ABD Group

Harry Triguboff has noted that soaring building material prices posed a risk to other construction companies.

His comments come against the backdrop of Queensland’s Privium Group, the ABD Group in Melbourne and the Hobart home builder Inside Out Construction.

However Mr Triguboff declined to make a prediction on whether more builders would hit the wall, when he spoke yesterday at The Australian Financial Review Property Summit.

“The building costs are going up a lot,” he noted, adding "subcontractors cannot guarantee the price.”

He noted the soaring building costs were making it hard for developers to price apartment projects being sold now for completion in two years time.

Mr Triguboff's company Meriton builds its own projects.

“It’s not a matter of the labour force asking for a 5 per cent increase or 3 per cent increase. Iron ore prices have come down, but the steel has gone up. And it’s going up by a lot, not by 2 per cent – [but by] 10-20 per cent. It’s going up a great deal.”

The debt free Meriton ended the financial year with about $3.17bn worth of investment properties on its balance sheet plus $207m worth of vendor finance loans it has supplied to buyers of its apartments.

Dexus CEO Darren Steinberg and Lendlease CEO Tony Lombardo also raised concerns about rising costs of steel and timber at the summit.

A resumption of immigration and end to lockdowns was crucial, the property executives told the summit.

Harry Triguboff noted the soaring building costs were making it hard for developers to price apartment projects being sold now for completion in two years time

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Apartment building costs are on the rise: Meriton boss Harry Triguboff's warning

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City of Monash already boasts the biggest mixed-use development under construction outside of Melbourne's CBD in Clayton's M-City, and now another can be added to the list.

Oakleigh's OROS has been awarded to builder ABD Group, with site works already underway. Located across 807-811 Warrigal Road, OROS is developer Viapac Group's largest project to date and makes good on the initial development application which reached Council during 2016.

ABD Group is charged with delivering the development which has a construction value just shy of $130 million.

The 9,605 square metre site is set to accommodate three buildings with the tallest rising 14 levels. Hundreds of apartments are to be supplemented by 106 serviced apartments, split between 27 studio, 74 single bedroom and 5 double bedroom layouts.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image288.jpg" rel="gallery-all" title="Oros site works have commenced"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image288.jpg?itok=GsfPU07j" title="Oros site works have commenced" width="580"></a>

<figcaption>OROS site works have commenced</figcaption></figure>Various dining/retail spaces and a supermarket amount to in excess of 2,000 square metres of activated space at ground level. Prior to the build emerging above ground, basement works will be undertaken in order to create hundreds of new car parking spaces.

OROS will also include a bevvy of amenities for residents and visitors. A rooftop communal space and cinema, swimming pool and yoga studio are present, as is a communal vegetable patch and a high level of external greenery.

Rothelowman designed OROS's overall form with landscape architect duties falling to Rush Wright Associates.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image287.jpg" rel="gallery-all" title="Oros includes heavy greenery to communal spaces"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image287.jpg?itok=Ex0EjTY6" title="Oros includes heavy greenery to communal spaces" width="580"></a>

<figcaption>Oros includes heavy greenery to communal spaces</figcaption></figure>Viapac Group also has a number of other residential projects on the radar.

West Melbourne's Rosslyn Street will play host to <a href="https://www.urban.com.au/projects/townhaus-222-rosslyn-street-west-melbourne">Townhaus</a> which is the work of architecture firm Genton. The 37 high end townhouses will mirror what Viapac Group have in store for South Yarra's 72 River Street, which was offered for sale as a permitted development site during 2016.

At the time the project was billed as containing "22 high quality owner-occupier styled apartments" by selling agent CBRE, although Viapac Group has chosen to chase the ultra-luxury market with a reconfigured building. Now seven apartments are expected within the building which has a 400 square metre footprint; each apartment includes three bedrooms and three bathrooms.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image286.jpg" rel="gallery-all" title="South Yarra's River Street is another Viapac Group project"><img alt="" class="image-article-full-width-580px" height="376" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image286.jpg?itok=_4GurHWN" title="South Yarra's River Street is another Viapac Group project" width="580"></a>

<figcaption>South Yarra's River Street is another Viapac Group project</figcaption></figure>
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silvermb

Construction begins on Monash's second major mixed-use development

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Three new projects will appear across Melbourne under the guidance of builder ABD Group.

Among them is the firm's tallest build to date, whilst a further two projects will bolster ABD Group's already extensive credentials in the apartment sector. Combined the three secured acquired builds will add in excess of 500 apartments and serviced apartments to the builder's portfolio, just as ABD Group approached the finish line for a number of other builds under its guidance.

LINC Essendon has been awarded to the builder after a lengthy sales campaign. Revel Development Group is behind the project at 13-21 Russell Street, which is opposite Essendon Railway Station.

Expected is a 10 level, Plus Architecture-designed building above three levels of basement car parking. Retail will front Russell Street with 96 apartments to be added above, whilst a rooftop garden will crown the pending build.

ABD Group is nearing the end of another apartment project for Revel Development Group, namely Reflections which is one of the early projects to appear within North Melbourne's Arden-Macaulay precinct.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image5russell.jpg" rel="gallery-all" title="LINC Apartments is set to make its mark"><img alt="" class="image-article-full-width-580px" height="361" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5russell.jpg?itok=zgCLGCNo" title="LINC Apartments is set to make its mark" width="580"></a>

<figcaption>LINC Apartments is set to make its mark</figcaption></figure>Moray Street has also appeared as a new build on ABD Group's website. The substantial project will see another Fender Katsalidis tower realised on Southbank, after initially being submitted for approval during 2015.

