$40 million luxury residential apartment building approved for East Terrace

Buyers will have a once in a generation opportunity to buy into the tightly held exclusive East Terrace precinct following approval for a luxury boutique residential apartment project being granted by the Development Assessment Commission (DAC).

200 East Terrace, currently a 1980s commercial office block, will be transformed into 36 exclusive apartments designed by leading South Australian architects Architects Ink.

The plans for 200 East Terrace have received support from the South Australian State Government Architect (Office for Design + Architecture) and the Department for Environment and Heritage.

This support was given as part of the South Australian government’s pre-lodgement agreement and follows a rigorous design development process by the developers in consultation with the Capital City Design Review Panel.

200 East Terrace will break new ground in Adelaide and is set to become the first catalyst site to be developed in the CBD, and will give more people an opportunity to live in this dress circle precinct.

Global Intertrade Group of Companies Managing Director Manuel Ortigosa said 200 East Terrace will set a new standard for apartment design in Adelaide.

“Unlike most city apartment developments 200 East Terrace has been designed for owner-occupiers at the prestigious end of the real estate market,” said Mr Ortigosa.

“The design comprises four low to mid-rise buildings developed around a lush landscaped quadrant and directly opposite the East Parklands.

“There will be two four storey buildings facing the parklands and two eight storey buildings at the rear with sweeping views across the city.

“Each building will have a generous setback from the boundary of the site to ensure a presence in keeping with the East Terrace streetscape and surrounding laneways.

“The $40 million landmark development will be a proud edition to existing properties and building styles in the East Terrace precinct, and bring a more permanent community into East Terrace which is largely dominated by commercial offices.

“Residents will enjoy an enviable lifestyle with 200 East Terraces proximity to the parklands, CBD, Riverbank precinct and Adelaide Oval and the cafes and restaurants on Hutt Street and in the East End.

“We expect strong interest from empty nesters seeking a stylish, low maintenance lifestyle as well as senior professionals working in the CBD.”

Over the next few months, Minuzzo Project Management will work on the final apartment configuration, floor plans and interior design of the apartments.

200 East Terrace will then be taken to the market in March 2015.

To receive exclusive updates on 200 East Terrace and be given the first chance to buy into this landmark development, register at www.200east.com.au

ISSUED BY HUGHES PUBLIC RELATIONS: Please contact Simon Hatcher on (08) 8412 4105 or 0417 780 071.

About Global Intertrade Group of Companies

The Global Intertrade Group of Companies consists of Global Intertrade, The Adelaide Review, Rip It Up Publishing and Terramoll Vineyards, with the Adelaide Review enjoying a reputation as South Australia’s leading niche publication.

The Group is one of the largest private landowners in the City of Adelaide with a long-term commitment to the State.