Esplanade

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Karen Babilonia and Leonard Masacupan are kick-starting what they hope will be a substantial investment portfolio with their first apartment in Esplanade.
The couple have purchased a one-bedroom apartment at Esplanade on Norwest Lake – the area’s first fully integrated development that combines luxury living with a dining and retail precinct, boutique workspaces and a public boardwalk.
“Our hope is to become full time property investors – we’d love to own as many properties as possible,” says Karen. “Around 20 would be great but there’s no limit.”
“The drive to become investors came about after we read Rich Dad, Poor Dad by Robert Kiyosaki in April this year. It was a real eye opener about how our money could work for us. It all snowballed from there and we bought our first investment in June this year.”
Karen is an Executive Assistant while Leonard is a Business Development Manager and Esplanade is their first foray into real estate.
“We’re first home buyers,” Karen says. “We plan to live in this apartment for around two or three years before turning it into an investment property. This apartment is our entry into the property market.”
The couple chose to buy their first property off the plan to keep the process as simple as possible and to keep costs down.
“Because we’re first home buyers we really liked that there aren’t too many decisions to be made when you’re buying off the plan,” Karen says. “Everything was really easy and straight forward – we just had to pick a colour scheme. 
“We also wanted to keep our mortgage as small as possible and buying off the plan is a much cheaper alternative compared to buying an established house and land.
“I’ve always wanted to be a Bella Vista home owner but houses here are very expensive. We’d be looking at over $1 million. This was a much more affordable option.”
Catch more on their property investment journey <a href="https://youtu.be/eM0KYE4ibQ4" target="_blank">here</a>.
Visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
 
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Make your money work for you

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Buyers have snapped up all available commercial workspaces in the mixed-use development Esplanade, creating a local sales record for Norwest Business Park in the process.
Marketed by PRDnationwide Norwest for development manager Capital Corporation, the 36 boutique workspaces in Esplanade have been sold for between $6200/sqm and $7500/sqm – averaging $6900/sqm – well above Norwest’s average of commercial rates of typically between $4500/sqm to $5600/sqm.
Esplanade proposes a diverse mix of 247 apartments across two residential towers 18 storeys in height with a host of resident-only facilities, three levels of boutique workspaces, waterfront dining and retail areas set on a significantly upgraded public boardwalk along Norwest Lake and about 400 metres from the Norwest station under construction as part of the Sydney Metro Northwest line.
Commercial buyers at Esplanade have been a mix of local professionals such as accountants, real estate agents and doctors, as well as investors.
Capital Corporation Managing Director Steve Grant is considered a pioneer of the Norwest Business Park, having delivered a $700M portfolio of 45 projects in the area, and accommodated the workspace needs of more than 580 businesses, since 1990.
“We’re breaking sales records for Norwest only because Esplanade is offering businesses what they want: great location, integrated development with residential apartments and a dining precinct, as well as boutique workspaces,” he said. 
“Businesses and investors obviously see the future value of the Sydney Metro Northwest railway line and the transformation of Norwest from a business park into a vibrant urban hub which has been kick started by Esplanade that brings the live-work-recreation combination together so thoroughly.”
The creative and urban workspaces at Esplanade can be designed to include exposed ceilings, polished concrete floors and outdoor rooms suitable for meetings or social work gatherings. Other features include communal meeting rooms and breakout areas.
The integration of high quality residential and boutique workspaces – coupled with lifestyle-driven elements such as waterfront dining – not only gives Esplanade a life after hours, it also brings a village feel to the workday that suits the business environment in Norwest.
PRDnationwide Norwest Director David Inkster said the majority of buyers were from the local market that recognised that Esplanade’s workspaces were a unique offering in a premium building with services and amenities not yet available in Norwest.
“There’s a social element to doing business in Norwest when the most productive meetings are often over a coffee or meal, making Esplanade - with its casual and formal dining options - the ideal workplace setting,” he said. 
“And there really isn’t any other specifically-designed commercial workspaces in Norwest that come with a wintergarden overlooking the lake within a short walk to the station,” Mr Inkster said.
Visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
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Commercial suites smash sales record

