PORTSIDE WHARF SALES CLIMB WITH CONSTRUCTION
Written on the 6 January 2015
SALES at Brookfield Residential Properties' Portside Wharf development have tipped more than $506 million, as construction reaches the top stages.
Construction on Link has reached level four, with its 32 one-bedroom apartments all sold for more than $13.5 million.
Pinnacle boasts $85 million in sales and stands at 15 levels, with construction is expected to be completed in the first half of 2015.
Brookfield Residential Properties regional director Lee Butterworth says as work reaches the top, builders will turn to the external faade and landscaping.
"The buildings are quickly taking shape and buyers can see that the standard of build and fittings are top quality," Butterworth says.
"We expect sales will ramp up as construction nears completion and buyers realise the wait to move into their brand new apartment is quickly nearing the finish."
Sales figures for 2014 have exceeded $50 million in the Hamilton precinct, which forms the largest mixed-use community at Northshore Hamilton.
Butterworth says the waterfront location combined with the prestige of Hamilton has attracted plenty of buyers.
"The owner occupier market has really taken off and sales have ramped up as buyers look for a riverfront location with access to everything," he says.
"Our retail precinct continues to grow, with the current retail space almost completely occupied and more in the pipeline upon the completion of both Link and Pinnacle.
"Surrounding projects also continue to add to the vibrancy of an emerging urban hot spot."
Butterworth says Northshore Hamilton is anticipated to become home to more than 10,000 residents over the next 20 years.
Portside Wharf is comprised of four completed apartment buildings, including Promenade, Loft, Infinity and Flare.