Construction at the Cutting Edge

FKP Ltd

Starting off as a Queensland-based property developer and construction company decades ago, FKP Ltd has steadily evolved into one of Australia’s premier property and investment groups. With a combined staff of over 1,500, the business has expanded and diversified over the years, and today focuses on a range of property development and construction (including refurbishment), various investment sectors, an impressive portfolio of residential communities and commercial and industrial projects, funds management, and retirement village ownership and management.

Initially formed from Peter Kurts Properties and Forrester Parker Group, the company was incorporated in 1987, listed on the Australian Securities Exchange (ASX) in 1993, and soon held a notable position in the ASX Top 200. Over the years, FKP has made a number of prominent investments, purchasing retirement homes in Tasmania and acquiring a portfolio of other retirement homes in the late nineties. Today, the retirement business is the largest division of FKP, which owns or operates some 80 villages across Australia under the Aveo Live Well brand (www.aveolivewell.com.au), and the company is looking to develop even more.

“We are probably the largest retirement business in Australia, and the company is trying to grow its retirement construction sector,” says Neil Denton, Operations NSW (Construction). FKP takes on construction projects in Queensland, New South Wales, and Victoria. The size, capabilities, and experience of staff at FKP sees the company regularly taking on major development projects both within the company, and outside. “The construction business model should be about 70 per cent internal work, and 30 per cent external work,” says Neil. “Our primary client is our internal development line, retirement division and our fund management division.”

At FKP, the group’s strengths, experience and successful track record enable the company to take on large-scale projects all the way from inception to handover. Often working in the $10 million to $120 million range, FKP’s sheer size and strength – which includes staff in construction, development management, project management, compliance management, retirement areas, fund management, human resources, legal and many other divisions – allows for successful projects of all kinds. Prior to taking on new ventures, the company will conduct a feasibility analysis and due diligence research to determine if it is a project that suits FKP and its image. “It’s a bit of a branding philosophy,” explains Neil.

LUXE Domain Sydney (Woolloomooloo)

FKP is gaining accolades across Australia for the LUXE Domain Sydney project. Located in Woolloomooloo, the Millennium Moderne multi-residential apartment buildings project will comprise 77 apartments with an average price of $1.5 million. With a display suite at 88 Cathedral Street, Woolloomooloo, the expansive project – scheduled for completion in mid-2013 – is remarkable not only for its smart design sensibilities, but for the technical and logistical challenges that had to be overcome by FKP in order to successfully proceed with the project.

The site, situated between Sir John Young Crescent and Crown Street, was for many years the home of the Sydney Eye Hospital. Demolished well over a decade ago, the site went through about half a dozen developers and sat idle for many years before FKP came onboard to develop the land into twin, seven-storey apartment blocks. “We have overcome a lot of the design issues and constraints, and it is under construction,” says Neil. The challenges on this project have been anything but minor. Muddy soil conditions, heritage buildings on either side, and a tunnel nearby made other developers turn away from the site, but not FKP, who came up with unique solutions such as positioning the structure on stilts for support and digging down below the water table whilst building up at the same time to create three basement levels and parking spaces for 87 cars. “From a construction point of view, we tendered that job, and resolved a lot of the issues.”

For buyers, the benefits of LUXE living will be tremendous. Situated in peaceful Woolloomooloo, the luxury apartments are nearby Potts Point, Finger Bay Wharf restaurants, the Domain parklands and the Cook and Phillip Park Aquatic Centre, and only a brief 10-minute walk from the Pitt Street Mall, close to cafés, fine restaurants, bars, galleries, and Sydney’s bustling CBD. Offering tremendous city views, LUXE apartments are spacious, with three bedroom units priced from $1,395,000, which includes two car spaces plus storage.

Apartment units are designed to maximise natural light and space. Generous living areas allow plenty of room for entertaining, while fluid interiors spill out to 24 square metres of outdoor space, offering additional options for gatherings with friends and family. Kitchens are outfitted with high-quality Miele appliances, and designed with the gourmet in mind.

Along with the Luxe, FKP is currently working on a number of other significant projects, which include the Gasworks development at Newstead in Brisbane, Peregian Springs on the Sunshine Coast, and the Norwest Business Park in north western Sydney – a joint venture between FKP and Mulpha Australia – and another joint venture at Port Bouvard, in Western Australia.

465 Victoria Avenue, Chatswood

For FKP, the company thrives on creating projects all the way from development to handover. “We prefer to get involved in the project as early as possible to maximise the benefit of having a builder on the team and come up with some smart construction techniques, and to ensure there are no issues in the design,” comments Neil. One prime example is 465 Victoria Avenue, a commercial/retail destination at Chatswood. By getting on board with the project in the beginning stages, the company was able to present different options, work on budgets, and contribute a value engineering point of view.

Designed to achieve a 5-Star NABERS rating and registered for a 4 Star Green Star rating, 465 Victoria Avenue will become Chatswood’s most dynamic new retail and commercial destination. Clients can choose from seven prime retail shops ranging in size from 61 to 255 square metres, with al fresco dining and a unique, north-facing aspect, ideally suited for food and beverage retailers such as cafés, deli-cafés, and restaurants. The large ground floor of the building, totalling 2,367 square metres, will become a popular and inviting meeting place, accessible to foot traffic and a strong customer base. Along with a lobby lounge café, the structure features a double-height restaurant on the northern side, and a signature rotunda restaurant offering an impressive high profile opportunity. Near to public transit, 465 Victoria Avenue offers 14,400 square metres of freshly renovated office space over 15 contiguous floors. Green energy ratings makes the address one of the most environmentally friendly of its kind in the area, and its sustainable design initiatives aim to improve worker comfort, creating a highly attractive environment whilst helping to reduce operational costs.

Diversified Interests

As a leading Australian property and investment group, much of FKP’s strength in the industry comes from its diversification, integration, and steadily growing a comprehensive property portfolio that capitalises on the company’s years of proven expertise in development, construction, land subdivision, retirement village ownership and management, property investment, and asset management. With an impressive portfolio, FKP not only helps hundreds of thousands of individuals and businesses in Australia with residential, commercial, industrial, mixed-use and retirement projects; the company’s creations also make everyday living and working easier and more fulfilling.

Masterplanned communities, a portfolio of apartments, experience in commercial and industrial projects, and construction experience across a variety of sectors are just a few reasons why FKP Ltd remains far ahead of the competition.

Home Automation

Call it ‘domotics,’ and you are likely to receive a blank stare, but refer to it as ‘smart home’ or ‘home automation,’ and you will get a nod of acknowledgement. For the past few years, consumers have heard the word ‘smart’ attached to countless products and services, from food and drink to snacks like popcorn and mobile phones, which no one seems to refer to as a ‘cellphone’ anymore. Yet what, exactly, constitutes ‘smart’?

October 22, 2018, 11:05 PM AEDT