Richmond Quarter

Project description

Richmond Quarter is a seven-storey mixed-use development plus two levels of basement parking located in East Fremantle consisting of 101 apartments, 18 short-stay units and 26 commercial and retail units including a roof-top bar. The site was occupied with a number of tenanted commercial buildings which required vacating prior to re-development.

The sales process commenced with a highly successful “off the plan” campaign in early 2013 which has resulted in over 90% of product now being under contract. Construction commenced with Pindan Constructions in late 2013 with completion anticipated for mid-2015.

Our Role

NS Projects are appointed as the development manager and project manager. A key activity that undertaken as part of our initial engagement was ta complete a project ‘health check’ and report which mapped out the project status and recommended key strategies to be employed established moving forward.

NS Projects’ role includes management of:

  • Sales and marketing
  • Legal and commercial
  • Design
  • Procurement and construction

Challenges Overcome

  • Finalisation of the apartment floor plans. In order to meet market expectations while remaining efficient from a constructibility and cost point of view, close consultation with the joint venture, architect, quantity surveyor and sales and marketing team was required.
  • Achieving an appropriate level of cost definition. Upon appointment, NS Projects immediately identified that there was uncertainty surrounding the construction cost (and overall financial return). A higher level of cost certainty was achieved by obtaining key information from the consultant team and appointing an independent quantity surveyor to provide an opinion on cost.
  • Confirming the most efficient structural system from a construction programme and cost point of view. Through liaising with a number of key builders, NS Projects was able to ascertain which structural system is currently the most efficient in the industry which provided direction for the design team.

Project Details

  • Name: Richmond Quarter
  • Type: Retail
  • Client: AFG Developments & RPQ Trust Joint Venture
  • Date: 2012 to current
  • Role: Development Manager, Project Manager
  • Value: $50 million

Key Outcomes

  • GMP contract negotiated with Pindan Constructions.
  • Both residential and commercial “off the plan” sales have continued strongly.
  • Clients programme and budget expectations are both on target.