Advertisement
13 posts in this thread / 0 new
Last post

DOCKLANDS | Elm & Stone / Quest Docklands | 387-395 Docklands Drive | 57m | 17L | Residential

Mark Baljak's picture
#1

due for approval

site

north west

north east

ground

elevation

L7 setback

Back to top
Lopan's picture

Seems to be an unusual location considering they wont be able to sell any harbour views (blocked by the Arkley).

Back to top
Mark Baljak's picture

Not sure if it's one or both towers?

Ascott Limited, Qatar Investment Authority buy Docklands Quest

The world's biggest serviced-apartment operator and Qatar's sovereign wealth fund have teamed up to acquire a new $71 million Quest apartment hotel, to be built at Melbourne's Docklands.

Ascott Limited, a subsidiary of Singapore-listed real estate giant CapitaLand and the $337 billion Qatar Investment Authority will jointly acquire the new 221-room Quest NewQuay Docklands apartment hotel being developed by private developer MAB Corporation at its New Quay waterfront precinct.

The investment is the first by Ascott Limited since it struck a $500 million agreement with Quest in late 2014 to invest in new hotel developments. At the same time, Ascott Limited acquired 20 per cent of Quest for $28.8 million while its listed real estate investment trust, the Ascott Residence Trust acquired three Quest apartment hotels in Western Sydney for $83 million.

The Docklands acquisition is the first in Australia and fourth globally by Ascott and QIA as part of a $US600 million ($790 million) joint serviced-apartment fund they established a year ago.

Quest founder and chairman Paul Constantinou said the Docklands deal represented the "blueprint" for how the partnership would operate in the future, enabling Quest to accelerate its rollout of new hotels across Sydney, Brisbane and Melbourne.

Mr Constantinou said supply of new hotel rooms had lagged demand in most markets mainly due to a lack of support from domestic institutions. "Investment from large-scale Asian groups like Ascott, will enable the sector locally to meet the demand," he said.

Read more: http://www.afr.com/real-estate/commercial/hotels-and-leisure/ascott-limi...

Back to top
Laurence Dragomir's picture

MAB developing both towers then on selling Quest to the JV.

Meanwhile Six Degrees are working on a mixed-use scheme on Lot 5 between this site and HarbourOne.

Back to top
Ryan Seychell's picture

Not a lot happening over the weekend

Back to top
redden's picture

It's finally happening, Ryan. We should add "Elm & Stone" to the title.

adult photo sharing

picture uploader

photo sharing sites

post image[/QUOTE]

Back to top
redden's picture
Back to top
redden's picture

Back to top
Mark Baljak's picture

General Cranes pics

Back to top
redden's picture

The southern core is underway.

[/QUOTE]

Back to top
Mark Baljak's picture

Back to top
Ryan Seychell's picture
Back to top
Ryan Seychell's picture
Back to top

Development & Planning

Wednesday, December 13, 2017 - 12:00
The swirl of development activity in Footscray has found another gear as new projects are submitted for approval, or are on the verge of beginning construction. Two separate planning applications have been advertised by Maribyrnong City Council; their subsequent addition to the Urban Melbourne Project Database has seen the overall number of apartment developments within Footscray in development swell to 40.

Policy, Culture & Opinion

Monday, November 20, 2017 - 12:00
The marriage of old and new can be a difficult process, particularly when the existing structure has intrinsic heritage value. In previous times Fitzroy's 237 Napier Street served as the home of furniture manufacturer C.F. Rojo and Sons. Taking root during 1887, Christobel Rojo oversaw operations though over time the site would become home to furniture manufacturer Thonet.

Advertisement

Visual Melbourne

Friday, August 25, 2017 - 07:00
The former site of John Batman's home, Batman's Hill is entering the final stages of its redevelopment. Collins Square's final tower has begun its skyward ascent, as has Lendlease's Melbourne Quarter Commercial and Residential precinct already. Melbourne Quarter's first stage is at construction and involves a new 12-storey home for consultancy firm Arup along with a skypark.

Transport & Design

Friday, December 15, 2017 - 11:00
Infrastructure Victoria unveiled a new round of research into its larger programme of work dealing with managing transport demand. The authority contracted Arup and KPMG to produce the Melbourne Activity Based Model (MABM) and while it is new, it is considered fit for purpose in the strategic context.

Sustainability & Environment

Tuesday, October 24, 2017 - 12:00
Cbus Property's office development for Medibank at 720 Bourke Street in Docklands recently became the first Australian existing property to receive a WELL Certification, Gold Shell and Core rating. The WELL rating goes beyond sustainable building features with a greater focus on the health and well-being of a building's occupants.