SP Setia top out UNO Melbourne apartment tower
Melbourne’s new golden residential tower, UNO Melbourne, has reached its 65th and final level.
Standing 210 meters tall at 119 A'Beckett Street, between Flagstaff Gardens and Carlton Gardens, UNO Melbourne is being developed by SP Setia, who had renowned architect Elenberg Fraser design the project. The most striking feature is the floor-to-ceiling shimmering golden glass facade.
Around 88 per cent of the 635 apartments have been sold in the building, with the first stage of settlements taking place in December 2022.
Brett Griffith, Director at Colliers Residential Victoria, said the UNO Melbourne apartments have been in high demand, with sales predominantly secured by foreigners, located both overseas and those already settled in Melbourne, looking to either invest or occupy themselves.
"The pool of international buyers abruptly haltered when the pandemic hit the world, but in the past months, we have seen the confidence of international buyers return close to pre-pandemic levels who see the value of the property market in Australia," Griffith says.
"With Melbourne having been named Australia’s best destination for international students and rated as one of the leading destinations for learning and higher education in the world, UNO is likely to attract many students being located within walking distance to the University of Melbourne and RMIT University."
SP Setia have a track record of delivering projects in Melbourne, having recently completed construction of their Sapphire By The Gardens in the north eastern part of the CBD.
SP Setia Melbourne Director See Hunt Soon says there's currently a scarcity of high-quality apartments in central CBD locations, with UNO Melbourne being one of the last opportunities to secure an apartment on a desirable CBD address.
‘With rising construction costs, we see UNO Melbourne as an excellent opportunity for buyers to purchase and invest into a quality brand new apartment at pre-pandemic construction pricing,’” Soon said.
Future residents of UNO will be able to enjoy a range of services and amenities, including a welcoming lobby, concierge and retail stores on ground-floor, a private dining area with teppanyaki facilities, a resident’s lounge, breakout rooms and media room on level one.
Wellness facilities on level nine include a yoga studio, gymnasium, outdoor entertainment and BBQ area, steam room, spa and swimming pool.
“UNO’s prime location and high-end lifestyle offering with a range of hotel-style amenities and services available to residents, have been particular drawcards for internationals who are also seeing an opportunity to invest in Melbourne’s property market as rents are anticipated to continue to increase during 2023,” Griffith added.
Roberts Co are handling construction of the tower, having taken over the build in April 2022.
One, two and three bedrooms are currently available, starting from $6440,000. September 2023 is the target settlement date for stage two of the project.
