The family-owned Suleman Group has secured stage one funding from ANZ to build Australia’s largest privately developed project, Union Quarter.
ABD Group has been chosen to build Union Quarter, which is located at 31-69 McLister Street in Spotswood and will see 350 residential apartments built over a two-hectare site.
The built to rent housing and village will house specialised accommodation under the National Disability Insurance Scheme and include a shopping precinct, medical and fitness centres and a neighbourhood activity centre.
ANZ will fund stage one of the Union Quarter with project development manager, Zoran Pavlovic making the comment that funding for stage two will be secured by 2021.
Designed by Doig Architects, it is expected that once completed in 2022, Union Quarter will be valued at $275m.
Suleman Group has had skin in the game for over twenty years and is also currently building the Clyde North Medical and Childcare Centre at 350 Berwick-Cranbourne Road.
ABD Group has extensive experience building residential apartment buildings in outer suburbs of Melbourne such as;
OROS+ containing 366 apartments in Oakleigh valued between $140-150m.
LINC apartments in Essendon comprising 96 apartments over 9 levels and valued between $26-36m, and Ramsay Gardens in Vermont South contains 102 apartments and valued between $36-46m.
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Image Source: Doig Architecture
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