Status Complete
Value $340M
Timeframe 2013 – 2017
Owners Corporation – The Knight Alliance Owners Corporation Phone: +61 3 9509 3144
Owners Corporation Email: theknight@theknight.com.au
Eq. Tower
Eq. Tower was a categorical commercial success for ICD Property and JV partners Sino-Ocean Land. The sales rates achieved for these apartments took place in a record time period compared to any residential apartment project in Melbourne at the time with 80% of residences sold within two months and the balance achieved in eight months overall.
ICD Property also managed to secure a planning permit from the Minister’s office in the remarkable time of 165 days. As well as being our fastest selling project, Eq. Tower eloquently and powerfully communicates ICD’s overall vision: we seek to influence and improve state-of-the-art high-rise apartment developments in Melbourne’s CBD.
The biggest single bank development funding in Victoria at the time.
From this project, ICD Property was able to introduce Sino-Ocean Land to the many nuances of the Australian marketplace, and as one of China’s largest land developers, Sino-Ocean Land brought great experience and knowledge to the partnership. Since Eq. Tower’s completion ICD Property and Sino-Ocean Land have continued to enjoy a strong relationship.
The ground floor of architecturally acclaimed Eq. Tower also houses ICD’s first ever retail development – HWKR.
Awards
Finalist, 2019, Property Council of Australia Awards, Best Project Innovation
Finalist, 2018, Urban Development Institute of Australia Awards for Excellence, Best High-Density Development
Winner, 2017, Asia Pacific Property Awards, Best Residential High-Rise Development
Winner, 2017, Asia Pacific Property Awards, Best Residential High-Rise Architecture
633 apartments over 65 levels were sold in less than 240 days.
