08.04.16

Preferred Contractor Announced for $100m Kodo Development

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250 new construction jobs to be created

Leading Australian construction company Watpac has been announced as the preferred contractor to build Flagship Property Holdings’ $100 million Kodo apartment development in Adelaide.

Construction on what will be Adelaide’s tallest residential apartment development is planned to commence mid-year and will create approximately 250 new jobs.

Steve Wise, Director of Flagship, said the developer is excited to again partner up with one of the country’s premier construction companies.

“To deliver a large residential project like Kodo, we know how important it is to assemble a delivery team in which purchasers can be confident,” said Mr Wise.

“In Watpac, we not only have a builder with a great track record for delivering landmark buildings across Australia, but we have a construction partner that we have worked with numerous times before who we know can deliver quality award-winning projects.

“Together with Watpac and Woods Bagot, we delivered the Sunday Apartments in Melbourne that won an Australian Interior Design Excellence Award, which is testimony to our combined ability to deliver on a promise.

“We are looking forward to joining forces again to create a fantastic new development for Adelaide.”

Watpac Managing Director Martin Monro says the Group is delighted with its appointment.

 “Kodo is going to be an iconic Adelaide building that will bring exciting architectural and lifestyle elements to life offering luxury residences in the heart of the city,” he said.

“The project is a significant addition to our national contracting workbook, not only because it will be a landmark project for Adelaide, but because it gives us another opportunity to work with such a high calibre development team in Flagship and Woods Bagot.”

Kodo is located on Angas Street near Victoria Square and the Central Markets, and will incorporate 208 apartments plus ground floor retail and commercial tenancies.

It has been designed by world-class architect Woods Bagot with a four-level podium from ground level, which will incorporate car parking, bicycle parks and residential apartments. On the top floor of the podium, an exclusive resident “sky garden” will be established with landscaped entertaining and recreation areas, as well as surrounding apartments with mezzanine floors and generous private terraces.

“We have designed Kodo for people who want to live or invest in an inner city location and embrace the full vibrancy of Adelaide, including its growing number of restaurants, bars and events,” said Mr Wise.

One, two and three bedroom apartments are available within Kodo, with prices starting from $336,500.

The Kodo Sales Office is located on-site at 29 Angas Street, and is open Monday to Saturday 12noon to 5pm or by appointment.

For more information visit www.kodoliving.com.au

Flagship Property Holdings