Riverside works underway
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- Created on Monday, 02 April 2012 07:52
Works on the Metropolitan Redevelopment Authority's Riverside project are now underway. The Riverside project, of which Queens Riverside forms a part of, will help transform the eastern gateway into the city and create a vibrant new destination for the people of Perth and visitors to the city.
Works to achieve the vision for Riverside are now underway and will involve stabilising ground conditions to ensure the site is ready for future public spaces and development, and creating new connections that will cater for the growing numbers of people who will live, work and socialise in the Riverside area.
These infrastructure works will occur on and around the Waterbank site, which is adjacent to the Causeway, Trinity College and the WACA. Works are planned on Hale Street and parts of the Waterbank site from 30 March 2012 to 9 April 2012. For more information download the MRA's fact sheet here.
Metier appointed for retail and commercial leasing at Queens Riverside
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- Created on Monday, 02 April 2012 06:15
Frasers Property Australia has appointed local firm Metier to lease the retail and commercial tenancies in the first stage of its $450 million Queens Riverside development.
Set to open in September, the retail tenancies are on the ground floor of Fraser Suites, Perth. The five tenancies range from 136sqm – 185sqm, and most are ideally located facing Adelaide Terrace and De Vlamingh Avenue.
The future commercial space of a total 916sqm is being offered in four tenancies ranging between 182sqm and 275sqm on the second and third floors of the 23-storey building.
Once complete, Queens Riverside will consist of 408 residential apartments, 236 serviced apartments, retail and commercial spaces, all located in a vibrant urban quarter within the significant Riverside precinct, offering an active on-site customer base for retail ventures.
QIII breaks $100million mark
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- Created on Monday, 02 April 2012 05:57
With over 50% of the building now sold QIII has just burst through the $100-million mark for total gross sales to date with over 145 sales.
Qlll is part of Frasers' Queens Riverside development, offering 408 luxury apartments in three buildings and a 236 room all-suites hotel, operated under the Frasers Hospitality brand. The development will deliver a new urban quarter for the Western Australian capital at a time when demand for inner city accommodation is on an exponential increase.
Frasers chief executive officer Guy Pahor said, "Qlll is attracting a wide range of local, interstate and international buyers looking to secure a quality property off the plan, underpinned by the State's mining boom."
"The strength of the Western Australian economy makes Perth an outstanding investment location. But it's obvious that quality and amenity is also important because we've seen strong sales at a time when some other properties are struggling to attract buyers," added Mr Pahor.
Over 115 apartments sold at QIII
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- Created on Friday, 09 December 2011 05:43
Frasers Property Australia has recorded impressive pre-sales for its landmark 'Qlll' apartment building in East Perth, with more than 115 apartments now sold in the newly released development. Total sales since the formal launch on 7th October 2011 are 122 apartments, achieving $88- million at an average price of $721,311. Top value to date is $1.4m for a three-bedroom apartment on the 21st floor.
The month of November alone yielded 44 sales valued at more than $32-million.
Qlll is part of Frasers' Queens Riverside development, which will offer 408 luxury apartments in three buildings and a 236 room all-suites hotel operated under the Frasers Hospitality brand. The development will deliver a new urban quarter for the Western Australian capital at a time when demand for inner city accommodation is increasing sharply.
Frasers chief executive officer Guy Pahor said Qlll was attracting a wide range of local, interstate and international buyers looking to secure a quality property off the plan, underpinned by the state's mining boom. A series of promotional seminars in Singapore last month produced exceptional interest and sales totalling more than $11.1 million.
"The strength of the Western Australian economy makes Perth an outstanding investment location. But it's obvious that quality and amenity is also important because we've seen strong sales at a time when some other properties are struggling to attract buyers," said Mr Pahor.
Queens Riverside is within the WA Government's 'Riverside' redevelopment precinct, set to transform the Perth CBD's urban waterfront with more than 5,000 residents and over 80,000sqm of new commercial and retail space. As the first offering in this major masterplanned redevelopment to hit the market, astute purchasers have quickly identified the project's strong capital growth potential. Sales agent Wayne Briggs said Qlll was an outstanding product for both investors and owner-occupiers. "We're seeing more than 60% of buyers indicate they intend to live here," he said. "That's really unusual for off the plan sales in Perth, where you'd normally get something like 70% or more of your sales from pure investors. "I think it reflects the fact that Queens Riverside offers so much more than a generic apartment building. Queens Riverside is a vibrant lifestyle precinct, and the future amenity of this location is something quite special in Perth," said Mr Briggs.
QIII shares a dramatic porte cochere entry with Fraser Suites Perth, complete with vertical gardens, water features, sculptures and a sparkling canopy, making arriving home a 5 Star experience. "There is no doubt about Frasers' commitment to quality, which is clearly demonstrated in the stunning sales suite for Queens Riverside on Adelaide Terrace," said Mr Pahor."Anyone considering buying an apartment in Perth, regardless of the location, should visit that sales suite as part of their groundwork of buying a home."
