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Olympus Updates

Project Summary

This iconic home will transform one of Brisbane’s most coveted real estate locations into a multi level, multi million dollar home. Perched high above the cityscape on one of Brisbane’s most exclusive street addresses (Toorak Road, Hamilton), this development will deliver high end living with city and harbour views to die for.

Project Updates

June 26th, 2020
Despite the many hurdles experienced during the Covid crisis, we’ve successfully engaged a suitable lender for Olympus and are currently finalising the application for the required construction funding to commence the next stage of this project.

May 26th, 2020

As updated earlier last month, we are still working on finalizing the construction finance. Changes to lending criteria in the wake of COVID-19 are presenting some unforeseen challenges. We are exploring every avenue to find a suitable lender as quickly as possible.

April 22nd, 2020

We are still working on finalizing the construction finance. Changes to lending criteria in the wake of COVID-19 are presenting some unforeseen challenges. As such, the estimated completion date has been revised. We are doing our best to find a suitable lender as quickly as possible.

March 27th, 2020

We are working to finalize the construction finance for this project.

February 26th, 2020

We are working to finalize the construction finance for this project.

January 28th, 2020

There are a few permits related to construction which the builder is currently in the process of obtaining. Once we have them, construction will commence immediately. As the site is currently vacant, demolition is not required.

December 20th, 2019

We are working to finalize the construction finance for this project.  Expected to be completed by next month.

November 25th, 2019

As mentioned in last month’s update, the builder Innovare has begun the process to get some small construction permits that can only be obtained by the builder. This is still in progress, as we are waiting for these approvals to come through.

Once we have them, construction can commence immediately.  As the site is currently vacant, demolition is not required.

September 24th, 2019

We have chosen a builder for this project: Innovare. Innovare have an excellent reputation in the Hamilton region for building luxury homes and we’re excited to be partnering with them for this project.

We are working with them to get the construction contract signed and get the building permit issued accordingly. Building permits can only be issued once the contract has been signed with the builder as the permit is issued in the builder’s name.

Innovare will begin mobilisation shortly and a part of this stage is getting some small construction permits that can only be obtained by the builder, such as a pre-start meeting and Construction Management Plan.

August 23rd, 2019

We are in the final stages of negotiating with our preferred builder. Once these negotiations are complete, we will nominate them to build this project and complete the Tender process.

We are also working on the construction funding and have received several offers. Now awaiting the valuation by the end of next week to progress the funding approval process.

July 19th, 2019

We have received tender offers from several potential builders and are now reviewing the prices. We aim to finalise the price with the selected builder by the end of the month.

June 19th, 2019

Tender has begun. We are expecting quotes from builders back within the next month with the building contract to be signed the month after.

May 21st, 2019

Drawings for the Building Application have been completed. These drawings have been forwarded to several builders as part of the construction tender process. Based on the tenders we receive back from the potential builders, we will select a builder for this project and finalise a Building Contract.

April 18th, 2019

We received Development Approval from Council on the 2nd of April. Building Application drawings have started and are expected to be ready in the middle of next month, immediately after this  , we will start negotiating with the builders to get the best competitive offer to build the project and sign the build contract. Works expected to start on July 2019.

March 20th, 2019

We have responded to the Council’s Request for Further Information (RFI) by re-submitting plans to incorporate their feedback. Expecting approval  from Council at the end of this week.

We are in preliminary discussions with a high-profile realtor who specialises in the sale of luxury homes to assist with the sale of this home.

February 20th, 2019

We received a RFI (request for further information) from Council. An RFI means that the Council has taken a look at the proposed plans and have some questions before they make a decision. It’s a standard part of the process and signifies that the plans are progressing through the Council.

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