Central Adelaide reaches practical completion

23 May 2017

Watpac: Central Adelaide is set to welcome its first residents with Watpac Limited (‘Watpac’ or ‘Group’) achieving practical completion of the new luxury residential apartment complex in Adelaide for Luk’s Investments.

Located in Adelaide’s CBD, the construction of Central Adelaide marked the beginning of the renewal of the Grote Street precinct.

A welcoming addition to the city’s western entrance boulevard, Watpac Construction South Australia State Manager, Tim Tape, said the Group is delighted to have delivered another project that is revitalising the heart of Adelaide.

“It has been a privilege to work with our client, Luk’s Investments, in delivering Central Adelaide,” Mr Tape said.

“The project has been a turning point for helping shape Adelaide’s inner city residential market, and offers a home on the doorstep of all that the CBD offers,” Mr Tape said.

Belle Property International Adelaide is the sales force behind the project.

“As Central Adelaide’s exclusive agent, we have been involved with the project from the very beginning and we are thrilled to see it through to completion,” Belle Property International Adelaide Project Sales Manager John Ong said.

With 93 per cent of apartments already sold, Eric Luk of Luk’s Investments said the 260 apartment tower has become a sought-after address for those wishing to in the inner city precinct.

“Adelaide is a beautiful city with accessible amenities, surrounded by green parklands, and my family would like to continue investing here,” Mr Luk said.

The state-of-the-art 18-storey building is 62.9 metres tall and offers studio, one, two and three bedroom apartments. With a gross floor area of 30,500 square metres set over 20 levels, including a ground floor retail level and lower level for parking with car stacking facilities, the development features a sky garden with barbecue facilities, sky pool, three-hole mini golf course, stone massage walking track, gym and fitness centre, mini cinema and billiard rooms.

The Central Adelaide project employed 200 workers on site daily during peak construction and featured a recycling program, which facilitated up to 93 per cent of all building rubbish leaving the site to be sorted and recycled.

Watpac recently commenced construction of the $100 million Kodo development in Adelaide and is delivering a number of other major contracts across the country including Brisbane’s $325 Herston Quarter Redevelopment and $188 million Mary Lane project, Sydney’s $129 million York & George mixeduse development, and a new $61 million retirement community in South Melbourne. The Group was also this week announced as Managing Contractor for the $250 million North Queensland Stadium in Townsville.




Source:  Watpac - www.watpac.com.au

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