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Media | Celsius’ Shenton Park approved with Build-to-Rent apartments designed by Rothelowman

This article was originally published in https://www.businessnews.com.au written By Claire Tyrrell

Celsius’ $250m Shenton Park apartments approved

The project includes a 226-build-to-rent development and 72-dwelling build-to-sell component.

The build-to-Rent component. Designed by Rothelowman

Celsius Property Group has been given the green light by planning authorities to develop a $250 million apartment project in Shenton Park.

The development consists of a 13-storey build-to-rent building and eight-storey build-to-sell component, valued at $150 million and $100 million respectively.

The Department of Planning, Lands and Heritage approved the project, on two lots of DevelopmentWA’s Montario Quarter precinct, this month.

It marks the East Victoria Park developer’s first foray into the build-to-rent market, which has gained traction in recent years.

The build-to-rent component, on Lot 36 in Montario Quarter, comprises 226 studio, one, two and three bedroom apartments.

The Rothelowman designed project will contain extensive amenity to cater for long-term tenants.

The build-to-sell project, on Lot 35, comprises 72 one, two, three and four bedroom dwellings, with two car bays per apartments, as well as a residential amenity deck.

Space Collective Architects designed the build-to-sell component, and Urbis lodged the planning submission for both projects.

Celsius Property Group managing director Richard Pappas said there was strong demand for both product types in Western Australia.

“Since January 2021 there has been a reduction of over 21,000 residential investment properties across Western Australia as thousands of Mum and Dad Investors take advantage of increased values to exit the market,” he said.

“Invariably these homes have been sold to highly active owner occupiers displacing thousands of tenants and pushing up Perth rental values.

“Whilst east coast investors have been very active in the greenfields on the urban fringes, professional tenants looking to live close to the city have been starved of options.

“At the same time right sizers are desperate to move out of the, no longer fit for purpose, family home whilst staying in their local community in more appropriate housing.”

Mr Pappas, also WA president of the Urban Development Institute of Australia, added that the state’s present housing crisis required an “all hands -on deck” approach , including industry and government, to solve.

He said the company was working with capital partners to deliver the build-to-rent component.

The build-to-Rent component. Designed by Rothelowman

Rothelowman Perth principal Kylee Schoonens said the firm’s experience across Australia in delivering build-to-rent projects would help with this project.

“Having designed almost 20 per cent of the build-to-rent housing supply in Australia, Rothelowman’s national build-to-rent experience, our understanding of design and operational nuances of this housing typology … has allowed us to collaborate with Celsius,” she said.

Rothelowman senior associate Damian Butler said the studio’s design responded to the rich heritage of the Montario Quarter precinct and retained many mature trees on site.

“Community interaction within the building and the relationship with Celsius’ neighbouring build-to-sell development was important … [and] …  we have created a new cross-block link to connect both buildings and improve pedestrian movement across the whole precinct,” he said.

Space Collective Architects design director Felipe Soto said the build-to-sell component balanced the “existing heritage fabric, landscape and public domain” and addressed the need for increased density in well-established suburbs.

Celsius anticipates it will start building the project in the second quarter of next year and have complete it by mid-2027.

The build-to-sell component. Image: Space Collective Architects

This article was originally published in https://www.businessnews.com.au written By Claire Tyrrell