Completed Developments

6 Chapman Street, Cessnock

Value

$1.3m

Description

4 townhouses to Silver standard (2 disability-adaptable). Pacific Link as owner-developer, project managed based on designs from ADG Architects, for our pilot self-funded development.

Commenced

April 2015

Completion

January 2016

Background

In 2012, Pacific Link developed a plan to transition from Class Two to Class One (developer) registration status. This was achieved in mid-2013. Our plan was published by the Registrar of Community Housing as a best-practice case study of a well-planned approach to achieving developer status.

 Once registered as Tier One under NRSCH, in 2014 the Board approved commencement of a pilot project at Cessnock to test our developer credentials and build management expertise. The project was fully self-funded and managed in-house directly with a local building contractor. The four townhouses were successfully completed on schedule and within budget in February 2016.

 During the build, there were no disruption complaints, no health and safety incidents or near misses. The gardens have been designed with drought-tolerant indigenous plants and twelve new trees were planted to replace the trees that were originally on the site.

 Tenancy allocation was completed in February 2016

28 Chambers Place, woy woy 

 Value

$6.47M

Description

31 studio apartments to Silver standard (10 disability adaptable).

Commenced

October 2015

Completion

 May 2017

Background

In 2014 Evolve and Pacific Link established an unincorporated joint venture (EPD) to provide a solution for government, in response to a tender. EPD won a $7m FACS capital grant for construction of 82 studio apartment units on three sites in the Central Coast and Western Sydney.

With equity and debt financing the government grant has been leveraged by the JV to a total $17m investment.

 The Woy Woy site project is a four-storey 31-room development with communal areas, a 40m2 commercial space, management residence and offices, with on-site parking. 10 units are adaptable and the building is completed to Silver LHDG standard, and the design has been carried out with a firm view of liveable housing guidelines where possible given the apartments are studio units. Thought has been given to unit structure and open plan flow while providing as much privacy as possible with the given spaces.

 As much as possible effort was given to providing a comfortable living area with opportunities for social integration in the three common areas.

 The striking architecture has been used to give the tenants a sense of pride in their building with the hope for reduced maintenance through greater respect for a quality home.

 Tenancy allocation completed in June 2017.

6 walker cresent, raymond terrace  

 Value

 $0.6M 

Description

2 three-bedroom townhouses 

Commenced

September 2015 

Completion

 June 2016 

Background

In September 2015, a business case for an opportunity to purchase land and construct 2 three-bedroom townhouses was investigated and approved. Our business case process includes site due diligence, feasibility study, risk assessment, independent assessment of sale values and rental income streams. The project was fully self-financed and proceeds from sale of the dwellings in late 2016 were re-invested by PLH towards our mission and purpose of addiing to affordable housing supply.

Sold, and profits reinvested

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