C O M PA N Y P R O F I L E 2 0 1 8
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Who we are
What we do
Meet our team
Version 2: April 2018
WHO WE ARE
Where exceptional is the norm Geocon is a powerhouse property development, construction, sales and hotel management company. As one of the only fully integrated development and construction businesses in Canberra we can increase efficiencies to deliver a higher level of sophistication in the affordable sector. Our strategic objective is to become the developer of choice in Canberra for owner-occupiers and investors by remaining competitive on price, inclusions, sustainability, client service and project execution. Our in-house sales, conveyancing and customer care teams provide a personalised buyer experience, guiding our clients through all stages of the development, sales, leasing and settlement process. Equally as important as our portfolio of apartments, commercial spaces and hotels is our substantial land holding,
which ensures an ongoing pipeline of projects and allows us to quickly adapt to market demand. We continue to seek new opportunities that align with our objectives. A core function of Geocon’s business is our Abode Hotels division, which includes apartment-style properties in Gungahlin, Woden, Tuggeranong, Narrabundah and Murrumbateman, with new hotels in the pipeline for the city, Belconnen and Kingston. A cutting-edge five-star hotel brand will soon be launched under the Abode Group umbrella, further expanding the group’s portfolio of restaurants, cafes, bars and conferencing facilities. Geocon has come a long way since its inception in 2007. Our hallmark is architecturally stunning buildings that deliver a new standard of contemporary living, and we work in partnership with leading architects and landscape designers to achieve our goals. Beyond what’s expected when buying off-the-plan, we offer luxury inclusions such as sleek high-end appliances,
modern interior design, and sustainable features including double glazing and clever use of solar access. Luxury amenities such as pools, gyms and community spaces are now standard in our buildings. We raise the bar with each new project and have shifted our attention from simply building apartments to creating communities through the delivery of dynamic precincts. This aligns with our vision of building vibrant town centres, and strategically merges our residential and hotel divisions – again showcasing our successful integrated business model. With a significant number of gamechanging projects in the pipeline, we are as excited about Geocon’s future as we are about the major role we are playing in redefining the future of Australia’s most exciting capital city.
â€œOur hallmark is architecturally stunning buildings that deliver a new standard of contemporary living.â€? Nick Georgalis Geocon Managing Director
WHAT WE DO
The advantage of being a fully integrated business with diverse capabilities is that we can get the job done more efficiently. Our unique business model comprises five key capabilities â€“ development, construction, sales, hotels and investments.
• $400 million annual turnover • High-rise specialists • Mixed-use precincts • Canberra’s pre-eminent apartment developer • 35% share of the local apartment market • Delivering 1100 apartments a year to the marketplace
• Fully integrated in-house construction team • Best-practice safety and building standards • Use of state-of-the-art technologies and systems • More than 100 employees and in excess of 1,000 indirect jobs • More than 1,000 apartments under construction at any time
• Owns and manages 4.5-star apartment hotels across multiple locations in the ACT and NSW • Unique offering of 400+ apartment-style rooms • New five-star offering coming soon • Hotel pipeline includes sites in Belconnen, Kingston and the City • More than 150 staff across all properties, including head office
• Future pipeline guaranteed in impressive portfolio of longhold assets, including land banks and commercial buildings, strategically positioned in geographically-diverse locations • A strong balance sheet underpins our future investment, providing a diverse and rapid uptake of development opportunities
• Dynamic in-house sales team provides a complete customer experience through all stages of the development/sales/leasing and settlement process • Responsible for marketing, administration and sales of muti-unit, mixed-use precincts in strategically located growth centres • Unrivalled knowledge of the ACT property and sales market • 1100-plus portfolio of residential apartments for sale • Expanding portfolio of commercial spaces in sought-after town centres
MEET OUR TEAM
As well as the core development, construction, sales and hotels teams, Geocon has highly experienced accounting, finance, communications, marketing and corporate operations professionals – each playing an important role in the success of the business. Our company works together to build the nation’s capital, and to ensure ongoing excellence we offer training and development opportunities to enhance employees’ skills and help them pursue career ambitions. Our supportive culture ensures our staff are always challenged, engaged and invested – which returns value to the business. A key part of our activities is providing career pathways through cadetships and our muchadmired Abode Academy vocational training program. Geocon is one of the largest organisations in Canberra to have negotiated a company specific enterprise bargaining agreement with our construction workers, delivering greater flexibility, higher wages and additional benefits. Good leadership starts from the top and guiding the Geocon team is a highly capable management group that brings to the table extensive hands-on project experience in all facets of property development and hotel management.
