PCD merges into Flagship to provide platform for future growth

1 December 2018

Flagship Property Holdings (Flagship) is set to embark on an exciting new era of growth following a merger with partner company Premier Capital Developments (PCD).

Effective from 1 December 2018, staff and operations of PCD in Melbourne, Adelaide and Sydney will be fully transitioned to Flagship, which continues to grow its national portfolio of award-winning property developments.

For clients and partners, the merge will be a seamless one, with PCD’s development management and project management divisions to be moved under the Flagship banner.

“PCD and Flagship have worked extremely closely for many years, so merging the operations is a natural progression that will help drive future growth for Flagship,” said Flagship CEO Mark Jarman.

“Flagship has enjoyed excellent success in recent times, and we’re now looking forward to building on our broad asset base and outstanding expertise to grow an even stronger business going into 2019 and beyond.”

Established in 2008, Flagship has offices in Melbourne, Adelaide and Sydney and is responsible for many major property projects in Australia, including Novotel Melbourne South Wharf and Sunday Coventry Street Apartments in Melbourne, 8 Central Avenue in Sydney and Kodo and Penny Place Apartments in Adelaide.

Read the full release.

Introducing Penny Place The Luxury of Simplicity Overlooking the City

27 September 2018

Located in the heart of Adelaide and designed by award-winning architects Woods Bagot, Penny Place makes inner-city living simple. With its generous balconies and uninterrupted views, no detail has been overlooked. Brought to life by Flagship, Penny Place offers a true urban lifestyle to make the most of Adelaide.

Register your Interest.

 

Flagship appoints Atelier Projects as builder for Otter Street

1 September 2018

Flagship Group and Cranecorp are pleased to announce the appointment of Atelier Projects as the builder on the lifestyle development – Otter Street.

Atelier Projects was founded in 2014 by three construction industry experts, from commercial scale construction backgrounds, each with a sharp focus on quality and innovation, Atelier Projects have quickly grown over the past four years and have delivered numerous quality projects for their clients in this time.   

Standing behind and supporting Atelier is the active backing of one of the world’s largest construction companies, Kajima Corporation (Kajima). Kajima is a Japanese construction company founded in 1840 with its headquarters in Tokyo. This backing provides significant working capital and ensures the resources and capability to undertake projects up to $100m.

Atelier Projects is currently delivering major projects that include hotels, residential apartments and townhouses, childcare and aged care facilities and working with both Federal and State governments.

To find out further information on the luxury residence’s at 1 – 3 Otter Street, Collingwood or register your interest visit.

 

 

Kodo Construction Update July

31 August 2018

Kodo construction status as at July 2018.

Jump form at Level 28
Floor Level up to Level 24 part poured
Structural Steel Level 24 complete
Formwork is at Level 24
Reinforcing to Level 24 completed
Fitout is at various stages through Level 2 to 20
Façade to Level 20 completed

 

 

Kodo Construction Update

29 June 2018

The latest facts and figures on Kodo, as at June 2018 Watpac has installed:

9,200 m3 of concrete
530 tonnes of reinforcing
432 tonnes of Structural Steel
400 tonnes of plasterboard onsite
35 tonnes of steel framing on site
66,800 meters of Electrical cable used on site
1800 Joinery sheets of birch multi-ply being used for Joinery manufacture. The materials are manufactured in Kostroma in the Birch forests, North East of Moscow, Russia.
103m is the current height of the Tower Crane, which is just above the final building height
The final crane height will be 125m above ground level

 

 

Flagship Property Holdings Continues Melbourne Residential Acquisition Spree, off the back of Commercial Project Success

5 April 2018

Australian developer, Flagship Property Holdings has continued its focus on Melbourne’s residential property market as it announces the first of a number of new deals that will add to the developer’s immediate delivery pipeline.

The first project, confirmed today, will see Flagship join forces with Melbourne-based developer, Cranecorp Group, as the financial and development partner to its $35million high-end development at 1 – 3 Otter Street in Collingwood.

The deal will see Flagship work with its chosen financial institution to provide the finance and development services for the project, which is currently in-market and expected to commence construction in the coming months.

The announcement comes off the back of the developer’s successful completion of the new $150m Novotel Hotel in South Wharf, part of the $300m Melbourne Exhibition and Convention Centre (MCEC) expansion, completed last month, and its recent planning submission for a $50million mixed-use development at 195 Lennox Street, Richmond.  It is also currently in construction on its $110m Kodo Apartments development in Adelaide, and has secured development approval for its $60m second stage.