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A new era of integrated living has dawned in Sydney’s north-west with the approval of the $280M Esplanade mixed-use development on Norwest Lake.
The Sydney West Joint Regional Planning Panel has signed off on plans for Esplanade which is Norwest’s first truly integrated development.
Esplanade consists of two 18-storey towers, which will include 247 apartments in a mix of one, two and three bedroom configurations; a range of private resident facilities like pool, gym, open-air cinema and lush landscaped gardens; as well as 6,000sqm of waterfront retail space and three levels of boutique commercial suites.
In a unique offering, Esplanade also includes four-bedroom penthouses called Sky Residences, which allow owners to upgrade to a low-maintenance lifestyle in a spacious home-like apartment.  The distinctive penthouses are expected to be released to the market in early 2017.
Development manager, Capital Corporation, credited with more than 45 projects in the successful Norwest Business Park, reports that all commercial suites and more than 60 percent of the apartments have already sold pre-DA, demonstrating a huge appetite for the convenience and lifestyle that comes with apartment living.
Capital Corporation Managing Director Steve Grant says the sales success of the commercial workspaces is testament to the continued belief in Norwest as a thriving business park which is now evolving into an exciting residential and urban precinct.
 “This approval from the JRPP is great news for the many people who have shown their confidence in what we’ve proposed by purchasing prior to approval. More than 85 percent of buyers are local to the area and keen to stay connected to the community they love but want the change of lifestyle that Esplanade offers,” he says.
 “We’ve had the chance to incorporate feedback from Council and the Norwest Business Association and we’re delighted with the outcome. We’re even more excited for the buyers who will be very pleased to see their new home progress,” he said.
Mr Grant said enquiry for apartments remained constant, with downsizers, families and investors all drawn to the ‘all-in-one vertical village’ concept and the array of resort-like facilities.
“Buyers are consistently telling us they’re excited about the lifestyle and the ‘high-end’ nature of Esplanade,” Mr Grant says.
“We know that projects like Esplanade help shape the face of the local area and how people live so this is an important example of how development companies can work collaboratively with planning authorities to ensure the needs of current and future residents are met and even exceeded.”
Prices started from $525,000 for a one-bedroom unit while two-bedroom apartments with parking started from $725,000. A range of premium lakefront apartments have recently been released, and the penthouse collection will come onto the market later this year.
Construction of Esplanade is expected to start in 2017.
For more information, call 1800 088 800 or visit the sales suite with a full-size two-bedroom display apartment at 11 Solent Circuit, Baulkham Hills, from noon to 3pm on Wednesdays to Sundays.
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The towers heralding a suburb’s new era