Our supportive culture ensures our staff are always challenged, engaged and invested in Geocon’s success
Nick Georgalis Managing Director
Born and raised in Canberra, Nick Georgalis is passionate about the key role Geocon is playing in shaping the future of the national capital. Georgalis is the driving force behind Geocon and Abode Hotels, leading the executive management team and providing strategic direction for the group. His focus is firmly on expanding the company’s interests in high-rise apartment and commercial development, hotels and site acquisitions. After building a successful career in engineering, project management and leadership in the construction sector, Georgalis recognised the need for a player in the ACT residential housing market that would deliver an exceptional product at an affordable price. In 2007 Geocon was born with just six employees and a turnover of $5 million in its first year. Since then the company has grown to more than 250 staff, has an annual turnover of $400 million and engages up to 2,000 workers at a time, depending on project phases. Geocon is now one of Canberra’s most successful property developers, but Georgalis is not slowing down. Several ground-breaking new projects are in the pipeline and new in-house sales, communications and marketing teams have recently joined the Geocon business.
Chief Financial Officer Sean Unwin has more than 25 years’ experience in corporate strategy, financial management and operations, including senior roles with leading international real estate, recruitment and financial services organisations. Throughout his career, Unwin has transformed businesses with his keen focus on strategic financial planning, commercial negotiation, finance transformational change and CRM and back-office systems implementation. As Geocon’s CFO, Unwin is responsible for providing critical insights and developing both internal and external commercial partnerships that will shape the future strategic direction of the business. He is responsible for the end-to-end finance function, including accounting and compliance, budgeting, forecasting and planning, commercial partnerships, development of capital management plans in conjunction with the Group Treasurer, and oversight of critical business systems. Unwin’s track record of delivering continuous improvement in large, complex businesses is helping drive Geocon to even greater heights.
General Manager – Development Peter Micalos joined Geocon in 2013 and manages the performance and delivery of the company’s development projects, ensuring design goals are achieved, and an exceptional product is provided to the market. Micalos manages key internal and external stakeholders including government authorities, consultants, contractors, marketing and sales teams, and financiers. He has a wealth of experience in property development having begun his career as a specialist land development analyst, advising on a broad range of matters across the ACT. He has held project manager roles in both the private and public sectors, where he was responsible for the development of numerous large-scale, multi-unit projects in Canberra. He also has expertise with developments delivered through public/private joint-venture partnerships as well as project feasibility and strategic capabilities. Micalos holds a Diploma of Building and Construction Management, an ACT Building Licence and has studied law and economics at the Australian National University.
General Manager – Hotels Rien Donkin joined Geocon in 2014 as General Manager of Abode Hotels, bringing more than 15 years’ experience in the hospitality and accommodation industry across Australia. As well as leading the corporate team and hotel managers in multiple properties under the Abode Hotels banner, Donkin is responsible for the direction and performance of the brand. His knowledge of hotel operations, refurbishments and refits, food and beverage, conferencing, brand delivery and positioning make him the perfect leader for the Abode Group, which encompasses broader hospitality venues. He has held senior roles during the launch phase of several hotels, bringing expert insights to the growing Abode Hotels portfolio, which includes properties in Gungahlin, Woden, Tuggeranong, Narrabundah and Murrumbateman. New properties are being developed in Kingston, Braddon and Belconnen, and a new five-star hotel brand is soon to be introduced to the market under Donkin’s direction
General Manager – Construction Starting with Geocon as a project manager in 2010, Damon Smith worked his way up to Operations Manager and now General Manager – Construction, where he is responsible for the delivery of more than $400 million in construction works across multiple sites. Smith has extensive experience in major residential and commercial developments, enabling him to successfully manage Geocon’s large-scale projects including Wayfarer, Infinity and Southport. Smith has delivered many outstanding projects across Canberra, including Observatory Living at Wright, Chelsea Village in O’Connor, Centro Apartments in Gungahlin, the award-winning Juliana House refurbishment at Abode Woden, Fringe at Epicentre in Fyshwick and more. Smith holds a Bachelor of Construction Management, a Diploma of Project Management, a Diploma of Building and Construction (Building), a Certificate IV in Business Management and Certificates I, II and III in Building Construction.