An established multi-sector developer in its own right with a project portfolio totaling close to $1b to date, Flagship Property Holdings Chief Executive Officer, Mark Jarman said the move to join Cranecorp was a departure from its traditional business model but flagged it was looking to explore “all opportunities” as it moved to diversify and expand its holdings in 2018.

“ The decision to join Cranecorp as the financial and development partner on its Otter Street project is an opportunistic one, driven by a like-minded approach to development and our desire to strategically expand our holdings in Melbourne’s residential market.

“ We are currently assessing a number of opportunities in Melbourne, however when the opportunity arose to partner with Cranecorp on its existing site, we saw a distinct advantage to execute in the market quickly with a project already in market, of a quality that is befitting of our approach to development.

“ We are of the firm belief that the Melbourne market remains strong and will continue to be into the future, especially in the inner-to-middle ring of up to 10 kilometres from the CBD.

“ Melbourne apartment buyers are discerning and savvy, and expect the highest quality, which is aligned with our development philosophy of developing ‘quality over quantity’ in carefully selected areas,” he said.

Flagship has confirmed that Otter St will immediately commence its tender for the construction works, with construction likely to commence in the coming months.

Visit www.otterst.com to register your interest.

Novotel Melbourne South Wharf opens ahead of schedule

8 April 2018

The 347-room flagship Novotel Melbourne South Wharf hotel has opened ahead of schedule next door to the Melbourne Convention and Exhibition Centre, the largest convention centre in the southern hemisphere.

Action Hotels plc, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is delighted to announce the opening of Novotel Melbourne South Wharf hotel, ahead of schedule.

The 347-room flagship hotel owned by Action Hotels is built on a long-term, 92-year lease plot of land held by Action Hotels and operated under AccorHotels’ 4-star Novotel brand. Situated in Melbourne’s newly re-developed Conference & Exhibition Centre, it is perfectly located to service both business and leisure travellers with quality affordable accommodation.

The Melbourne Convention and Exhibition Centre is the largest convention centre in the southern hemisphere and currently accommodates over 5,500 delegates, hosting over 1,030 events and attracting more than 680,000 attendees, with 220 events already confirmed for the new expansion space, commencing mid-2018.

Read the full article at The Hotel Conversation.

New Novotel Melbourne South Wharf is Open to Guests

16 March 2018

The new Novotel Melbourne South Wharf has opened its doors to guests.

Upon arrival hotel guests enter the Ground Floor lobby off Convention Centre Place at a junction where the Carpark, Pedestrian Link (to Fishermans Bend), and Melbourne Exhibition Hall meet, and a central hub for the precinct.  Traversing through the Ground Floor Lobby, patrons are then elevated up to a naturally illuminated Sky Lobby Reception on Level 5 which acts as a focal point into the Hotel Tower, Restaurant and Bar, Gym, Business Lounge and Café.

Guest room and suite interiors have a natural and timeless base palette. The bespoke joinery throughout all of the rooms has been carefully considered and planned to create a home for everything. The rooms have generous built in luggage racks, study spaces with task lighting, mini bars with additional storage. All the components are detailed to aesthetically sit seamlessly together, with a soft palette of natural timber contrasted with stronger architectural black metal accents.

Each bathroom features a custom formed basin with the same architectural metal accents carrying through into the vanity and illuminated mirror design.  Walk-in showers feature a slate grey herringbone tile.  All hotel rooms encompass Novotel brand identifiers including the global Live N’ Dream bedding and Fair trade bathroom amenities.  

The hotel is owned by Action Hotels Group and operated and managed by AccorHotels’.    Developed by Flagship Property Holdings and project managed by Premier Capital Developments, designed by NH Architecture, Woods Bagot Architecture and with interiors by Fender Katsalidis the hotel is the most visually stunning aspect of the Melbourne Convention and Exhibition Centre Stage 2 Exhibition Expansion.   The 95m high towers contrasting charcoal and gold facade is striking, with the Eastern facade wrapped in a gold curtain wall system of metal and glass and the gold is continued onto the new Exhibition Expansion roof. 

 

Flagship Submits Proposal for Richmond Apartment Development

28 February 2018

The Urban Developer story  on Flagship’s development proposal submitted to the City of Yarra for our $30 million multi-storey residential development, set to “redefine medium density living” at 195 Lennox Street, Richmond.

