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Double Bay icon to be returned to its former glory

Property Markets / Transactions

Australia / Sydney

Jul 10 2018

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A company lead by well-known Sydney developer Eduard Litver has acquired the retail-component of the iconic Cosmopolitan Centre Double Bay from Stamford Group. Mr Litver plans to rejuvenate the island precinct as a sophisticated, world-class venue reminiscent of its indulgent past with a modern twist.

Mr Litver is an active property investor, developer and Double Bay resident for over 25 years, well known in the local community as a visionary and successful entrepreneur.

He has been involved in numerous prestigious developments, including PACIFIC Bondi Beach, which won several national architectural and design awards and redefined Bondi’s beachfront retail and hospitality experience.

Mr Litver is confident that his tried and tested development method will see another historic Eastern suburbs landmark be reborn in the Cosmopolitan.

“I believe we are at a pivotal juncture in the resurgence of Double Bay and I look forward to working closely with the local council and the centre’s long-term tenants to give this icon the thoughtful transformation it deserves,” he said.

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