Brookfield's Portside Wharf secures $83 million in 2013 sales
Brookfield’s Portside Wharf development in Hamilton is proving to be a success with $83 million in sales – 130 apartments – secured since January.
The secured sales were in the completed Promenade building and the latest two releases Pinnacle and Link.
"Promenade was completed in late 2012 so purchasers have taken advantage of the completed building and the fact they can move into their new Portside Wharf home without any delay," says Portside Wharf project director Lee Butterworth.
"The release of the Pinnacle building in April, and the Link building some months later, enticed new and incremental market segments into the precinct and in some cases market segments we have not seen buy at Portside before,” says Butterworth.
Promenade features 172 one-, two- and three-bedroom apartments across 15 levels and Pinnacle features 168 one-, two- and three-bedroom apartments, terrace homes and penthouses across 16 levels.
The four-level Link building features 31 one-bedroom apartments.
The final apartments at Promenade are priced from $515,000, Pinnacle apartments start from $435,000, while the remaining apartments at Link are selling from just $395,000.
"As the only absolute riverfront building at Portside Wharf, Pinnacle appeals to those wanting a premium location, spacious apartments and the fittings and finishes to match, while Link has a selection of quality one bedroom apartments, in a great location, but at a more entry level price point.
"Across all market segments, we are seeing increasing confidence in the property market, which is also helping to drive sales,” says Butterworth.
Three-bedroom apartments in the Pinnacle release were in such high demand, a waiting list resulted in Brookfield releasing its final three-bedroom stock ahead of scheduled.
Portside Wharf residents will have access to restaurants, cafes, fashion boutiques, a Dendy Cinema, Jetts Fitness and an IGA Supermarket.