QIII at Queens Riverside Just Released
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- Created on Wednesday, 21 September 2011 06:04
Frasers Property Australia has increased its visibility in Perth with the launch of sales of its first apartments in the prestigious Queens Riverside development at the eastern end of Adelaide Terrace.
Now under construction, the prominent 15,302m2 site will eventually accommodate 408 luxury apartments in three buildings and a 236 room all-suites hotel operated under the Frasers Hospitality brand.
Queens Riverside will combine residential apartments with commercial and retail suites, a new dining precinct and Fraser Suites Perth – with the hospitality offering central to the precinct’s vibrant character.
Queens Riverside is located near the Causeway on the site of former Metrobus depot, bordered by Hay Street and Adelaide Terrace, close to the Swan River foreshore. The East Perth Redevelopment Authority has approved apartments and townhouses, commercial space, a new retail precinct and a luxurious apartment hotel for the site.
The first apartments to market are in the QIII building.
The concept master plan for Queens Riverside was by Jones Coulter Young Architects. The design of QIII is by Perth architect Bruce Robinson, who was also responsible for the design of the Raffles redevelopment.
At 26 storeys, QIII is architecturally bold with a distinctive identity, designed to embrace views of the Swan River, the City and the Darling Ranges.
QIII offers 265 apartments, including a relatively new concept to the Perth market, 58 ‘dual key’ apartments in which two dwellings share a common foyer, on a single title. This flexibility allows the owner to occupy one dwelling while earning income from the other, or to let out both dwellings, achieving rental income greater than an equivalent single-occupancy apartment.
Frasers Property Australia CEO Guy Pahor believes Frasers will deliver a new standard of apartment living into the Perth market.
“There is no doubt about Frasers’ commitment to quality, which is clearly demonstrated in the stunning sales suite for Queens Riverside on Adelaide Terrace,” says Mr Pahor.
“Anyone considering buying an apartment in Perth, regardless of the location, should visit that sales suite as part of their groundwork of buying a home,” he says.
“The quality is simply outstanding. Our sales agents have told us that it’s great to have a new world-class apartment developer in Perth.”
Janine Thomas of Wayne Briggs Project Marketing believes the strip of restaurants and cafes planned for Queens Riverside, to be known as Eat Street, will breathe new life into the precinct and will essentially become the heart of Queens Riverside.
“It will be a wonderful place to enjoy alfresco dining in Perth’s balmy evenings, or a morning coffee after a visit to the on-site gymnasium,” she says.
It also means residents will also have the option to be able to pop down to grab some take-away. This type of living is perfect for people with busy lifestyles.”
Mr Pahor says, “Queens Riverside demonstrates Frasers’ commitment to the Perth market, where we see good opportunities for growth within ‘urban villages’ which combine living, working and leisure.”
“We know from the success of our existing mixed-use projects that buyers are looking for high quality designs and genuine amenity, with strong growth potential,” he says.
“Queens Riverside certainly delivers on that wish list.”
Dual key apartments offer new flexibility
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- Created on Wednesday, 21 September 2011 06:04
Frasers Property Australia is about to begin offering the first dual key luxury apartments to the Perth market.
The innovative dual key apartments are part of Frasers’ Queens Riverside development at Adelaide Terrace in East Perth.
In a dual key apartment, two dwellings share a common foyer, on a single title. The flexibility allows the owner to occupy one dwelling while earning income from the other, or to let out both dwellings, achieving rental income greater than an equivalent single-occupancy apartment.
The first stage of the $450 million Queens Riverside development is being marketed by Wayne Briggs Project Marketing.
Wayne Briggs recently inspected three landmark projects in Sydney undertaken by Frasers Property Australia, including the new $2 billion ‘Central Park’ development which, like Queens Riverside, combines residential, retail, commercial and leisure components.
He believes Frasers will deliver a new standard of apartment living into the Perth market and he sees a range of new opportunities in the dual key offering.
“The dual key concept is unique to Queens Riverside,” he says. “It offers a real alternative for apartment buyers to reduce their mortgage payments or for investors to generate another income stream.
“We’ve seen a shift in the needs of buyers, where live-in grandparents are not uncommon, nor are adult ‘children’ living at home. Both these scenarios are ideal for the dual-key apartments, where privacy and proximity are combined into the one property.”
Mr Briggs says the dual key offering allows buyers to invest in both the present and the future.
“Buy a dual key apartment; live in the one-bedroom element and take advantage of your purchase in the present property market while you also look after your future wealth and achieve a rental for the single bedroom apartment next door.”
Queens Riverside is located near the Causeway on the site of former Metrobus depot, bordered by Hay Street and Adelaide Terrace, close to the Swan River foreshore. The East Perth Redevelopment Authority has approved apartments and townhouses, commercial space, a new retail precinct and a luxurious apartment hotel for the site.
The first apartments to market are in the QIII (pronounced Q-three) building.
QIII offers 265 apartments, including 58 ‘dual key’ apartments.
