House buying


Sydney property developers Central Element (CE) and Develotek’s rare waterfront site, Bianca Drummoyne, appoints acclaimed builder, Trescon, to deliver the luxury residences following recent sales launch success. Construction is on schedule to commence early 2024.

Ranking as one of the top performing apartment projects in Sydney according to[1], Bianca sits in an elevated position on the northern edge of the peninsula and consists of 12 generous house-like proportioned three and four-bedroom waterfront residences with unparalleled water views of Drummoyne Bay, out to the harbour and the city’s stunning skyline.

As the first new waterfront project to be released in Drummoyne since 2020, interest in the once-in-a-generation Bianca has been significant, achieving record prices for the area following its recent launch to market. A selection of three and four-bedroom residences are now selling through McGrath sales agents Tracey Dixon and Rob Alfeldi, with prices starting from mid to high $3m’s and high $8m’s for direct waterfront residences. A display gallery is now open by private appointment in Hunters Hill.

Cameron Porter, Central Element’s Head of Sales commented on Bianca’s success and the type of buyer it is attracting;

“What sets Bianca apart is its generous floorplans, rare position and harbour views. The extravagant north-facing residences range from 120 to 290 square metres internally with 10-13 metres of water frontage. In terms of the buyer, we’re seeing that downsizer or empty nester, primarily from Hunters Hill, Balmain, Longueville and Drummoyne, drawn to the product for its house-like proportions and prime waterfront position as they are often coming from large waterfront homes themselves.”

Following a considered selection process, CE has appointed the iCIRT certified and renowned Sydney construction company Trescon to bring the creative vision for Bianca to life. Trescon boasts strong experience across a diverse portfolio of projects with a passion for high-end luxury residences, notably the revamp of a 1928 Wunulla Road, Point Piper residence led by architect Richard Stanisich and sold for $69 million.

Working with award-winning multi-disciplinary architecture and design firm, SJB, Trescon will create a home completely connected to its location. The architectural design of Bianca is refined, built around the framing of the glittering waterfront views with the expansive floor-to-ceiling glazing and large open rooms exuding the opulence of a stand-alone house. The materials used all tie back to light and neutral tones, while elegant brickwork with refined details speak to the longevity of the design.

“We are proud to partner with Trescon on our landmark Bianca development. Our vision at CE is to redefine luxury living through the creation of house-like apartments in prime locations that consistently surpass expectations and establish new benchmarks for the areas. It is important to us that we have partners who share this vision, and it was clear by Trescon’s reputation and proven track record for delivering projects to the highest standards that they were the perfect choice to execute this project,” said Nathan Chivas, Managing Director of Central Element.

"With Trescon on board, we are confident that Bianca Drummoyne will become an iconic waterfront development that sets new benchmarks in the Inner West. We look forward to our collaboration and the opportunity to create something extraordinary," said John Fernandes of Develotek.


Every place has a story— remarkable and intriguing. At Central Element, they see it as their mission to faithfully and authentically unearth these stories, then translate them into places that genuinely enrich and inspire the communities they belong in.

Central Element is a privately owned company that brings together the expertise of three industry experts - Wayne Chivas, Shane Smollen, and Nathan Chivas. With nearly a century of hard work and expertise behind it, Central Element has built a strong and powerful team that has helped create a multi-billion dollar portfolio of luxury developments, including residential, mixed-use, and hotels throughout the Sydney metropolitan area.

At Central Element, the focus is on finding sites with a unique story - whether it be a breath-taking natural setting, cherished traditions, or captivating characters - and preserving and protecting these stories with sustainability measures embedded into every step of the development process.

In 2022, Central Element launched the highly successful Ethos development in Chatswood. Central Element also completed boutique residences in Mosman and Coogee. This year includes the highly anticipated release of the Hyde Park site, further development of heritage listed Ballamac House and a debut in Sydney's Inner West with a waterfront project in Drummoyne. Construction will also continue at Pienza Neutral Bay, and the team will continue to preserve and celebrate the story of West Olympia Theatre in Paddington as it transforms into a leading hotel and entertainment precinct.

About Develotek

Develotek is an Australian property development and investment group specialising in the creation of exceptional living experiences throughout the Sydney Metropolitan area.

The team at Develotek seeks to procure exceptional projects with unique attributes and a point of difference, providing an ideal canvas for the best design, planning, and lifestyle outcomes for future residents.

Develotek highlights these distinctive site attributes and brings them to life through a meticulous in-house design and development management process. They collaborate with a team of best-in-class consultants and delivery team, carefully selected for their expertise to ensure the best outcomes are possible for each project.

At Develotek, it is strongly believed that a great place is one that emerges from the collective brilliance of industry-leading minds, boasting a distinctive flair that fosters a profound sense of pride among both developer and residents alike.

About Trescon

Trescon is a Sydney based construction company renowned for delivering projects on time, within budget and to the highest standards.

Founded by Michael Kounellis and Nick Rodopoulos, Trescon boast an impressive portfolio of $500m in projects ranging from commercial and boutique hotels to high-end luxury residences – notably the $69m Wunulla Road, Point Piper residence, a private home contracted by architect Richard Stanisich.

Trescon maintain the highest global system standards with a 3.5 Star iCIRT rating, ISO certification in Health & Safety, Quality and Environment, in addition to a CM3 pre-qualification.

[1] According to the PropTrack Sydney Market Update, Thursday 19 September 2023
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