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West End Construction Progress

February 2020

185 Rosslyn Street, West Melbourne

November 2019

185 Rosslyn Street, West Melbourne

The current program for construction completion and settlement has not varied. So please ready yourselves for the purchase of your new homes according to the following approximate dates.

Settlement Dates Construction Completion Proposed Settlement Date
Building 2 – Adderley Aug-20 Sep-20
Building 3 – Mailhouse Sep-20 Oct-20
Building 4 – Foundry Early Jul-20 Late Jul-20
Building 5 – Spencer Nov-20 Nov-20
Building 1 – Adina Hotel Jul-20 Trading from Aug 20

 

Residential Sales Team can be contacted and you are welcome to:
VISIT THE DISPLAY SUITE

137 Adderley Street, West Melbourne

Open Saturday & Sunday 11am -1pm

Tuesday & Wednesday 12pm -2pm

Or by private appointment by contacting Dynamic Residential:

Charles Calllis 0432 399 267

Kelgend Winters 0423 870 281

August 2019

185 Rosslyn Street, West Melbourne

 

We are pleased to advise that construction is well underway and on program thanks to the strong management and teamwork of our builder, project manager and consultant team lead by Hacer and Urban Project Management.

We are pleased to advise that based on the current construction performance and weather conditions, we can provide an indication of construction completion and settlement dates as follows:

Settlement Dates Construction Completion Proposed Settlement Date
Building 2 – Adderley Aug-20 Sep-20
Building 3 – Mailhouse Sep-20 Oct-20
Building 4 – Foundry Early Jul-20 Late Jul-20
Building 5 – Spencer Nov-20 Nov-20
Building 1 – Adina Hotel Jul-20 Trading from Aug 20

 

So please ready yourselves for settlement as it will come around very quickly!

For those who have not had the opportunity to visit West End, as at the end of July 2019, your home is under construction.

Refer a Friend Special Promotion

For purchasers who refer a friend who purchase an apartment – a special saving will be provided in the form of a rebate on your blinds for both you and your friend!

For more information on this promotion please contact your selling agent.

VISIT THE DISPLAY SUITE

137 Adderley Street, West Melbourne

Open Saturday & Sunday 11am -1pm

Tuesday & Wednesday 12pm -2pm

Or by private appointment by contacting Dynamic Residential:

Charles Calllis 0432 399 267

Kelgend Winters 0423 870 281

So

May 2019

185 Rosslyn Street, West Melbourne

What an exciting few months we have had in the west end journey.

We are under construction and moving at a very fast pace thanks to the team at Hacer construction. we are on a program to be complete by the end of next year with the first stages ready for settlement by July 2020.

Two bright red cranes are already up with the installation of another two cranes over the next couple of months.

that means, please ready yourselves for settlement from mid next year – very exciting!

Future project updates will provide more details on how to make your settlement process as straight forward as possible – stay tuned.

We are also fully funded having finalised one of the largest construction loan facilities of recent times arranged by Qualitas.

DEVELOPER’S COMMENTARY

There has been a lot of press recently about residential prices, and apartments in general and auction clearance rates etc
to my purchasers, i have formed an opinion that there has never been a better time to invest in well-designed apartments in well-located premium developments – never a better time than now!
The reason we form this view is explained rather simply as follows:
1. Construction volume is in significant decline due to difficulty with obtaining construction finance for all but the largest developers with proven track records – that is, supply is reducing and markedly!
2. Construction prices have increased considerably in real terms due to many factors but primarily due to the state and federal governments heavy multi-billion dollar investment in infrastructure works causing excessive demand and increased cost of steel and concrete – that is, the replacement cost of building an apartment is increasing!
3. Population growth at the same time remains strong – demand for residential accommodation will continue to be strong!
4. The rental market is exceptionally strong in Melbourne. in my almost 30 years in the property industry, i have never seen such a strong rental market for apartments in particular! there are zero vacancies in west Melbourne.
5. People are starting to want to live differently by not being burdened and consumed by the time and cost of maintaining homes – apartments allow people to live freely and more easily!
6. Apartments and particularly modern apartments are far more secure to live in!
So, when demand will remain strong and supply is reduced then logically prices and values will increase!
The only caveat we make with this opinion is that the apartment has to be well designed and in a premium well-located development with great amenity!
Finally, i ask you to critique and scrutinise the headline-grabbing journalism and commentary by the economic theorists!
By way of example, i also ask you to consider why is it now that there is such a move by large professional property investment businesses and institutions both locally owned and international groups to enter the Australian market to undertake build-to-rent development? that is, the construction of larger volume apartment buildings with the view to retaining ownership of all the apartments to lease/rent?
Over the coming months, we will provide you with further commentary on the construction program and settlement dates for next year.
If you have any queries please email us at
info@trenerryproperty.com.au

Refer a friend special promotion
For purchasers who refer a friend who purchase an apartment – a special saving will be provided in the form of a rebate on your blinds for both you and your friend!
For more information on this promotion please contact your selling agent.

 

January 2019

185 Rosslyn Street, West Melbourne

The Vendor is proud to announce the appointment of HACER as the builder for the whole of West End.
Next up, the builder will focus on concreting work at the basement level. It is estimated that the concreting work between basement to ground floor level will be completed by mid-2019.
Further, there is about 180km of electrical and communications cabling to be done at the project (that’s about 350 times around the MCG!) so work is extensive and will require sufficient time to complete.

The builder is looking at the following estimated completion dates for West End
Adina, Foundry and podium (Incl pool) – Mid year 2020
Adderley & Mailhouse – Q3, 2020 / Q4, 2020
Spencer – Q4, 2020 / Q1, 2021
Please note dates may vary depending on the progress at site closer to completion.

There will be more frequent updates once construction is above ground.
If you have any queries, please do not hesitate to contact your agent or info@dynamicresidential.com.au

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