Pindan completed construction of the $57m residential and commercial development Freshwater in Claremont, in partnership with developer and development manager, Aria Land. The project is located on the corner of Stirling Highway and Freshwater Parade in Claremont and features 70 high-end apartments over two mid-rise buildings, 10 commercial units and a lap pool. Pindan was involved in both the capital raising and construction of the project and Paul Simpson, Managing Director of Aria Land, said Pindan’s ability to deliver to such a high standard resulted in the development being built on time and on budget.
“There are few builders that possess such attributes, as well as the capacity to build luxury developments, making Pindan the perfect partner for Aria Land,” Paul said.
Freshwater is the second development Pindan has built for Aria Land, having previously built West One in West Perth.
Scott Davison, General Manager Funds Management for Pindan Capital, said having previously worked with Aria Land, Freshwater presented a great opportunity for Pindan to become an equity partner as well as builder of the development.
“Freshwater ticked all the boxes from our capital raising point of view – a great location, excellence in the quality of product proposed and pricing well in line with the market,” Scott said.
This coupled with a strong working relationship with Aria Land made the project extremely successful on all levels, according to Scott.
“Pindan has the capabilities to take on complete development, construction and management of projects however with the right project and partners, such as Freshwater and the team at Aria Land, we welcome undertaking projects where we can be co-investors and work with clients to deliver and develop great projects,” he added.
Paul added that Freshwater had been a highly successful development from a number of perspectives.
“The joy and satisfaction of seeing such happy buyers upon the handover of their new homes could only be achieved thanks to the result of a fine job by the project’s architects HASSELL, and also Pindan’s ability to deliver the build outcome to the required standards,” he said.
As an integrated property group, Pindan works with its partners to provide a range of services from land acquisition and capital raising through to design and construction and development management.