Pearson & Victoria Apartments, Brunswick Victoria
Pearson & Victoria in Brunswick, Victoria is a large inner city residential development completed successfully during the Global Financial Crisis. Typically of the projects TRG Properties seeks to undertake, it is ideally located for a new residential development being only 6kms from Melbourne CBD, adjacent to Clifton Park and facing north over Reaburn Reserve and Tennis Club. Gilpin Park and RMIT are a short walk from Pearson & Victoria.
This innovative architect designed development comprises of 145 apartments, 10 luxury townhouses (some with home offices) and a café. Pearson & Victoria has landscaped podium areas, secure parking for residents, contemporary interiors and is managed by a resident caretaker.
The sales and construction of the development commenced in early 2009 at a time when few other developers were able to successfully launch significant developments. The site had a number of specific construction challenges and was subjected to changed regulatory requirements after commencement. This project was completed in 2011 and was sold out, delivering quality residences to our customers and producing an aesthetically pleasing and well designed development replacing what had previously been an unutilized and unsightly inner Melbourne site.
Exceptionally, in early 2009 TRG Properties was able to obtain a $50 million debt facility from one of Australia’s big four banks for Pearson & Victoria and other projects it was undertaking in the aftermath of the GFC. Pearson & Victoria was very substantially pre-sold de-risking the project.