Monday, September 17th, 2012
Construction has now commenced at Subiaco’s newest boutique apartment development, North One. Comprising part of the former one hectare TAFE site on the corner of Station Street and Salvado Road, it is being backed by ISPT and Otan Property Funds Management

This development will see the North One project complete the jigsaw that forms Centro North, located just 200m north of Subiaco train station and nestled between St John of God Hospital and Subiaco Square.

Mr Sean Hogan, Development Manager for ISPT, said ISPT’s Development and Opportunities Funds were established to achieve opportunistic returns from investment in property development activities and the partnership with Otan reflected their confidence in the Western Australian market.

“Perth is an area we have been looking at for a while and this opportunity in Subiaco is well placed for our fund. We continue to see good growth prospects in Western Australia and Perth in particular,” Mr Hogan said.

Managing Director for Otan, Mr Mark Butler said east-coast based superannuation property fund managers were now recognising WA’s long term growth potential and his company had recorded an increase in interest in the last 12 months amongst superannuation investment groups.

“Perth has been on the radar of east-coast investment funds for a while now, but the lift in Western Australia has really seen this increase in recent months as the mining boom continues,” he said.

Well positioned between St John of God Hospital and Subiaco Square, North One has been designed by Sydney architectural firm Smart Design Studio, in conjunction with local architects Hassell. North One comprises 88 apartments and 17 commercial/retail tenancies.

The development features innovative design elements, including inner landscaped courtyards, a gym, a resident’s lounge, open air cinema and a unique open-air rooftop dining area featuring a master chef-style kitchen, known as ‘The Loggia’.

“The development has been extremely popular with both owner occupiers and investors,” Mr Butler said.

Contact Profile


Otan Property Funds Management Ltd was established to make the most of a unique opportunity in the West Australian property industry. Otan has a retail AFSL licence and provides investors with the ability to participate in property investment opportunities mainly in Perth and Western Australia.

These are residential developments of apartments, infill site and broad acre subdivisions; and commercial opportunities of a passive nature which are based upon opportunistic acquisitions.
Lorelei Campbell, Soapbox PR
P: 08 9279 5226


North One, Subiaco, Otan, Property Development



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