Prices at QIII will range from $340,000 for a studio apartment, with dual key apartments from $600,000.
The concept master plan for Queens Riverside was by Jones Coulter Young Architects. The design of QIII is by Perth architect Bruce Robinson - who was also responsible for the design of the Raffles redevelopment.
At 26 storeys, QIII is architecturally bold with a distinctive identity, designed to embrace views of the Swan River, the City and the Darling Ranges.
Next door to QIII will be Fraser Suites Perth, the first Gold Standard serviced residences to be built in the area in more than 14 years and the second serviced residence in Australia managed by international group, Frasers Hospitality Pte Ltd.
Janine Thomas of Wayne Briggs Project Marketing believes the strip of restaurants and cafes planned for Queens Riverside, to be known as Eat Street, will breathe new life into the precinct and will essentially become the heart of Queens Riverside.
“It will be a wonderful place to enjoy alfresco dining in Perth’s balmy evenings, or a morning coffee after a visit to the on-site gymnasium,” she says.
“It also means residents will also have the option to be able to pop down to grab some take-away. This type of living is perfect for people with busy lifestyles.”
Frasers Property Australia chief executive officer Guy Pahor said “Queens Riverside demonstrates Frasers’ commitment to the Perth market, where we see good opportunities for growth within ‘urban villages’ which combine living, working and leisure.”
“We know from the success of our existing mixed-use projects that buyers are looking for high quality designs and genuine amenity, with strong growth potential,” he says.
Fraser Suites introduces a new style of executive accommodation in Perth
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- Created on Wednesday, 21 September 2011 06:04
Fraser Suites Perth will be the first Gold Standard serviced residences to be built in the area in more than 14 years and the second serviced residence in Australia managed by international group, Frasers Hospitality Pte Ltd.
Fraser Suites Perth at Queens Riverside is expected to open for business by August next year. It would rate 4½ stars by international standards and would be welcomed by major companies who struggle to find suitable executive accommodation in Perth.
Fraser Suites Perth will offer a fresh new design and a high level of luxury, space, convenience and lifestyle facilities for discerning business and leisure travellers.
Architect Jones Coulter Young is responsible for the refined façade of Fraser Suites Perth, with interior design by Ruth Levine Design.
“Anyone who has stayed at Fraser Suites Sydney will testify to the refined contemporary design, relaxing ambience and superior amenities of a Frasers Hospitality property,” says Mr Pahor.
Fraser Suites Sydney is part of Regent Place, a vertical village comprising Lumiere Residences and a four level retail and commercial centre. The successful model, in which hospitality and residential apartments are combined with upscale retail and food offerings, will be repeated at Queens Riverside.
Mr Pahor says, “Queens Riverside will be an active ‘urban quarter’ with an imaginatively landscaped plaza at its heart.”
“Residents and hotel guests alike will arrive via a dazzling porte cochere on Adelaide Terrace, strolling beneath a sparkling canopy with cascading ponds, vertical gardens and a gallery of public artworks combining to create an arrival experience unlike anything Perth has seen before.”
Inside, Fraser Suites Perth will include an innovative range of room configurations including ‘dual key’ interconnecting suites that enable a studio apartment and adjoining one bedroom suite to be combined to create a two bedroom, two bathroom suite. Frasers Hospitality’s clients say the merging of space and facilities is especially perfect for long-term stays and families.
Fraser Suites Perth at Queens Riverside will uphold the Gold Standard services for which Frasers is known globally.
Guests, mainly executives and seasoned travellers, demand greater efficiency and convenience, and more relaxation choices after office hours.
Frasers Hospitality offers super-broadband Internet wherever available, VoIP communications, and customised services such as personal trainers, personal shoppers or chefs.
Occupancy across Frasers Hospitality’s properties worldwide is above 80 per cent, underlining a strong upswing for the extended stay market.
Queens Riverside is being developed by Frasers Property Australia (FPA). FPA is a division of Frasers Property, the international property arm of Frasers Centrepoint Limited.
FPA is currently developing AUD$4.5 billion in residential property, including the Queens Riverside precinct and Sydney’s Central Park precinct on the 5.8 hectare site of the former Carlton United Brewery.
Fraser Suites Perth was part of an aggressive global expansion being undertaken by Frasers Hospitality, which had grown from two properties ten years ago to 40 properties in 22 cities worldwide.
In the past three months the company has launched new properties in Singapore and Chengdu in China. During the remainder of 2011 Frasers will open more new properties including projects in Jakarta, Indonesia; Suzhou in China; New Delhi, India; Doha, Qatar; Istanbul, Turkey and Budapest in Hungary.
The momentum will pick up in 2012 when Frasers Hospitality opens a further 13 properties including Frasers Suites Perth at Queens Riverside. Frasers Hospitality is adding 24 new properties by the end of 2012 and will manage a total of 64 properties across 37 cities.
It is a truly ambitious expansion phase, and will add 4,300 serviced residences to the Frasers Hospitality inventory.
