IQ Apartments

Kingston Foreshore Eastlake Parade & Trevillian Quay, Kingston

Key Responsibilities:

 Provide advice to the developer in relation to compliance of legislative requirements  Preparation of compulsory documents necessary for compliance with the Developer Disclosure Obligations  Consult in relation to practical implications of building design and operation  Procure service agreements in relation to ongoing building operation  Preparation of budget forecasts for operational and capital expenses of the building  Consult with key stakeholders including finance partners, agents, purchasers and solicitors  Establishment of the Owners Corporation and preparation of inauguration documents  Assist with the settlement of purchased properties at instruction from solicitor & developer  Implementation of strategic and operation plan following completion and settlement  Assist new building owners with transition of responsibilities  Assist with commercial unit owners / tenants in relation to fit-out & signage approvals  Assist with approvals necessary for liquor licencing requirements  Troubleshooting with precinct issues in relation to commercial uses e.g. waste management Kingston Foreshore is a master planned precinct encompassing a number of standalone developments delivered by a range of Canberra‟s best known property groups including Doma, Englobo, Amalgamated & CIC. Although development continues within the precinct and will do so for many years to come, many projects have completed and the area is underpinned by the success of these landmark residential and commercial buildings to date. Borrowing from the lessons learned with The ApARTments at NewActon, it was necessary to disclose information pertaining to the funding and operation of the future Owners Corporations from the outset of launching the respective projects. Although fundamentally the method and processes involved in order to comply with the developer disclosure requirements was now well understood, the Kingston Foreshore represented an added layer of complexity due to the nature of the competing uses of commercial retail, office and residential apartments. While this combination is not in and of itself unusual, the developers of Dockside (Doma), Aurora and Element (Englobo) sought to create further separation of obligations and rights for each type of use than is provided by default within the Unit Titles Act. By reviewing special provisions within the legislation, and in consultation with key consultants of the developers design and legal teams, we were able to establish separate funding obligations for commercial retail units (and office units in the case Ray White has been involved in a majority of these projects both in relation to Strata consulting as well as commercial sales and leasing.

Challenges & Learnings (overview)