Luxury housebuilder Genworth Group recently purchased the former Lutheran Church headquarters in North Adelaide, with the intention of developing new residential homes on-site.
Managing Director and Founder of the housebuilder, Chris Diamantis, now owns nine of the 12 allotments on the 1.9ha estate, after the $50m-plus deal took place.
The site fronts Ward, Jeffcott and Archer Streets and Wellington Square. With the 130,000 sqm acquisition, Chris aims to develop four luxury housing schemes, including Build to Rent, that are targeted at mixed demographics.
“We’re probably looking at four different projects in a way that will cater for a variety of demographics.
“We’ll be doing a very large private super high-end residence, as well as Build to Rent – probably two smaller towers with 25 to 30 apartments and we also might do some townhouses for downsizers, and possibly retirement living. So, I say there would be at least 50 new homes… and we’re hoping to pitch the price point between $3.5m and $4.5m, once we established final design.”
Chris Diamantis, Managing Director and Founder, Genworth Group
Anonymous buyers purchased the remaining three allotments, including a Sydney-based investor who purchased the State Heritage-listed Hebart Hall for over $15m.
Chris and the wider Genworth Group team aim to break ground on the development plans in the first half of 2026.
