R&F tops out first building in Live City mixed-use scheme in Australia

WCN Editorial Team 27 Aug 2019 OCEANIA BUILDINGS

R&F Property Australia has topped out the first building at the A$750m (£415m) Live City residential and mixed-use development in Footscray.

The eight-building Live City is being developed on the former Kinnears Ropeworks site in Footscray in Melbourne, transforming the area into a new lifestyle destination for the city’s inner-west.

The topping out was celebrated with the installation of a tree on the rooftop in a ceremony in which R&F Property Australia vice president Thomas Chiu, senior executives and key project partners, L U Simon Builders and project planning and management participated.

The first, 15-storey building comprises 208 one-, two- and three-bedroom apartments, exclusive resident amenities and over 500m² of ground-floor retail space. Of the 208 units, around 60% have already been sold so far in the first stage.

One-bedroom apartments are priced from A$367,000, two-bedroom apartments from A$492,000 and three-bedroom apartments from A$763,000.

Construction on the first apartment tower began in December 2017 and is scheduled for completion in time for the first residents to move in later in 2019.

The company has recently completed works to restore the first historic building, a two-storey brick structure on Ballarat Road, which was once a rope dispensary and dining hall for Kinnears workers.

Kinnears, which manufactured rope, string and other products for 100 years, was closed in 2002.

R&F Property is honouring the industrial past of the site at Live City.

As part of the project, the company has planned 1,400 new dwellings, a shopping centre and plaza, restaurants and cafes, community facilities, adaptive re-use of heritage buildings and multiple pedestrian paths and laneways.

Part of property development group R&F Properties with operations in Australia, the UK, China and Malaysia, R&F Property Australia acquired the site in Melbourne in 2016 for A$60m.

Chiu said: “In the coming years, the inner-west Melbourne community will see us deliver all the other exciting components of this master planned precinct.”

The company, which purchased a 1.6-hectare site in Brisbane’s West End for A$82.5m in 2015, has planned a seven-building apartment project on the site between Hockings and Donkin street.

----------------------------------------------------------------------------------------------------------------------------------------------------

Image: R&F tops out first building in ‘Live City’ mixed-use scheme in Australia. Photo: Courtesy of R&F Property Australia.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2019 GlobalData. All rights reserved.