Globe Holdings To Launch Waterfront Development

4 December 2006

Globe Holdings To Launch Waterfront Development On Evans Bay Parade

A $35 million purpose-built waterfront apartment development is about to go to market. To be built alongside Cog Park on the site of the former Patent Slip site at 326 Evans Bay Parade, the development will comprise 43 residential townhouses and apartments, and a ground-level café,

Patent 326, as the development will be known, has been designed by Roy Wilson from leading architectural practice Warren and Mahoney, and is being undertaken by award winning developer Globe Holdings.

Globe Holdings director Andrew Fawcet says, “Patent 326 uses clever design to take advantage of a significant Wellington site offering uninterrupted sea views and making the most of the northerly sun. Our objective is to capitalise upon the unique site through innovative design and the use of quality materials to provide a desirable waterfront environment, with expansive views. This will be our best development to date.”

Globe Holdings has obtained all necessary resource consents for the Patent 326 development and plans to begin construction in 2007. The apartments will be completed and ready for occupation in mid 2009.

Patent 326 will comprise three free-standing buildings; Semaphore, Helmsman and Navigator. Semaphore, the largest building, will have five levels with eight penthouse apartments; seven of which will have their own private roof top garden. The apartments and townhouses will range in price from $500,000 to $1.5m.

All the Semaphore apartments will have two bathrooms and either two bedrooms and a study or three bedrooms, some with studies. Seven single level Semaphore apartments on level four will each have a north-facing loggia for indoor-outdoor entertainment in addition to a balcony overlooking Evans Bay. The dual level apartments, on levels two and three, will have spacious balconies ranging between nine and 33 square metres. Semaphore apartments will range in size between 110 and 161 square metres, excluding balconies, roof-top gardens and loggias.

The apartments and townhouses in Navigator and Helmsman will all have two bedrooms, two bathrooms and a balcony. Most will be dual-level apartments and those on the ground floor will have their own courtyards. The Helmsman townhouses will have access to the newly developed Cog Park.

All Patent 326 apartments and townhouses will come with a secure carpark and the option of a second carpark with a car stacker. The Semaphore apartments have two carparks plus the option for an additional carpark with car stacker. A communal storage locker will also be provided for wind-surfers, kayaks, surf boards and other sports equipment.

Globe Holdings’ objective for Patent 326 is to make the most of the inner harbourside site with views over the road to the sea that will create a relaxed environment to suit a variety of lifestyles. The aim is to provide a similar level of quality waterfront living to that found in premium apartments located in Oriental Bay, but which is more accessible and less expensive.

In October, two of Globe Holdings’ recent developments, Summit Apartments and the Courtyard houses which form part of The Waterfront Seatoun development, were named as winners in the Wellington NZ Institute of Architects (NZIA) Resene Local Awards for Architecture 2006. The Summit apartment building on Molesworth Street also won the NZIA 2006 Resene Colour Award.

Globe Holdings has previously been recognised by a Year of the Built Environment Award for The Waterfront Seatoun, the NZIA 2003 Wellington Urban Design Award for The Waterfront Seatoun’s masterplan, and a NZIA Resene Local Award for Architecture for its Croxley Mills development on Frederick Street, Wellington.

The Patent 326 development will be marketed by leading Wellington real estate agency Re/Max Leaders in conjunction with Globe Holdings.

“Waterfront sites, especially those which are sheltered and close to the central city in Wellington, are becoming increasingly scarce as New Zealanders recognise the premium such property can command. We expect that this site’s expansive views, coupled with the innovative design and the quality of the materials we have specified for Patent 326, will result in considerable interest from potential owner-occupiers and business people who need a Wellington residence during the week,” Andrew Fawcet said.

ENDS

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