IQ Apartments

In recent years, Canberra has seen substantial growth in the construction of mixed use developments. These buildings comprise both residential and commercial/restaurant and retail units. This arrangement is relatively new to the Canberra region and carries with it additional challenges and obligations. Here at Civium Strata People, we have the skills and experience in our strata management and business development teams to fully understand these challenges and pride ourselves in our ability to understand and effectively manage these buildings.

How does this benefit you?

We have heavy involvement in the setup of the budgets whilst the building in still under construction. This allows us to fully understand the complexities of the building in terms of mechanical equipment, fire services, waste management, security as well as the other ‘soft services’ such as cleaning and landscaping. Another important factor of all mixed use developments is the completion of an Asset Register. Having a properly completed Asset register prepared upfront and available from the date of registration gives guidance and surety around sinking fund budgets in the coming years. It also provides a base line for all future sinking fund audits. Our experience extends across the ongoing management of many similar buildings across Canberra, and as such, means we understand and appreciate their complexities. We therefore have the additional capacity to provide recommendation, guidance and support on such issues as:

 Waste Management  Grease Traps  Commercial Fit-Outs  Access Control

 Ingress/Egress Control  LDA/TAMS Negotiation  Commercial Staff Management  Service Contracts/Asset Management  Split Contributions/Shared Services Budgets

Successful management of the above will ensure the body corporate operates effectively whilst meeting short and long term goals, particularly regarding the financial and structural integrity of the building and surrounds. Should the above be ignored or mismanaged, many additional problems will arise, for example; Waste Management: – Failure to manage this process will result in complaints, odours, health risks, penalisation and loss of amenity. Owners/Developers and Builders can confidentially place their faith in our organisation to relieve the stress caused by the numerous tasks and responsibilities we undertake and by drawing on our experience to identify practical solutions to every day challenges. Understanding and managing this building will require a more sophisticated and measured approach to strata management that can only be achieved through real time experience and engaging Civium Strata People to manage this development from the developer control period through to registration and beyond.