17/01/2018 - 06:26

TRG Properties selected for Parkside Walk

17/01/2018 - 06:26

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Local developer TRG Properties has secured the largest development site at LandCorp’s urban infill project in Jolimont, with plans to build 46 luxury apartments already under way.

TRG Properties selected for Parkside Walk
TRG has secured the largest apartment development site, located at the top right corner of the estate, directly fronting the park. Photo: LandCorp

Local developer TRG Properties has secured the largest development site at LandCorp’s urban infill project in Jolimont, with plans to build 46 luxury apartments already under way.

LandCorp announced today that TRG Properties was the successful proponent for lot 25 within its Parkside Walk project, a joint-initiative with the Town of Cambridge, which is set to transform land vacant since 1994 into a residential estate providing up to 350 dwellings across seven apartment sites and 24 single residential lots.

TRG Properties secured the largest and only apartment site with direct park frontage comprising 2,628 square metres, which was taken to market last year by LandCorp via a competitive tender process, with the sale process conducted by CBRE.

Investment and development group Stirling Capital secured three of the apartment sites, collectively comprising just over 6,200sqm last year, with the remaining three apartment sites yet to be released and 11 single residential lots currently either under offer or available.

TRG Properties chief executive Tanya Trevisan said the developer was delighted to have secured the landmark apartment site in another quality infill precinct in the western suburbs, with today’s announcement just months after the business was named winning bidder at LandCorp’s Claremont on the Park development.

“We are pleased to once again have the opportunity to work with LandCorp, and to be able to further shape this unique emerging residential community,” she said.

“Our work on Empire Perry Lakes in Floreat and our success in winning lot 508 at Claremont on the Park demonstrate our ability to work within a high-quality residential estate and to partner on these significant projects with LandCorp.

“Parkside Walk will continue to build on this track record. We were delighted to secure what is clearly the premium apartment site in the estate, and we look forward to delivering an exceptional project in what is already proving to be a sought-after precinct.”

TRG Properties has engaged Cameron Chisholm Nicol to design the 46 apartments, which are expected to be launched to market in mid-2018.

Ms Trevisan said ahead of any formal announcement, and even before the design work had commenced, demand for the Jolimont estate was strong, with appetite for apartments in particular driving early enquiry.

“Locals have been watching the site and waiting for the opportunity to act – and the location of this lot within the estate, with direct frontage to both Henderson and Mabel Talbot Parks, has made it the prime target for apartment buyers,” she said.

“As a parkfront address with views to the CBD skyline, we believe this project will hold huge appeal. We have already been approached by people keen to register their interest and are putting together a priority register to ensure those who want to act early can secure an apartment.”

LandCorp chief executive Frank Marra said the agency was confident in TRG Properties’ ability to deliver a premium development, having already worked with the developer on its nearby estates such as Claremont on the Park and Perry Lakes.  

"When complete, Parkside Walk will provide up to 350 dwellings close to excellent retail, entertainment and sporting facilities," he said.   

"Parkside Walk is also the first estate in Western Australia to be certified under the national EnviroDevelopment’s Multi-Unit Residential standard, which will result in potential cost savings and a more sustainable lifestyle for residents. EnviroDevelopment recognised Parkside Walk for its achievements in five areas – water, energy, waste, ecosystems and community. 

“Together with developers and residents, we will implement strategies within the estate that will encourage water wise and energy efficient appliances, water-sensitive gardens, climate responsive design and solar-oriented dwellings.”

The estate development plan: TRG Properties has secured lot 25, Stirling Capital has contracted lots 26,27 and 28. Lots 29,30 and 31 are yet to be released. Image: LandCorp

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