Lend Lease sells over 100 apartments in Convesso Concavo Docklands development in a month

Lend Lease sells over 100 apartments in Convesso Concavo Docklands development in a month
Lend Lease sells over 100 apartments in Convesso Concavo Docklands development in a month

Developer Lend Lease has sold more than 100 units in its flagship Docklands project Convesso Concavo about a month after the launch of the second stage of the project.

The development will comprise 455 apartments across two towers, with 220 one-, two- and three-bedroom units in Convesso and 235 in Concavo.

Lend Lease has sold about 100 units – including a 330-square-metre marina house for $5 million. The vast majority of the recent sales were in Concavo, which launched in late October. Convesso launched about a year ago.

Prices start from $465,000 for a one-bedroom apartment to more than $5 million for the three-bedroom penthouses in Convesso. In Concavo, prices range from $495,000 to more than $3 million. The average price for the recent sales is over $1 million.

The development has been designed by architectural firm Bates Smart, and its curved, glass-filled exterior is meant to be “an expression of the reflections of light on the water that lies before them,” according to the marketing brochure.

It is expected to achieve a seven-star NABERS rating and is billed as "Australia's most sustainable luxury residential towers".

“Despite the sustainability credentials, Convesso apartments are not necessarily more expensive than similar apartments in the Docklands, they are still market competitive,” says architect Kevin Masci of Bates Smart.

“At the moment buyers embrace green-star features, providing it’s at a reasonable cost, but in time green-star residential buildings will be recognised as the new state-of-the-art.”

The Convesso Concavo development will also include 25 retail spaces.

The buildings will include amenities such as 24-hour concierge, a 25-metre lap pool, gymnasium, spa, sauna, deck areas with barbecues, residents’ lounge, cinema and business centre.

Convesso is already under construction, with an expected completion date in mid-2012. Construction will begin on Concavo in early 2012 and is expected to be completed in mid-2014.

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