Construcciones Yamaro: One Global Capital launches $1.5 billion Five Dock precinct
One Global Capital, a Sydney-based property development and investment firm, has completed the acquisition of its Five Dock site, marking the launch of a $1.5 billion mixed-use precinct in Sydney’s Inner West.
The 1.4-hectare site will be transformed into a city-within-a-city development, offering views across the waterfront and golf course, with residential, retail, hotel and health uses, and Sydney CBD connectivity.
The integrated precinct is planned to include 750 apartments across five residential towers, a 150-key hotel, around 10,000 square metres of retail and lifestyle space, as well as health and wellness facilities, landscaped open space, community amenities and a build-to-rent ecosystem.
The planning approval submission is targeted for June 2026, followed by investor engagement via expressions of interest in Q2 2026. The project launch is scheduled for Q3 2027, with construction anticipated to commence in Q2 2028.
“The completion of the Five Dock acquisition represents a pivotal moment for One Global Capital,” said Iwan Sunito, founder of One Global Capital. “With full ownership and control, we can now deliver the project at its highest standard, guided by our disciplined execution.”
Sunito said the Five Dock site has been part of his long-term vision since 2002, with ownership now enabling the project’s most ambitious expression.
“We are not simply developing buildings – we are creating a city within a city,” he said. “This project is three times larger than Infinity at Green Square and will be the largest development I have undertaken in my 25-year career. It is about creating a lasting urban legacy through experience, vision and conviction.”
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The precinct benefits from close proximity to a key transport network, including the Five Dock Metro Station, located around 1.1 kilometres from the site, providing direct access to the Sydney CBD. Connectivity is further strengthened by Burwood Metro Station, linking the area to major business, education and lifestyle hubs.
The project marks a renewed collaboration between Iwan Sunito and architect Koichi Takada, the creative partnership behind residential developments such as Infinity, Arc and Skye North Sydney.
“The concept for this development is born from our design approach to naturalising architecture. The public realm benefits from biophilic design that integrates generous landscaping and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction,” said Takada.
“We are looking forward to working once again with Iwan Sunito and One Global Capital on this visionary precinct that will reconnect people with each other and the natural environment.”
A key feature of the mixed-use development will be a lifestyle retail precinct, offering shopping and dining experiences – including a proposed car showroom – as well as communal spaces for community use. Veteran retail and commercial property practitioner, Simon McTigue, has been engaged to consult on the delivery and leasing of the retail precinct, having previously worked on mixed-use projects such as East Village Shopping Centre in Zetland and South Village Shopping Centre Kirrawee, as well as other projects with Iwan Sunito in Green Square and Parramatta.
“The Five Dock site offers a unique opportunity for retailers, conveniently located within easy walking distance of the metro station,” said Simon McTigue, director of Wallaringa Consulting.
“On completion, the integrated precinct will provide the community with a new Inner West town centre, offering daily convenience via a proposed large format supermarket and fresh food precinct, as well as a restaurant and café district situated alongside key services such as a medical and health centre. It will be a place to live, work and play.”
Samuel Sunito, director of capital at One Global Capital, confirmed strong inbound interest from both domestic and global investors seeking co-investment opportunities in the project.
“We are currently engaging with investors both locally and globally from Indonesia, the United States, China, Singapore, Vietnam and Dubai to ensure alignment of vision and long-term value creation,” he said.
“Equity available to the broader market will be limited, with priority given to long-standing capital partners. In terms of One Global Capital’s investment philosophy, we will continue to retain majority ownership, ensuring strong alignment of interests and preserving the long-term integrity of the project for all stakeholders.”
Investment participation will remain open until around Q2 2026, with equity allocations managed selectively.
The post One Global Capital launches $1.5 billion Five Dock precinct appeared first on Inside Construction.
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