Sensational-Adelaide.com

gnrc_louis wrote: ↑

Fri Oct 06, 2023 6:20 pm

Are these pictures accurate: https://www.minuzzo.com.au/project/view/53

Could someone also post this one please: https://www.adelaidenow.com.au/subscrib ... our=append

200 East Tce luxury apartment development under way in Adelaide’s east end
Could this become Adelaide’s most expensive apartment on record? See inside the $9.6m offering under construction near the east parklands.

Giuseppe Tauriello
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@gtauriello
October 6, 2023 - 2:43PM
The Australian Business Network

Construction has started on a luxury $130m apartment development along Adelaide’s east parklands, featuring a $9.6m penthouse priced to set a new record in the city.

Spanning the entire top floor of the eight-storey building, the four-bedroom penthouse features 492sq m of living space with six car parks, private wine fridge and an expansive private terrace that wraps around to offer 360 degree views.

Developer Garry Minuzzo said the penthouse had already generated interest from local and interstate buyers before a formal release to a VIP database in the coming weeks.

At $9.6m, the penthouse would smash the current record price for an Adelaide apartment, which was set in 2020 when one of two penthouses in the Realm tower on Austin St sold for $5.29m.

The penthouse offers 360 degree views of Adelaide.

However developers of the $400m Market Square development are also looking to break the current record with a $10m penthouse listed for sale in 2021. A buyer is yet to be found for the 935sq m residence, which will occupy the top floor of a 37-storey tower currently being built on the Adelaide Central Market Arcade site.

Mr Minuzzo’s Minuzzo Project Management has joined forces with international investment group Global Intertrade on the development at 200 East Tce, which is designed by Adelaide-based architecture firm Aplin Cook Gardner Architects.

It features 33 luxury apartments across eight levels, with residents to have exclusive access to a wine room and private lounge area, as well as a luxurious BBQ and entertaining space.

Global Intertrade is backed by Spanish media mogul Javier Moll, and controls a significant portfolio of commercial property across Adelaide and vineyards in the Barossa Valley.

It previously partnered with Minuzzo – a local family-owned construction firm – on a $32m luxury apartment project on East Tce, just 100 metres south of their latest project. That was completed in 2020.

Global Intertrade managing director Manuel Ortigosa, a local resident of Adelaide’s east end, said that after 27 years of ownership of the site at 200 East Tce, it was the right time to deliver more luxury apartments into the Adelaide market.