PPMGA provided Project Management services for the 154 residential apartments development.
Challenges
Purchased with an existing permit, we were required to remodel the initial feasibility modelling to ensure the project achieved the IRR hurdles set by the client, revise design to ensure the right apartment mix and sizes, and then secure revised planning approval.
Solutions
PPMGA worked with Council to meet their concerns regarding height, achieving approval at VCAT. PPMGA also ensured highly detailed market research, analysis and financial modelling was undertaken, and engaged the project team best suited to the development.
Results
PPMGA delivered 154 apartments on this project, to the original feasibility and program. Design was proven to be well managed as it ideally matched the target market, evidenced by the strong sales take up throughout the campaign.
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Project Planning and Management Group Australasia, PPMGA, has an enviable track record of delivering outstanding client results.
