CONSOLIDATED Properties Group has started construction on its Ikon Glen Waverley tower in Melbourne's eastern suburbs, after selling out all apartments and office spaces worth $70 million in seven days.
The project is being built adjacent to the Glen Waverley railway station, and is the first Transit Oriented Development in Melbourne’s eastern suburbs corridor.
When complete in late 2013, IKON will comprise basement carparking, eight levels with 116 one and two bedroom apartments and an office and retail precinct.
Consolidated Properties chief executive Don O’Rorke joined project partner VicTrack and Minister for Public Transport Terry Mulder to mark the official start of construction.
O’Rorke said the project firmly establishes Consolidated’s presence in Victoria.
“The development of Ikon has been eagerly anticipated by purchasers and the local community alike. Its early sell out success highlighted that there is strong underlying demand for this type of property in Melbourne, and we have great confidence in this market going forward.
“Ikon has really ticked all the boxes – its site usage meets the requirements of land owner VicTrack and the local Council, while still being attractive to purchasers and business owners who want to be a part of Glen Waverley’s vibrant new activity centre,” he added.
Property Review
