A new buyer has purchased the site of a planned retirement village in Camden’s CBD.
Colliers International real estate agency was responsible for the sale of the former Camden High School site on John Street on behalf of its current owners, AEH Retirement Living.
Sales agent Nick Estephan confirmed the site had been sold.
"We are very happy with the outcome of the sale to a consortium led by experienced seniors living operator, HT Retirement," he said.
Mr Estephan said the purchaser was not yet ready to provide any details about future plans for the site.
The Advertiser could not find any details online about HT Retirement.
The property was expected to sell for more than $23 million, however Colliers would not provide a sale price.
It is unclear if any further construction work will continue or whether the conditions of sale require the new owner to complete the project.
AEH Retirement Living chief operating officer Michael Rabey told the Advertiser last year that he had intended to sell a section of the site to cover the extensive remediation costs.
“[However], we had such strong interest from various groups for both this separate block, and the whole site, that the owners could no longer ignore the option of finding a new owner for the whole site,” he said.
Mr Rabey said AEH was committed to assisting the new owners to finish the project.
“People who have [already] reserved units are being updated on the process at this time and can maintain their reserved position in the project whilst expressions of interest are taken on the ownership of the site.”
Construction work was expected to begin at the Camden Central Lifestyle Estate site in September this year.
Most of the units proposed for the site have already been purchased off the plan.
The controversial site was extensively re mediated over the past year to make way for the new buildings.
The derelict high school buildings – which had been empty for the past 16 years – were torn down over the past year.
The school was built on the site of an old gas works and all materials from that operation were cleared from the site.
Almost 15 tonnes of asbestos was also removed.