Construction Commences on Docklands’ First Five-Star Hotel
Hamilton Marino has commenced construction on M Docklands at 677 La Trobe Street, Docklands – located on the concourse of Etihad Stadium Gate 7. Due to be completed in January 2016, the 19-level high rise hotel and residential tower will house a five-star hotel from Levels 2 to 5 and 186 residential apartments on the remaining floors.
Australia’s leading accommodation provider, Mantra Group, will be managing the hotel component under the Group’s luxury Peppers brand.
Peppers Docklands Hotel Melbourne will feature 87 guest suites accompanied by an on-site restaurant, pool, gym and dedicated lobby with 24-hour reception and full-service concierge – amenities that will also be available for residents to enjoy. It will be the first Peppers property in Melbourne and will join other metropolitan-based Peppers properties in the network in Launceston, Broadbeach and most recently, Canberra.
Developed by Capital Alliance and designed by award-winning architects Elenberg Fraser, M Docklands is Docklands’ fastest selling residential development that went from sales to construction in 9 months. The apartments were priced from $355,000 for a typical one-bedroom apartment, $494,500 for a typical two-bedroom apartment with car park to $2,350,000 for a top-floor customised penthouse.
Mohan Du of Capital Alliance said, “We have seen renewed consumer confidence in the property market, especially in the Docklands precinct. It was simply unaffordable to buy a property in Docklands; however since our now successful launch we’ve definitely seen a shift in the overall pricing structure of prime real estate simply by looking at what’s happening in the precinct, it is obvious that Docklands will become the future economic and lifestyle hub of Melbourne.”
Mantra Group’s Director of Development & Acquisitions, Michael Moret-Lalli said this was an exciting project for the Peppers brand and part of a strategic focus to grow its CBD network.
“Demand for rooms in Melbourne is forecast to outstrip supply over the next three years and the Docklands precinct has opened up as an exciting development opportunity and the ideal fit for the Peppers brand to enter the Melbourne market,” he said.
Peppers has four regional boutique retreats and resorts in Victoria in Daylesford, Dinner Plain near Mt Hotham, Torquay and the Mornington Peninsula. There are also seven Mantra apartment hotels in Melbourne CBD.
Project marketer Castran Gilbert reports that the development is now almost sold-out, with only 15 out of 186 apartments left for sale. The building’s commercial and retail units were also quickly snapped up before the official public campaign commenced.
About Capital Alliance
Capital Alliance is a specialised real estate developer with strong international and local recognition by being involved in and delivering landmark mixed use and high-rise projects. The team at Capital Alliance is formed through an alliance of specialised experts in planning, design, sales and marketing, project delivery and financial management.
The vision moving forward at Capital Alliance is to endeavour in the creation of remarkable iconic developments in Melbourne; through capturing the imagination of residents, investors and the community. Capital Alliance believes in paving the way for our future through strategic partnerships and joint ventures to further our contribution to the already exquisite Melbourne skyline.
About Peppers Retreats, Resorts & Hotels
Peppers is Mantra Group’s luxury level brand of accommodation and celebrates 30 years of operation in 2014. There are 30 Peppers Retreats, Resorts and Hotels in Australia and New Zealand in gateway cities, regional locations and resort destinations.. All offer a level of boutique style and quality to meet the expectations of the most discerning traveler: www.peppers.com.au
About Mantra Group
Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia - with its first Peppers Resort opening in Seminyak, Bali in February 2014. The Group owns and operates three well-known and trusted brands – Peppers, Mantra and BreakFree. With over 114 properties and 15,000 rooms under management, Mantra Group is the second largest accommodation operator within Australia. The Group is positioned to offer both leisure and business style accommodation ranging from full service city hotels and self-contained apartments to luxury resorts and retreats: www.mantragroup.com.au; www.peppers.com.au; www.mantra.com.au; www.breakfree.com.au
About Castran Gilbert
Founded upon extraordinary vision more than 30 years ago, Castran Gilbert has made its mark as one of Melbourne’s most powerful real estate brands. The agency has established an enviable track record encompassing all aspects of the business – from established residential and large-scale project marketing, to auctioneering and property management. www.castrangilbert.com.au