Porteno, 26 Whistler Street, Manly, NSW

Market Value: $100 million Residential Development

Objectives: Maximise Development Yield, Development Approval, Construction & Sale on completion (July 2021)

Skills Applied: Site identification, site acquisition, fund establishment and management, development feasibility acquisition and management

An opportunity to work with 24 owners to maximise the individual outcomes for all parties by working as a cohesive unit to sell their apartments and create a consolidated development site.

Work on this property includes;

  • site identification
  • fund entity establishment
  • capital structure (equity and debt)
  • working with 24 owners to create a beneficial outcome for all
  • site acquisition
  • consultant selection
  • development approval to meet target market
  • pre-sale marketing
  • development management with construction project management managed by key partners
  • sale process on completion in

 

DA Properties – Fund Manager, Development Manager, Investor