Developer Coronation appoints Aras Labutis to shape project strategy
Sydney-based apartment developer Coronation Property has appointed the group’s current development manager Aras Labutis to the newly created role of director for Urban Transformation and Strategy, where he will oversee the direction of the developer’s strategic masterplanned precincts.
The company’s managing director, Joseph Nahas, said the newly created role would ensure the best strategies were in place for Coronation’s projects.
Its current list of developments include The Paper Mill in Liverpool, 8 Phillip Street in Parramatta and a recently acquired site on Church Street in Parramatta that will be its second high-rise mixed use development in the Parramatta CBD and another yet to be announced project in Harris Park.
Labutis was previously a director at leading planning firm Mecone and has worked on some of Sydney’s most complex urban renewal projects.
The role will see Labutis working closely with all levels of government to develop the best communities that the booming cities of Liverpool and Parramatta as well as the Georges River Growth Corridor will require into the future.
“I’m delighted with the appointment, for me it’s a privilege to be involved with a development company that is so committed to delivering on its vision for high-quality projects that include world-class collaborators, cutting edge design and beautiful residences,” Labutis said of his new role.
Nahas said Labutis was an easy choice for the position due to this outstanding knowledge of planning, his passion for the development industry and his experience across residential, commercial and mixed use projects.
“Liverpool – where we are developing The Paper Mill - was recently named the best value postcode in the country by financial consulting website Mozo, which crunched the numbers on every suburb in Australia for the best buys under $600,000 that are set to increase in value in the near future,” Nahas said.
“On the same token, affordability and good capital growth estimates are predicted for each of the strategic areas in which we are developing apartments, so we feel we are well positioned to offer buyers – both investors and first home buyers, the very best for their apartments.”
“Coronation’s commitment to urban renewal and the creation of masterplanned precincts of the highest quality is second to none, and I’ve no doubt that these communities will leave a lasting imprint on Greater Sydney,” Labutis said.