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Imagine walking through the front door of your brand new home: there’s spacious living areas, impressive views and no need to worry about mowing the lawn or cleaning the pool.
This is apartment living at its best.
Architect Nick Turner from award-winning firm Turner gives an insight into living at Esplanade on Norwest Lake where expansive apartments are complemented by resident-only amenities such as an infinity pool, gym, outdoor cinema, landscaped terraces as well as a waterfront retail and dining precinct on your doorstep.
What excites you most about the design of Esplanade?
A great deal of attention has been given to designing Esplanade so residents enjoy the best of both worlds – modern apartment living and the benefits that come with a low-maintenance lifestyle while literally being above vibrant restaurants and a waterfront public plaza.
We know that many people want to enjoy the benefits that come with waterfront dining and a bustling boardwalk but they also want to relax in peace in their brand new apartments. That’s why we’ve designed Esplanade so the apartments are separated from the active ground floor in elevated towers.
The apartments start on the fifth storey of Esplanade on the landscaped terrace and the towers are set back from the edges of this podium level to create a physical barrier to the activity and noise from the waterfront and public plaza below. Essentially, residents can take advantage of living in a vertical village that offers the convenience of living above retail and dining while still enjoying a relaxing and peaceful lifestyle in one of Esplanade’s sky towers. 
You’ve described Esplanade as a “vertical village”. Can you explain what you mean by that?
The all-in-one nature of Esplanade really is what helps define it as a vertical village. There is a diverse mix of apartments, a host of resident-only amenities, three levels of boutique workspaces, waterfront dining and retails areas as well as a public boardwalk: everything you need to make everyday life more convenient and enjoyable.
But I think a vertical village is about more than just the physical spaces. Esplanade has also been designed to help foster a sense of community among its residents. From the landscaped communal terrace and extensive barbecue areas, to the putting green, outdoor cinema, pool club and gym, these high-quality amenities all encourage socialisation and relaxation where neighbours can get to know each other in the vertical village.
Esplanade really allows for contemporary living where residential, retail, commercial and dining combine for better quality of life. 
Sydneysiders love outdoor living. How can Esplanade residents enjoy the Australian inside/outside lifestyle usually afforded by traditional homes?
Something quite unique about Esplanade is that each apartment has an extra-large balcony, forming a seamless transition to the outside from the internal living spaces.
We know that people in The Hills are proud of their area being known as the Garden Shire and they really enjoy the benefits of outdoor living: enjoying a glass of wine or a nice meal in the fresh air after a long day at work.
Even in the winter months, Sydneysiders don’t like to feel cooped up inside. That’s why we’ve designed the apartments to be quite spacious and wide – they are large in scale which helps promote excellent views and connections to the outside.
And don’t forget all the incredible outdoor amenities waiting for the residents on the podium level – the whole of Esplanade is their home and they can enjoy the facilities without worrying about the maintenance of traditional houses.
For more information visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
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Secrets of top apartment design

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The WA based property syndicate Primewest have listed the historic Esplanade Hotel in Fremantle.
CBRE have been appointed to steer the marketing campaign for the 46-54 Marine Terrace hotel (pictured above), which originally opened in 1897 as Fremantle’s first hotel.
Primewest are expecting to attract offers of about $110 million for the facility, according to a local paper, The Western Australian, a 20% increase on what they paid, $90 million, when they bought it from rich-lister Marylyn New in 2012.
Located on the corner of Marine Terrace and Essex Street, the building has been extensively refurbished and restored to create what is now regarded as "one of Perth’s premier accommodation and conference facility venues".
The offering contains 300 guestrooms, four food and beverage outlets and numerous conference facilities.
The property is situated over two sites and has total area in excess of 1.2ha.
Included in the sale is a 3,043 sqm site located at 7 Essex Street (pictured below), situated directly opposite the hotel, comprising 172 car bays, a 78sqm leased retail tenancy and 314sqm office.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/8/2/Fremantle%20Hotel%202.jpg" alt="">
Mr McGinnity commented “The opportunity to secure one of Perth’s largest hotels will ignite strong investor interest from local, interstate and international groups.
“With Fremantle being WA’s most visited tourism precinct after the Perth CBD, the sale of the Esplanade Hotel represents an outstanding opportunity to acquire a well-established operation,” Mr McGinnity added.
Mr Desange said significant investment in the Fremantle area - including a public and private development pipeline spend exceeding $1.3 billion – would have a "direct flow-on effect to the area’s tourism and retail industries".
Fremantle has not seen this level of development and investment since the America’s Cup over three decades ago.
Primewest’s founding Director, David Schwartz stated that they had invested significantly in this hotel to bring it up to modern standards.
Expressions of Interest close Thursday 6 September 2018.
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Primewest selling Esplanade Hotel in Fremantle

