CASE STUDY
PROJECT TYPE
SECTOR
PROJECT TITLE
LOCATION
PROJECT VALUE
CLIENT
Ashwood Chadstone Gateway Project (ACGP)
PROJECT TYPE
Affordable Housing Private Residential Community Housing
SECTOR
Not For Profit
PROJECT TITLE
Ashwood Chadstone Gateway Project (ACGP)
LOCATION
ASHWOOD, VIC 3205
PROJECT VALUE
$92 MILLION
CLIENT
PORT PHILLIP HOUSING ASSOCIATION (PPHA)
WHAT WE DID
- 01 CREATE
- 02 DEFINE
- 03 PROCURE
- 04 DELIVER
DEVELOPMENT PROPOSITION
The ACGP was an ambitious proposal to develop seven redundant government sites in Ashwood and Chadstone.
HOW WE RESHAPED THE VISION
The final concept delivered a yield of 282 units, of which 72 units would be sold to the private market and 210 retained by PPHA. The development includes offices for social enterprise groups and PPHA operations.
FOR THIS PROJECT
- The development proposition was new to the sector: We provided procurement/ feasibility advice, helped implement a sustainable financial structure, led acquisition negotiations and provided support for debt funding procurement.
- PPHA’s development offer included private sales for the first time: We led a successful private marketing and sales campaign that sold out within 6 months.
- The client wanted direct investment to support local renewal: We negotiated a local park complete with public art and other local infrastructure improvements, to directly benefit the site, in place of a standard cash open space contribution.
COMMENDATIONS
Commendation – 2014 Property Council 2014 PCA National Innovation and Excellence Award