The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterMon 06 Jul 15

Construction Starts On Tessa's G35 Project In Windsor

g

Queensland developers Tessa Developments and Golden State Developments have commenced construction of their $15 million G35 boutique apartment project at Windsor in Brisbane's inner north.

The project at 31-35 Gallway St, Windsor, consisting of 28 oversized apartments ranging in price from $500,000 to $520,000, sold out in one day.

Tessa Group Managing Director Brendan Tutt said he was very happy with the market take-up.

"Most buyers who purchased in the G35 development have been holding back in the market looking for higher quality finishes and larger apartments," Mr Tutt said.

"With all units grossing over 100 sqm we have been able to offer more liveable spaces and still deliver value."G35 is scheduled for completion in June 2016. The development is one of five inner city apartment projects Tessa Developments is undertaking in Brisbane.

Tessa Developments sales and marketing director Andrew Coulter said the project had attracted a wide range of buyers.

"We have had a great spread of buyers from both local owner occupiers to investors and the pleasing thing to know is that we could have sold another 28," Mr Coulter said.

"There is a flight to quality in the market today and buyers are prepared to wait, it has been a great result."Hutchinson Builders has been appointed to build both G35 and Tessa Developments' next project the $20 million Parkside on Folkestone at Bowen Hills.

Hutchinson Builders Chairman Scott Hutchinson said the company was pleased to be working with Tessa.

“We are excited to be involved with these projects and we look forward a long association with the Tessa Group," Mr Hutchinson said.

"They are leading the way in this sub-100 apartment market with site selection, quality and design."Tessa Developments director Kurt Swenson said that over the next 12 months, Tessa Developments in partnership with Excel Development Group would deliver over $100 million worth of projects.

The company has three further apartment projects in Ascot, Windsor and Lutwyche and a strong focus on design-led projects in strong, well-established, blue-chip, owner-occupier markets.

Tessa Developments was formed in 2014 by Mr Tutt, Andrew Coulter and Kurt Swenson.

OtherAustraliaConstructionConstructionOther
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The property giant’s strategic shift to higher density is in full flight as details of two landmark projects are made pu…
LATEST
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/g35-24871