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8 Parker

Wealth creation through reimagining a prime, waterfront site into a super-luxury apartment development

Overview

Service

Client

8 Parker Street

Location

South Perth, WA

Value

$55m

Sector

  • Living
Our Role
  • Strategic Advisory

  • Superintendency

About This Project

The unique 8 Parker luxury apartment development on the South Perth foreshore offers uninterrupted views of the Swan River and city skyline.

A collective vision borne from the owners of an ageing complex, the original 11 low-level townhouses on the site have been reimagined into stunning apartments and achieved a huge uplift in value to the site.

The 15-floor, mid-rise development consists of two towers comprising 26 residential dwellings and basement parking. A key differentiator is the ability for apartment owners to customise their respective dwellings.

Due to its innovative design and high-end market features, 8 Parker was the first project to obtain development approval from the Western Australian State Government’s new State Development Assessment Unit (SDAU). The SDAU initiative is designed to stimulate development and take pressure off local authorities, affording developers an alternative approval route to submitting directly to local councils.

The development achieved 100% in pre-sales before contractor tendering.

  • 200-500sqm

    apartment floor sizes

  • 26

    customisable luxury dwellings

  • 15

    floor residential development

+ Guided the construction budget to a positive realisation and enhanced contract outcomes in a COVID-impacted era.

+ Re-engineered the chemistry among the project team to facilitate positive and progressive outcomes.

+ Effectively managed 26 different apartments with respective owners offered full customisation opportunity.

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