as long-term investments. According to Michael, the decision about what to retain and what to sell is always carefully considered. “On each development, we analyse what’s feasible to keep and what’s not,” he says. Oftentimes, what they end up retaining the core commercial elements of a project—which ensures that their projects will continue to serve local residents for years to come. A prime illustration of K2’s mixed-use strategy is their planned Sutherland precinct. Currently in the planning phase, it centres on a 7,000 square metre retail format designed around a major supermarket. Surrounding that anchor tenant, K2 intends to introduce bakeries, pharmacies, cafés and other speciality stores that together form “a one-stop shop,” in Michael’s words. Families will be able to pick up groceries, collect prescriptions or grab a coffee—all without leaving the building envelope. Those residential towers above are earmarked for sale, while the retail podium remains in K2’s portfolio as a stable, longterm holding, with tenants chosen for their deep local roots. “It’s important that we choose the right businesses — good, established operators in the area who understand the people, who live and work here, and who have history in the community,” Michael explains, reinforcing how these partnerships strengthen precinct identity and ensure residents feel genuinely connected to the services on their doorstep. In addition to Sutherland, K2’s Five Dock project on Ramsay Street is approaching launch. This smaller scheme comprises 27 strata-titled offices alongside residential apartments tailored to family living—especially three-bedroom layouts APRIL 2025
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