Across 18-24 Moray Street, the build will see a new tower rise 38 levels above ground on a modest corner plot of 446sqm. The site was <a href="http://www.smh.com.au/business/property/southbank-notches-up-another-development-sale-20160909-grcz3a">reportedly</a> purchased by a Hong Kong-based developer for $8.8 million in 2016, at a per square metre rate of $20,000.

Initially approved with 124 apartments, ABD Group describes the project as containing 165 serviced and private apartments above a multi-level car stacker system. 18-24 Moray Street also includes a gym, terrace and option for a pool.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image6moray.jpg" rel="gallery-all" title="18-24 Moray Street is Southbank's next tower"><img alt="" class="image-article-full-width-580px" height="704" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image6moray.jpg?itok=rEfxRvFZ" title="18-24 Moray Street is Southbank's next tower" width="580"></a>

<figcaption>18-24 Moray Street is Southbank's next tower</figcaption></figure>Finally, ABD Group signage is now across a major build in its infancy in West Melbourne. The builder has been charged with the delivery of SPEC Property's latest development dubbed Flagstaff Green at 15-31 Batman Street, West Melbourne.

Flagstaff Green is in addition to ABD Group constructing Trilby which is the developer's other current pursuit consisting of 109 apartments at 466-482 Smith Street, Collingwood.

The West Melbourne project, on the other hand, will see 3 basement levels which will underpin 20 above ground levels, for a net result of 247 new apartments, two office tenancies and one new retail space. Flagstaff Green also includes communal amenities such as a pool, spa, gym and landscaped terrace plus courtyard in a project conceived by Inhabit Design.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_2229.jpg" rel="gallery-all" title="Works are underway on Flagstaff Green"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_2229.jpg?itok=5L0wLDOO" title="Works are underway on Flagstaff Green" width="580"></a>

<figcaption>Works are underway on Flagstaff Green</figcaption></figure>
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Builder ABD Group adds another 500 dwellings to its books

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Melbourne's west may not be the epicentre of commercial development, but a trickle of projects is casting a light on the areas potential for future commercial growth.

The recent announcement that Target Australia will move its national headquarters to Williams Landing serves to bolster the west's profile, whilst also providing developer Cedar Woods with a premium tenant for their masterplanned development.

Located opposite Williams Landing station, designed by Gray Puksand and with Hacer on board as builder, the new 8 level commercial development is chasing an A Grade rating from the Property Council of Australia. It's 3,000sqm floor plates will enable Target departments to be connected, encouraging interaction and collaboration between all areas of the company.

Gray Puksand also have the design reigns over the other noteworthy commercial project in this span of Melbourne, namely VicRoads' new Sunshine offices.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image129_1.jpg" rel="gallery-all" title="Target's new headquarters. Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image129_1.jpg?itok=ix_VbqY4" title="Target's new headquarters. Image: Gray Puksand" width="580"></a>

<figcaption>Target's new headquarters. Image: Gray Puksand</figcaption></figure>The Williams Landing project which falls within a Priority Development Zone as mandated by the Victorian Government, is set to attract 850 new employees to the area.

At the time of the announcement, Cedar Woods COO Nathan Blackburne outlined what the Target deal means to the west:

<blockquote>
Target’s move to Williams Landing signifies the increasing breadth and depth of economic activity occurring in Melbourne’s western growth corridor and reinforces Williams Landing’s appeal as an attractive and growing commercial centre. We anticipate Target’s move will stimulate interest from other leading businesses seeking to base themselves at Williams Landing.
</blockquote>

Valued at $37 million and spanning 12,600 square metres, the new 8 level slab on ground commercial building also includes 2 retail tenancies and parking for 466 vehicles. Robert Puksand, Founding Partner at Gray Puksand describes the splay of the building relative to its corner location:

<blockquote>
A lively façade design creates a pedestrian friendly backdrop to the external piazza created on the corner. A multi-coloured, dynamic façade design shrouds the building to create a landmark statement within the precinct.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image122_1.jpg" rel="gallery-all" title="Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image122_1.jpg?itok=tYlVVMaY" title="Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group" width="580"></a>

<figcaption>Sunshine's new VicRoads office is rapidly taking shape. Image: ABD Group</figcaption></figure>Form and colour are also on show in Sunshine as builder ABD Group pushes toward structural completion of the Withers Street development. The new VicRoads building spans 7 levels and includes ground level retail.

Both projects fall within identified nodes for future development and are in their own way vanguard projects for their respective areas.

Whilst the VicRoads projects falls within the greater Sunshine National Employment and Innovation Cluster, Target's new headquarters is within a Priority Development Zone adjacent to the East Werribee Employment Precinct which itself is expected to create another 58,000 jobs.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image223.jpg" rel="gallery-all" title="VicRoads is expanding i Sunshine. Image: Gray Puksand"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image223.jpg?itok=YBT4tLPh" title="VicRoads is expanding i Sunshine. Image: Gray Puksand" width="580"></a>

<figcaption>VicRoads is expanding in Sunshine. Image: Gray Puksand</figcaption></figure>
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