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The Apartments
19 Marcus Clarke Street
Canberra
Key Responsibilities:
Provide advice to the developer in relation to compliance of new 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
Challenges & Learnings
(overview)
The Apartments at NewActon is a development of local and national significance.
The mixed use residential & commercial building incorporates 190 strata titled units,
predominantly apartments, with some ground floor retail and office use.
The nature of the building itself was complex in design and service requirements.
Unusually however, the project was delivered as a staged development as part of a
single Units Plan.
At the time, a staged development under one Units Plan was reasonably
uncommon in the ACT. This caused an increased degree of complexity surrounding
planning and certain sequencing sensitivities in relation to budgets for building
operations and levying of units settling in each respective stage at different times.
The staging of the development was further complicated due to each stage forming
part of a single building structure. Ground floor level units up to level 4 (known as
the „podium level‟) were completed and registered as part of the first wave, thereby
creating the legal entity of Units Plan 3488, while all following units on subsequent
floors remained part of the uncompleted development. This part of the building
continued to be a construction site with certificate of occupancy being issued some
months later, followed by legal title being issued enabling settlement.
A great deal of thought was dedicated to balancing the need for trades access to