RESIDENTIAL DEVELOPMENT
Our residential property development
business involves the subdivision of broadacre parcels of land into
residential housing lots. This process involves detailed planning in
conjunction with the local government to deliver an attractive community
for potential residents. The construction phase focuses on sewer, power,
water and cable telecommunications to each house lot, as well as public
open space and community facilities, service roads and contributions
to major roads and bridges.
The Lester Group also develops residential apartments and townhouses.
In addition to planning and constructing the dwellings, we establish
landscaping and ongoing maintenance programs, as well as strata committees
to ensure a smooth transition from construction site to home. Residential
development projects have ranged in length from 12 months to 12 years.
Current Residental Projects:
Completed Residental Projects
Belgravia Apartments, East
Perth
Beenyup Brook Estate,
Byford
Channel Heights, Dawesville
Excelsior Apartments, East Perth
Exmouth Marina Canals, Exmouth
Oakridge Townhouses, East Perth
Ocean Brook Estate, Dunsborough |
Palm Beach Estate, Rockingham
Riverslea Estate, Margaret
River
Seaview Estate, Eagle Bay
Somerville Waters, Joondalup
The Moorings, North Fremantle
Trafalgar Apartments, East Perth
Waterford Apartments, East Perth |
Approach
Achieving a high level of return
to stakeholders is the Lester Group's primary driver when undertaking
a residential development project. Equally, we only buy land or enter
into a project if we are proud to have the Lester Group name associated
with the development.
This means creating profitable and socially acceptable residential environments.
The Lester Group has built a reputation as a responsible developer that
supports its projects with extensive community consultation and infrastructure.
Financing
The Lester Group works with
a wide range of residential development funding and management arrangements.
Each project is specifically structured to its own circumstances, which
may involve government and non-government parties, sophisticated investors,
vendors and/or venture partners. Alternatively, the project may be wholly
owned by the Lester Group. The Lester Group manages each project and
is always the largest, or at least an equal, shareholder.
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Australind, Western Australia
Margaret River, Western Australia
Australind, Western Australia
Pemberton, Western Australia
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