AFTER 13 years managing the portfolio of Ventura Homes as group construction manager, builder David Russell has joined Perth newcomer, Frasers Property, as construction director. Mr Russell will manage Frasers’ $180 million Queens Riverside project in East Perth and the Frasers Landing residential estate in Mandurah, the former with help from new project manager Nick Percival, who has 30 years of international property experience. Queens Riverside will be built in two stages on the former Metrobus Depot site, featuring a total of 288 luxury apartments, an all-suite apartment hotel and retail, restaurant and commercial space. In Mandurah, Frasers has 196 hectares of Riverine land adjoining the Serpentine River where it has set aside 53ha to create 12 hamlets with a total of 1,250 home sites. Frasers has also promoted Peter Taylor to the position of development director in its Perth office. During the past 12 months, Mr Taylor has worked on the Queens Riverside and Frasers Landing projects. Frasers Property chief operating officer Nicholas Wolff said the company believed there was a significant gap in the local market for high-end residential apartments and world’s best practice in sustainable urban design. The company is investing almost $1 billion in Western Australia.