 

First look inside the new Novotel Melbourne South Wharf Opening March 2018

3 November 2017

There has been no hiding the rise of the 26-storey golden hotel tower in Melbourne’s South Wharf. Flagship’s new A$150 million Novotel Melbourne South Wharf is in its final stages of construction as part of the A$350 million expansion of the Melbourne Convention and Exhibition Centre (MCEC) and broader South Wharf precinct. As well as the new Novotel Melbourne South Wharf, the project includes a 20,000-square-metre expansion of the MCEC and a new 1,150-space, multi-level car park.

The hotel is on track to open in March 2018, Novotel Melbourne South Wharf has revealed a first look into its 347 guestrooms and suites which will set a new ‘gold standard’ in guest rooms and hotel interior design.

Designed by Woods Bagot, NH Architecture, and with interiors by Fender Katsalidis and Woods Bagot. The hotel is in the final stages of construction and will be one of the most impressive Novotel hotels in Australia.

Metallic details are described as the “Midas Touch”, creating moments of lux by providing a dramatic insertion into the hotel lobbies and dining spaces. Linished brass also highlights key service touch points, like bell desk, lift lobbies and hotel reception. A monochromatic backdrop provides shadow and light creating subtle drama in contrasting chroma, lighting balance and textures.

On arrival to the guest floors starting from level 7 to level 26, guests are provided with the latest generation proximity sensor door locks to access their rooms. Bespoke joinery is a highlight in every room and all have generously built wardrobes, luggage racks, study spaces with task lighting and mini bars with additional storage.

A soft colour palette of natural timber is contrasted with black accent walls, highlights the light and shade design principles which are present throughout the hotel.

Each bathroom features a custom resin formed basin with metal accents carrying through into the vanity and back-lit illuminated mirror design. Generous walk-in showers feature a slate grey herringbone tile. All hotel rooms will encompass Novotel brand identifiers including the global Live N’ Dream bedding and fair trade bathroom amenities.

Novotel Melbourne South Wharf complements the expansion of MCEC, providing guests with more high-quality accommodation options on the Yarra River’s Southbank.

Once complete, MCEC will span 70,000 square meters of event space, the largest in the southern hemisphere. The development of the Novotel will contribute significantly to the continued evolution of Melbourne as one of Asia Pacific’s most important tourism, meeting and events cities.

For further information, please head to www.accorhotels.com

Source Accor Group, Novotel Melbourne South Wharf

Kodo Releases Adelaide’s Highest Loft Apartments

9 June 2017

A selection of New York-inspired “sky loft” apartments have been released to the market within the $100 million Kodo development in the Adelaide CBD.

Believed to be the highest loft-style apartments in the city, the nine new sky lofts will be situated in the tower of the 30-storey development – the highest sky loft to be situated on level 27.

All of the double-storey sky lofts feature two bedrooms, two bathrooms and two balconies providing uninterrupted views to the Adelaide Hills. They also each include a separate laundry, powder room, extensive storage and modern kitchen with Miele appliances.

Steve Wise, CEO of developer Flagship Property Holdings, said Kodo has developed the sky loft apartments with world-class architect Woods Bagot in direct response to market demand.

“We had a terrific response to our loft apartments on the podium (situated on level four of Kodo at the base of the main tower), which are now all sold but continue to be an attractive floorplan for potential purchasers looking for something larger and unique. Woods Bagot’s design of the building has allowed us to replicate this experience higher up the tower as sky lofts,” he said.

“Lofts are especially popular in cities like New York but they’re a rare find in Adelaide, so we’re anticipating these apartments will generate plenty of interest, particularly among people looking to downsize and move into the city.

“Characterised by their open plan and access to natural light, these new sky lofts also offer exceptional views of the beautiful Adelaide Hills, which will no doubt be a key selling point for buyers too.”

Mr Wise said prices for the new sky lofts start from $760,000.

Located on Angas Street near Victoria Square, Kodo includes a four-level podium from ground level which will incorporate car parking, bicycle parks and residential apartments.

On the top floor of the podium, an exclusive resident sky garden will be established, with landscaped entertaining and recreation areas, as well as surrounding apartments with mezzanine floors and generous private terraces. Additional one, two and three bedroom apartments will then rise up another 26 levels, featuring sweeping views towards the Adelaide Hills and coastline.

