Leading property developers, Asian Pacific Group are excited to announce the opening of the Peninsula on the Bay in Frankston this April 2013. The much profiled redevelopment of one of Victoria’s most iconic buildings will continue to drive the rejuvenation of the Frankston area, one of the country’s hotspots for property investors.
Will Deague, CEO, Asian Pacific Group Says;
“The Asian Pacific Group is very excited and proud to be opening The Peninsula on the Bay. We have owned the former Peninsula Centre since 2008 and in the last year have undertaken an extensive $28 million redevelopment and are proud to be opening the site to the public and helping to further rejuvenate the Frankston area.”
The luxuriously appointed 10 storey tower features 65 residential apartments, 86 serviced apartments (to be managed by Quest), a ground floor serviced office complex as well as two innovative retail outlets including a restaurant to be run by well-known Australian restaurateur Paul Mathis with other retail outlets to include Ella Bache and Laundry Day.
According to Residex, leading Australian property experts, the capital growth in house prices in Frankston over the past three years was 18.0% and growth in unit prices was 19.5% making it a stand out success in the Australian property market.
Only a 40 minute drive from Melbourne CBD, Frankston city’s bay-side location makes for an attractive investment opportunity with established transport infrastructure, education and health precincts. Once described by comedian Barry Humphries as the world’s ugliest building, APG has transformed the former Peninsula Centre into an impressive luxurious urban waterfront destination and a gateway to the beautiful Mornington Peninsula.
Recognising the economic growth and popularity of the region, APG has developed The Peninsula On The Bay to capitalise on the broad array of tourism opportunities as well as benefit the unique business community and lifestyle options in Frankston and is sure to generate further development in this coastal region of Victoria.
APG has been committed to property development and construction industry for over 150 years which is reflected in a portfolio of Melbourne based commercial offices and residential property projects and the wildly successful Art Series Hotel Group.
The launch of Peninsula on the Bay will take place this Saturday 2nd and Sunday 3rd March, with the property open for inspection from 10am until 2pm.
For all sales enquiries please call 03 9863 7300 or visit www.peninsulaonthebay.com.au.
Will Deague, CEO, Asian Pacific Group
