6-34 High St Preston is an acquisition by Barings to develop a build-to-rent asset on the site.
THE PROJECT AT A GLANCE
- Client
- Barings
- Project Value
- Confidential
- Location
- 6-34 High St, Preston VIC
- Services
- Project Management, Superintendency
- Completion
- 2025
The mid-rise mixed use development will comprise a mix of 1, 2 and 3-bedroom apartments totalling circa 235 dwellings with dedicated amenities and outdoor open spaces for residents. In Addition 7 3x bed townhouses line the Plenty Rd frontage with incorporating office suites. The development is further complimented with 6 retail tenancies, mostly catering for F&B use.
It will have three levels of a basement car park with spaces for 250 cars. The development is well-located to public transport links with trams on Plenty Rd and High Street, and Bell Street train station 800m away.
Designed by Rothelowmans Architects, it will be a significant development in the Preston area in line with the strategic planning overlay. The development aims to achieve significant ESG targets and provides discounted rents for key workers such as police, nurses, ambulance drivers etc.
Our role
Essence has been appointed as the project manager from commencement to completion.
THE PROJECT AT A GLANCE
- Client
- Barings
- Project Value
- Confidential
- Location
- 6-34 High St, Preston VIC
- Services
- Project Management, Superintendency
- Completion
- 2025
Complexities
- Revised planning permit
- Managing impacts from groundwater and building below the water table
- Targeted ESD requirements to fit feasibility
- Retail leasing mix, rents, and incentives
Benefits Delivered
- Understanding of design complexities to achieve ESD goals
- Approval beyond existing permit conditions to achieve the most feasible outcome for the client
- Increased understanding of design complexities to achieve ESD goals and deliver a sustainable project.
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