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Nishi
Edinburgh Avenue,
Canberra
Key Responsibilities:
Provide advice to the developer in relation to compliance of legislative
requirements
Consider implications of and provide advice regarding Stratum subdivision
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
Review documentation dealing with transfer and grants of easements rights
and obligations
Establishment of the Owners Corporation and preparation of inauguration
documents
Assist in preparation of Shared Facilities Register
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 joint commercial building management strategy
Troubleshooting with precinct issues in relation to commercial uses e.g.
waste management
Challenges & Learnings
(overview)
Nishi is a landmark and cutting edge mixed use development located along the
shores of Lake Burley Griffin.
In addition to being complex in its built environment, Nishi stands out as one of only
two „Stratum‟ developments in the ACT, and certainly the most layered and
ambitious.
Further drawing on the need to create a genuine separation of rights and
obligations across different property types, the developers of Nishi ultimately made
the decision to create subdivisions in airspace to accommodate a joint structure
encompassing residential apartments, hotel accommodation, retail and office space.
Each component of the development sits on a separate crown lease to the other,
and the residential apartments are further subdivided into a Units Plan within the
parcel from levels 4 and above.
Although developments of this nature are not uncommon in other mature markets,
this is essentially the first of its kind in the ACT. The unique tilting of the
development is further complicated due to the fact that the developers reached the
decision to create a „stratum‟ subdivision after already launching the development
under an entirely different proposed titling structure.
The initial brief was to provide documentation necessary to comply with the
developer‟s disclosure obligations, which was achieved and assisted in the initial
successful launch of the apartments. Subsequently it was necessary to review all of