Lorimer
The property is located next to the Bolte Bridge in Docklands which maintains strong connectivity and public transport links to the Melbourne CBD which allow access to the larger metropolitan area.
Project Description
Project Location
The property is located next to the Bolte Bridge in Docklands which maintains strong connectivity and public transport links to the Melbourne CBD which allow access to the larger metropolitan area.
Project Development
The development application was formally lodged by the borrower in December 2021 and has subsequently been approved. The development will consist of 26,913 sqm in residential area, along with community and food and beverage spaces. The ground floor will have a lobby, carpark entry, community spaces, food and beverage area, lounge and dining area, a meeting room, bike storage and an electric vehicle car share space. The Gross Floor Area (GFA) for the entire building is 50,766 sqm.
Project Loan Details
The repayment strategy for the facility will be to refinance to development funding with the 12-month term of this land facility to allow adequate time to activate construction funding for the Project.
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