's global real estate head , Mark Ebbinghaus , has gained approval for a 20- storey residential tower in his hometown of Adelaide. Construction on the $70 million project at the corner of Rundle Street and East Terrace is expected to start late next year after it meets its 50 per cent pre-sales target. "This is one of the most important residential development sites in the city and will be a fundamental feature of the East End, underpinned by its integrated and sensitive design," said Mr Ebbinghaus, who assisted Frasers Centrepoint on its successful $2.6 billion bid for Australand in 2014. "We have received strong inbound interest levels in the apartments at this gateway site to the city and kick starting this project is a significant vote of confidence in Adelaide." apartment tower is due to start by late next year, subject to meeting the 50 per cent presales ..." width="620" class="lazy620x0" src="s...