There has been some significant progress with the Knoxia development at 456 Burwood Highway, Wantirna South. We are excited to advise that the developer, Centric Capital Group, has recently entered into an agreement with a leading Australian based real estate investment management firm, Qualitas, to acquire and undertake the delivery of the project.
By way of background, since its inception in 2008, Qualitas is a firm with a successful and consistent track record in real estate investment, having financed, invested or managed over 8,300 residential dwellings and over 100,000 sqm of commercial assets across all major Australian markets.
Qualitas has managed real estate investments with a total asset value of circa $5.0 billion and through partnerships with the likes of Grocon, Leighton Properties, Toga Group and Consolidated Properties Group and has successfully completed or is in the process of delivering the following residential projects as follows:
Wrap Apartments, Southbank, Victoria – 301 residential apartments, completed in 2014;
Bouverie Apartments, Carlton, Victoria – 225 residential apartments, completed in March 2016;
Aqua Apartments, Bondi Junction, NSW – 129 residential apartments, completed in August 2016;
Fawkner Residences, St Kilda, Victoria – 259 luxury residential apartments, scheduled for completion in August 2017;
Spire Apartments, Brisbane, QLD – 340 residential apartments scheduled for completion in October 2017.
Qualitas has indicated that it is excited to be involved in the project and considers the project to be a strategic fit with its current portfolio of projects. It has appointed a preferred builder and is currently finalising construction contract documentation with a view to commencing demolition works in the near term.
In light of Qualitas’ involvement, there will also be a marketing re-launch for the remaining apartments. You are welcome to come on-site to speak to us at the display suite during opening hours for further information on the status of the marketing re-launch.
We appreciate your kind patience and understanding, and are excited to deliver a completed apartment to you in the near future. Moving forward, you can expect to receive regular project updates as construction works commence and progresses.