Forbes Residences. Source: Skyscrapercentre
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  • Mustera Property Group (MPX) has appointed PACT Construction to build its luxury Forbes Residences development in Applecross
  • Construction of the $89 million projects is expected to begin in the second half of this year
  • The appointment of a builder is a major milestone for the project and the company is pleased to have PACT on board
  • On the market this afternoon, Mustera closed up 3.57 per cent at 29 cents per share

Mustera Property Group (MPX) has appointed PACT Construction to build its luxury Forbes Residences development in Perth.

Construction of the $89 million projects is expected to begin in the second half of 2021.

Forbes Residences will be located in Applecross, one of Perth’s most exclusive riverside suburbs only 8 kilometres south of the CBD.

The appointment of a builder is a major milestone for the project and the company is pleased to have PACT on board.

PACT has a proven track record of delivering high-quality projects and has successfully built numerous residential projects in Perth.

“The appointment of PACT follows an extensive tender process, and we are
looking forward to our vision for Forbes Residences, an exclusive, luxurious
and boutique apartment offering, becoming a reality”, Mustera’s Executive Director Nick Zborowski said.

“This is an exciting time for the people who have already purchased apartments at Forbes Residences as well as members of the local community who will enjoy the community centre, co-working options, community gardens and further food and beverage options.”

Notably, the company has already received $32 million in sales, despite starting marketing only around 12 weeks ago.

The design and quality of Forbes Residences has clearly been reflected in the level of buyer interest and activity,” Mr Zborowski said.

On the market this afternoon, Mustera closed up 3.57 per cent at 29 cents per share.

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