Leading Australian building company Watpac commenced construction of Kodo earlier this year and anticipates completing works ready for people to move in by the end of next year.

To find out more about owning your loft in the sky and to view floor plans, contact Gareth on 0404 494 321 or register your interest here.  Watch Peter describe the Sky Lofts.

 

Kodo Ground Breaking

19 April 2017

South Australian Deputy Premier John Rau and Martin Haese – Lord Mayor of Adelaide were on hand to officially break ground on Kodo. Along with Jo Chapley – ALP Candidate for Adelaide, Martin Monro – Managing Director Watpac, industry guests and members of the Kodo project team joined Flagship as construction officially commences.

Steve Wise, CEO of Flagship, said the delivery of Kodo will add further vibrancy to the city CBD and Victoria Square precinct.

“We’ve always said that Kodo will become an iconic feature on the Adelaide skyline, and now it’s time to deliver,” said Mr Wise, who anticipates that construction will be complete and ready for people to move in by the end of next year.

“Having assembled an outstanding project team which has put in an enormous amount of work, it’s great to reach this point of the project and see the builders on site and construction underway.

“Our vision for Kodo is about to become reality, which is not only great news for our buyers, but a real vote of confidence in the broader Adelaide economy, including an estimated 250 local jobs during the construction period.”

Kodo – Now under Construction

6 March 2017

Kodo is now under construction. Watpac are on site and demolition of the existing building is underway.

Don’t miss your chance to live in the heart of the city at Kodo. 1, 2 and 3 bedroom apartments selling from $342,000*

Visit us at our Sales Office at 33 Angas Street, Adelaide or visit kodoliving.com.au.

New Year – New Location

1 February 2017

Happy Chinese New Year – The Year of the Fire Rooster

For Kodo this means a New Location, our Sales Suite is now located at 33 Angas Street.

We have moved just next door to allow Watpac to demolish the existing building at 29 Angas Street to make way for construction.

Visit us at the New Sales Suite, Tuesday to Saturday – 11am to 3pm or by appointment.

Best Houses Australia – Kodo

22 October 2016

Kodo Apartments has featured on Best Houses Australia.

Located at 29 Angas Street, Adelaide.  Kodo offers 1, 2 and 3 bedroom apartments, lofts, sub-penthouses and penthouse apartments with carparking, bike parking and a community Sky Garden.

Check out the exclusive story on 7PLUS.

Flagship to develop new Hotel as part of the $300m Melbourne Convention and Exhibition Centre Expansion

30 May 2016

Leading Australian developer Flagship Property Holdings has been appointed by Plenary Group to develop a new hotel as part of the $300 million expansion of the Melbourne Convention and Exhibition Centre (MCEC) and South Wharf Precinct.

Flagship will combine with Plenary and builder Probuild to construct the 331-room, four-star hotel, which will rise 20 storeys above a six-level car park.

The hotel will form part of the broader expansion of MCEC where preliminary works formally commenced this week.

Steve Wise, CEO of Flagship Property Holdings, said he is delighted to partner with Plenary Group, Probuild and architects Woods Bagot and NH Architecture on the project.

“Flagship Property Holdings has rapidly developed a reputation for delivering quality award-winning projects, so we’re thrilled to be involved in another major development,” said Mr Wise.

“This builds on the previous success of the partnership between Flagship and Plenary on the Hilton Melbourne South Wharf hotel, developed as part of the Melbourne Convention Centre and South Wharf DFO Retail Precinct. 

“The MCEC is one of Australasia’s leading conference centres, so we’re excited to be given the opportunity to develop the new hotel in conjunction with our project partners as part of the Centre’s broader expansion. 

Steve Wise, CEO of Flagship Property Holdings, said he is delighted to partner with Plenary Group, Probuild and architects Woods Bagot and NH Architecture on the project.

“Flagship Property Holdings has rapidly developed a reputation for delivering quality award-winning projects, so we’re thrilled to be involved in another major development,” said Mr Wise.

“This builds on the previous success of the partnership between Flagship and Plenary on the Hilton Melbourne South Wharf hotel, developed as part of the Melbourne Convention Centre and South Wharf DFO Retail Precinct. 

“The MCEC is one of Australasia’s leading conference centres, so we’re excited to be given the opportunity to develop the new hotel in conjunction with our project partners as part of the Centre’s broader expansion.

