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Elements South Beach ApartmentsO'Connor Close, North Coogee WA

Sector
Apartments & Mixed Use
Status
Completed
Entity
Otan South Beach Apartments
Total return
30.20%
Equity IRR
17.50%
Commencement Date
June 2014
Timeframe
37 months
Additional involvement
  • Development Management
  • Sales & Marketing
  • Leasing & Strata
Development
42 Apartments, 10 Townhouses
Sector
Apartments & Mixed Use
Status
Completed
Client
Otan South Beach Apartments
Consultant
Pindan Design
Project value
$12M
Completion date
Mid 2015
Delivery method
Negotiated
Additional involvement
  • Capital Raising
  • Development Management
  • Sales & Marketing
  • Leasing & Strata
Residential units
52
Sector
Apartments & Mixed Use
Status
Completed
Client
Otan South Beach ApartmentsPtyLtd
Residential units
52

The development involved the construction of 10 two storey beach houses, two 4 story apartment towers consisting of 42 apartments in total and all civil works and landscaping. Pindan were also responsible for the sales & marketing of the development and are also the strata managers.