Conquest unveils $900m Stanmore Village vision for landmark Inner West site
One of Sydney’s most hotly contested urban landholdings is set for transformation, with Conquest Property Group lodging plans to redevelop the former Cyprus Club site in Stanmore into a $900 million mixed-use precinct of apartments and retail.
Dubbed Stanmore Village, the proposal has been submitted to the NSW Government’s Housing Delivery Authority for assessment under its state-significant development pathway. If approved, it would see the 9,140 sqm site, once home to the Cyprus Community of NSW, reimagined with 500 apartments above a new retail and lifestyle destination.
The site was acquired by Conquest for $55 million earlier in 2025 following a highly competitive sales campaign run by Cushman & Wakefield on behalf of EY Parthenon, who were appointed administrators of the former club.
Marketed as one of Inner Sydney’s most significant residential opportunities in years, the property drew substantial interest from domestic and offshore developers, institutional investors, and education and healthcare operators.
Designed by FK Architects with planning by Principle Planning, Stanmore Village proposes a mix of one-, two- and three-bedroom apartments situated above what will be known as the Queensbridge Shopping Centre. The retail component will feature a full-line supermarket, specialty stores, a gym, and activated communal spaces across multiple levels.
According to the Urban Design Report, the scheme is framed by a stepped massing strategy that addresses the site’s dual context - fronting the commercial spine of Pacific Highway while responding to the finer grain of Church Lane.
In addition to market housing, the project incorporates a dedicated affordable housing component, located on levels two and three, comprising 10 apartments delivered in accordance with the Housing SEPP 2021. This enables the proposal to qualify for floor space and height bonuses under the state’s planning framework.
Design features include deep soil landscaping, communal rooftop and ground-floor open spaces, a new pedestrian laneway connecting both street frontages, and the adaptive reuse of the existing heritage shopfront building, formerly known as The Cloisters Antique Store.
The project follows the drawn-out administration process of the Cyprus Community of NSW, which entered voluntary administration in 2023. The Supreme Court ultimately permitted the sale without member approval, with creditors to be repaid in full and a significant surplus earmarked for the Community’s future endeavours.
If approved, construction of Stanmore Village could begin in 2026, with completion expected by mid-2028.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey