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A three bedroom penthouse in the Esplanade residential development on Norwest Lake in Sydney's Hills District sold for more than $3 million.
The previous sales record was $2.35 million, paid for a penthouse in the Northpoint Apartment building in October 2014.
The penthouses in the Esplanade have been dubbed vertical homes in the sky, with three-metre-high ceilings, wintergardens to enjoy the large balconies all year round and luxurious finishes.
The penthouse range is priced between $2,000,000 and $2,950,000.
Steve Grant, executive chairman, Capital Bluestone, said in the same week this record sales price was set, another three-bedroom apartment in Esplanade sold for $2.5 million.
“We’re seeing a real willingness from people in the Hills to make a lifestyle choice and opt for a low-maintenance, low-hassle way of living that comes with an apartment,” he said. 
“Over the past 30 years, we’ve built our reputation on providing high-quality developments in the Norwest area and I’m thrilled these buyers want to be a part of Esplanade and trust that we’ll deliver an enviable place to call home.
“Esplanade offers second-to-none features like an infinity pool and spa, an outdoor cinema, lush landscaped areas for socialising and relaxing, cabanas, barbecue areas and a gymnasium – so I think these buyers have recognised the rare opportunity to enjoy such a resort-like lifestyle in The Hills.
“There’s no denying there is a strong appetite for apartment living in Norwest and that’s reflected by these incredible results – people recognise a unique project and want to be at the forefront of Norwest’s transformation into a thriving urban hub.”
“The ground floor retail and dining precinct at Esplanade has been a huge drawcard as there is nothing easier than simply popping downstairs for a meal after a long day.
"We’re also finding that people are confident they’re making a good investment when they consider the Norwest Metro Station under construction is only 400 metres from Esplanade and the business park is undergoing an incredible transformation with a new shopping centre on the way.”
Two bedroom apartments available from $780,000 to $1,165,000 with three bedroom units ranging from $1,165,000 to $1,375,000. 
For more information, visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a>. 
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Esplanade penthouse sales smash The Hills record

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The $280 million mixed-use project Esplanade Norwest has not just received development approval, its planned commercial spaces have sold out in record time. 
The 36 workspaces have sold between $6200/sqm and $7500/sqm – averaging $6900/sqm, well above Norwest’s average of commercial rates of typically between $4500/sqm to $5600/sqm, according to a media release.
The pace of selling created a local sales record for Norwest Business Park in the process. The properties were marketed by PRDnationwide Norwest on behalf of development manager Capital Corporation.
Managing director of Capital Corporation, Steve Grant, said, “We’re breaking sales records for Norwest only because Esplanade is offering businesses what they want: great location, integrated development with residential apartments and a dining precinct, as well as boutique workspaces.” 
Commercial buyers at Esplanade include a mix of accountants, real estate agents and doctors along with investors.
“Businesses and investors obviously see the future value of the Sydney Metro Northwest railway line and the transformation of Norwest from a business park into a vibrant urban hub which has been kick started by Esplanade that brings the live-work-recreation combination together so thoroughly.”
Grant has delivered a $700 million portfolio of 45 projects in Norwest Business Park since 1990.
The Sydney West Joint Regional Planning Panel has signed off on plans for Esplanade, where two towers, 18 storeys each comprising 247 apartments, are planned. More than 60% of released apartments were sold prior to approval. 
PRDnationwide Norwest director David Inkster said there was a social element to doing business in Norwest, because “the most productive meetings are often over a coffee or meal, making Esplanade - with its casual and formal dining options - the ideal workplace setting”. 
“And there really isn’t any other specifically-designed commercial workspaces in Norwest that come with a wintergarden overlooking the lake within a short walk to the station,” Inkster said.
“There are some 20,000 people working in Norwest right now with projections that could grow to 35,000. More than 400 companies – some among the largest in the country – base themselves here and investors will see the obvious opportunity in locating attainable urban-style living within such a successful employment centre,” added Capital Corporation’s Steve Grant. 
The workspaces at Esplanade can be designed to include outdoor rooms suitable for meetings or social work gatherings. Other features include communal meeting rooms and breakout areas. 
Construction on Esplanade is expected to start in 2017 with completion targeted for 2019.
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