Yuhu has yet to submit development plans, but will do so in consultation with the local council and the public.

The Sydney-based company made headlines in early 2018 for buying out both Jewel and One Circular Quay from China’s Dalian Wanda after Beijing ordered Wanda to relinquish its overseas investments.

The group’s other key project, the residential project in North Sydney, The Miller, has also topped out. The building has 169 apartments and 100 serviced apartments.

Yuhu, which has made no secret of its plans to invest in more commercial property, is also due to settle its $380 million purchase of the Bakehouse Quarter from Blackwall.

The group bought the six-hectare major commercial and retail precinct on biscuit maker Arnott’s former factory and warehouse site in 2017.

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