08.10.20

Strata Data Increases CBD Presence with Penny Place Appointment

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Flagship Property Holdings has appointed leading body corporate manager Strata Data to provide a combined building and strata management service at its $85 million Penny Place apartment development in Adelaide’s CBD.

It follows Strata Data’s appointment last year to manage Flagship’s neighbouring Kodo apartment development, which become the first in the state to be serviced full-time, on-site by a combined building and strata management service.

Traditionally, building management is provided separately to strata management, which can increase costs and red tape for residents.

Strata Data will work across both buildings, employing a dedicated team of professionals including an on-site building manager, cleaner and maintenance team.

Penny Place residents will also benefit from a 24-hour, 365 days a year emergency maintenance line, which will be backed by Strata Data’s extensive team of qualified tradespeople.

Mark Jarman, CEO of Flagship Property Holdings, said he was delighted that Penny Place residents would benefit from the high-level of service that Kodo residents had been enjoying since the building opened last year.

“We’re determined to ensure our quality of design and development at Penny Place is matched by the experience of being a resident following completion, which is why how the building is managed and maintained is so important,” said Mr Jarman.

“Residents will benefit from an around-the-clock service that combines both strata and building management services under the one roof.”

With a growing workforce of more than 70 staff Strata Data is the most awarded large body corporate management company in South Australia, winning the Strata Community Association award for Best Large Strata Management Business in SA in 2016, 2017 and 2018. 2019 saw the team at Strata Data win the Australasian award for Best Large Strata Management company, a first for any South Australian business.

Strata Data’s Marc Steen, Chief Operating Officer said the company was pleased to be expanding its relationship with Flagship Property Holdings into the management of Penny Place.

“Penny Place is set to become another iconic CBD building alongside Kodo to create a precinct that adds significantly to the vibrancy and vitality of the city,” said Marc.

“Our team looks forward to welcoming the new residents of Penny Place next year and assisting them move into their new homes. We also look forward to remaining on standby for any issues that may arise to ensure the building always remains in impeccable order.”

Construction of the $85 million Penny Place apartment development in Adelaide’s CBD will reach topping out stage this month. It comes just 10 months after construction started.

Featuring 152 apartments, the 24-storey Penny Place development will include a ground floor lobby, resident lounge and kitchen, space for a retail outlet, and a public plaza, as well as car parking for residents and a bike store.

Penny Place is on track to welcome its first residents early Q2 next year.

Flagship Property Holdings