Cbus Property and Sterling Global have appointed Hacer Group as the builder of their boutique joint-venture residential development, Como Terraces in South Yarra, marking a momentous milestone in the project’s lifecycle.
The award-winning property developers will commence works on the $170 million project next month, following the imminent closure of the purpose-built on-site display suite.
Como Terraces marks Cbus Property’s third collaboration with Hacer Group, with Chief Executive Officer, Adrian Pozzo, saying the team was pleased to be able to continue the partnership.
“Having successfully completed Cbus Property’s Holme development in Collingwood to an exceptional standard and currently constructing our prestigious 17 Spring St project in Melbourne’s CBD, we are delighted to appoint Hacer Group on Como Terraces, as we have seen first-hand the team’s ability to deliver on and exceed our high expectations,” Mr Pozzo said.
“We are confident that Hacer Group will complete this high-end product with the utmost attention to detail and finish.”
Sterling Global’s Chief Executive Officer, Neil Li, said the appointment of one of Australia’s preeminent builders to commence construction on Como Terraces was “extremely pleasing”.
“Sterling Global and Cbus Property are excited to be delivering this extraordinary development under the expertise of Hacer Group,” he said.
“Purchasers are recognising the unique opportunity of Como Terraces’ prime South Yarra location and exclusive boutique residential offering, and Hacer Group will add to the appeal of this dynamic joint venture.”
Designed by Carr, with landscape architecture by Taylor Cullity Lethlean (T.C.L), Como Terraces comprises four two-bedroom residences, 34 three-bedroom residences and one four-bedroom residence assembled across eight low-rise buildings. Ranging from ground-floor terraces to penthouses with stunning city and Yarra River views, the residences are connected by a central landscaped staircase reminiscent of Rome’s Spanish Steps.
Luxury amenity will include a formal entry and concierge with waiting lobby; mid-level lounge/lobby space; private dining room and kitchen; outdoor communal terraces; and basement parking with direct access to all residences.
The Como Terraces display suite at 61 Kensington Road, South Yarra, is due to close in the coming weeks. Contact selling agent Kay & Burton’s Peter Kudelka on 0418 319 439 or Damon Krongold on 0418 850 757 for more information or to book a private appointment. Construction completion is anticipated for 2024.
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