The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterSun 12 Mar 17

Global Contractor Joins Melbourne's Six-Star Development Team

1

Global contractor Multiplex has been officially announced as the construction partner for LK Property Group's  six-star integrated retail and residential Capitol Grand South Yarra development.

LK Property Group Executive Chairman Larry Kestelman said he was excited to announce Multiplex as a construction partner for the iconic luxury project with construction already underway.

“In just over 12 months since going to market this development has broken every record in the luxury apartment market for the volume of property sold," he said.

"We are excited to announce our partnership with Multiplex and deliver a new level of luxury for apartment residents.

“I’m a proud Melbournian and proud of our talent in this city so I brought the best team together including renowned architect Roger Poole at Bates Smart and leading landscape designer Jack Merlo to showcase Australian design and creativity. Now, we add Multiplex, another Australian success story, to the Capitol Grand South Yarra family."[Related article:

Oscar Winner Charlize Theron Wooing Capitol Grand Buyers]Capitol Grand South Yarra has led the Melbourne luxury sales market with over $350 million of apartments sold since the development went on sale the same time last year.

Currently 70 per cent sold, the development is located on the corner of Toorak Road and Chapel Street South Yarra, and is the only development to succeed on the former Capitol Bakeries site despite many false starts.

Capitol Grand South Yarra selling agent Christian Numa, Principal of Amity Real Estate, said that 60 per cent of apartments sold for Capitol Grand have been over the $1 million mark, with 23 per cent of these over the $2 million mark with the stamp duty savings attractive to buyers.

“Capitol Grand has certainly proved that the luxury property market is strong, and there are still opportunities to save significantly on stamp duty by purchasing off the plan,” he said.

ResidentialRetailAustraliaConstructionArchitectureConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
PGIM Real Estate Reimagines 444 queen street to 450 queen street brisbane
Exclusive

Coming, Ready or Not: Relic Stripped to Bone for Green Glow-Up

Renee McKeown
5 Min
Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston
Exclusive

NT Eyes Looming Boom as Planning Commissioner Bows Out

Renee McKeown
5 Min
Exclusive

Gold Coast’s Greatest Moments Yet to Come: Evan Raptis

Phil Bartsch
7 Min
MODEL founder Rory Hunter HERO
Exclusive

‘It’s Massive’: On Mission to Prove BtR Green Equals Gold

Leon Della Bosca
8 Min
Potts Point Coliving EDM
Exclusive

Co-Living Shrugs Off Stigma as Overseas Money Moves In

Clare Burnett
6 Min
View All >
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
Cavill Lane HERO
Retail

Surfers Paradise Retail Asset Changes Hands for $31m

Leon Della Bosca
Main Beach Odus Ari Tower Site Deal hero
Residential

Odus Doubles Down in $55m Main Beach Tower Site Deal

Phil Bartsch
The plan is to progress the existing greenlit plans for the $290 million scheme comprising 31 luxury half and full-floor…
LATEST
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
2 Min
Cavill Lane HERO
Retail

Surfers Paradise Retail Asset Changes Hands for $31m

Leon Della Bosca
3 Min
Main Beach Odus Ari Tower Site Deal hero
Residential

Odus Doubles Down in $55m Main Beach Tower Site Deal

Phil Bartsch
3 Min
Build-to-Rent

Townsville’s First BtR Project Wins Green Light

Taryn Paris
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/capitol-grand-south-yarra-multiplex