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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
Challenges & Learnings
(overview)
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.
Ray White has been involved in a majority of these projects both in relation to Strata
consulting as well as commercial sales and leasing.
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