Read the full Release

Preferred Contractor Announced for $100m Kodo Development

8 April 2016

250 new construction jobs to be created

Leading Australian construction company Watpac has been announced as the preferred contractor to build Flagship Property Holdings’ $100 million Kodo apartment development in Adelaide.

Construction on what will be Adelaide’s tallest residential apartment development is planned to commence mid-year and will create approximately 250 new jobs.

Steve Wise, Director of Flagship, said the developer is excited to again partner up with one of the country’s premier construction companies.

“To deliver a large residential project like Kodo, we know how important it is to assemble a delivery team in which purchasers can be confident,” said Mr Wise.

“In Watpac, we not only have a builder with a great track record for delivering landmark buildings across Australia, but we have a construction partner that we have worked with numerous times before who we know can deliver quality award-winning projects.

“Together with Watpac and Woods Bagot, we delivered the Sunday Apartments in Melbourne that won an Australian Interior Design Excellence Award, which is testimony to our combined ability to deliver on a promise.

“We are looking forward to joining forces again to create a fantastic new development for Adelaide.”

Watpac Managing Director Martin Monro says the Group is delighted with its appointment.

 “Kodo is going to be an iconic Adelaide building that will bring exciting architectural and lifestyle elements to life offering luxury residences in the heart of the city,” he said.

“The project is a significant addition to our national contracting workbook, not only because it will be a landmark project for Adelaide, but because it gives us another opportunity to work with such a high calibre development team in Flagship and Woods Bagot.”

Kodo is located on Angas Street near Victoria Square and the Central Markets, and will incorporate 208 apartments plus ground floor retail and commercial tenancies.

It has been designed by world-class architect Woods Bagot with a four-level podium from ground level, which will incorporate car parking, bicycle parks and residential apartments. On the top floor of the podium, an exclusive resident “sky garden” will be established with landscaped entertaining and recreation areas, as well as surrounding apartments with mezzanine floors and generous private terraces.

“We have designed Kodo for people who want to live or invest in an inner city location and embrace the full vibrancy of Adelaide, including its growing number of restaurants, bars and events,” said Mr Wise.

One, two and three bedroom apartments are available within Kodo, with prices starting from $336,500.

The Kodo Sales Office is located on-site at 29 Angas Street, and is open Monday to Saturday 12noon to 5pm or by appointment.

For more information visit www.kodoliving.com.au

 

City makeover drives apartment boom

5 January 2016

MASSIVE investment in public infrastructure and rising international student numbers are driving an apartment boom in the heart of a major Australian city.

There are about 1800 apartments under construction across 12 projects in the centre of Adelaide with a further 24 projects approved for construction representing another 2000 apartments.   The Adelaide central business district’s population is tipped to reach 30,000 by 2020, which is more than double what is was in 2001.

The $100 million 30-storey Kodo development will have 208 apartments and become the tallest residential building in the South Australian capital upon completion in 2018.

Adelaide Lord Mayor Martin Haese said the private residential market had responded “vigorously” to the public investment to bring the city alive in recent years. “We have some confidence that with those 36 residential projects that between 2018 and 2020 we will reach a city population of 30,000,” he said.

The State Government plans to boost the number of international students studying at South Australia’s universities by 20 per cent over the next three years. International education is the state’s top service export, contributing $972 million to the South Australian economy in 2013/14 up from about $850 million the previous year.

Haese said there were about 32,000 international students in South Australia, of which about 8000 lived in the city.  “You can buy an apartment anywhere in the city of Adelaide and your major mode of transport can be your feet. That compact nature is a wonderful strength of our city. We also have many opportunities for growth in good quality dwellings – we are not going to run out of space any time soon.”

View the full story.

Source: Andrew Spence, The Lead South Australia

Kodo | Secure your room with a view now

5 December 2015

 Kodo Apartments

1 Bedroom apartments from $342,000

2 Bedroom apartments from $540,000

Secure your room with a view now.

Kodo – The heart of city living

25 November 2015

Kodo Apartments – every city has a heartbeat, a rhythm that creates an energy, a vibrancy that draws people to explore its streets and laneways. It’s what makes a city like Adelaide unique in its offering, what gives it life and what makes people want to come back time and time again. It’s what makes Adelaide one of the most livable cities in the world.

Imagine being able to immerse and soak up this city atmosphere at your choosing. To have the ability to revel in its many cafes, restaurants, boutique shops and hidden treasures at your leisure.

Visit Kodo or view Kodo.