Kristen Porter General Counsel
Kristen Porter joined Geocon in 2017 as Group General Counsel. Porter has more than 12 years’ experience in corporate and commercial law, with a focus on building and construction, property, planning and environment, structuring and corporate governance. Property is in Porter’s blood, being the third generation of a family involved in real estate, property investment and developments. As Group General Counsel, Porter is responsible for managing all legal, risk and company secretariat functions of the business, with a key function of her role being providing strategic legal advice in the developments and acquisitions space.
Group Head of Communications Michelle Rowe joined Geocon in 2017 as Group Head of Communications, and is responsible for internal and external communications for the whole of the organisation. Rowe has a lengthy international career as a journalist, including senior roles at Trinity Mirror Group in London, Post Publishing Company in Bangkok, and ACP and News Corp in Sydney. More than 25 years’ experience as a writer, editor and senior manager across newspapers, magazines, television and digital sites for publishers, broadcasters, tourism, major events and advertising agencies stands her in good stead to lead Geocon’s high-performance communications and content team.
Asrar Rahman Group Treasurer
Asrar Rahman is a chartered accountant with more than 20 years’ experience in corporate treasury, including 14 years at Woolworths Group. As Group Treasurer, Rahman steered Woolworths through a diverse range of capital raisings, including syndicated loans, domestic and international senior bond deals and domestic hybrid issues. This experience is now enhancing Geocon’s rapidly expanding activities, where Rahman is responsible for managing our growing capital and funding requirements, including upgrading the systems and processes underpinning these activities and providing cash flow forecasting, cash management activities, financial investment analysis and business cases, plus contributing critical input to project and group debt restructuring.
Melanie Hindson Marketing Director
Melanie Hindson joined Geocon as Marketing Director in January 2017 and is responsible for the branding and marketing of Geocon’s $1.2 billion pipeline developments. A senior marketing and project management professional, Hindson’s two decades of experience spans leadership roles in some of Australia’s premier private organisations including EY, Zenith, Acer and FINI Mirvac, as well as CHASE in the United Kingdom. Hindson specialises in delivering innovative marketing strategies that bring real benefits to Geocon customers. She has a passion for property and creating precincts where people love to live.
Tom Stephens Sales Director
Tom Stephens has extensive experience across a number of sectors of the property industry. For the past 14 years he has worked in development management, project marketing and sales, giving him the knowledge and experience to manage Canberra’s leading team selling multi-unit, mixed-use projects across the Territory. Stephens brings to the role an unrivalled knowledge of the ACT property market and builds lasting relationships that result in exceptional outcomes. He is the licensee for Geocon’s in-house sales team and as sales director is responsible for operations and team management, and for driving improvements in systems and processes, regulatory compliance, reporting, training and recruitment.
Marcelo Solar Design Director
A practice manager with 33 years’ experience, Marcelo Solar joined Geocon in March 2018 to manage our new in-house design team. Formerly a principal of the national architectural firm, peckvonhartel, Solar has delivered numerous major design projects for a wide variety of clients within the residential, commercial, health and education sectors. In his role as design director Solar is responsible for managing relationships and design outcomes with Geocon’s world-class architectural partners such as Fender Katsalidis, and overseeing the new design team’s delivery of documentation to our very busy construction group.
Director Commercial Sales & Leasing Welsh-born Mark Nicholls emigrated to Australia in 2007 with a Bachelor of Science (Hons.) degree in Urban Estate Management and five years’ experience with a Manchester planning, development and regeneration consultancy. After working with CBRE Canberra facilitating sales and leasing campaigns for commercial, industrial and retail investments, and mixeduse developments, he joined Geocon in February 2018, where he is responsible for selling and leasing existing and pipeline commercial stock, providing input into commercial tenancy design and implementing retail mix strategies for each of our major projects.
Strategic Partnership Manager Prior to joining Geocon in January 2018, Simon Chester was the Brumbies rugby union team’s general manager of commercial operations. A passionate Canberran, he has been enjoying promoting the city to new markets while selling Geocon’s projects. Chester’s track record includes putting together complex commercial deals and his career includes considerable time working in Southeast Asian and Middle Eastern markets.
Environmental Health & Safety Manager Steve Vizy joined Geocon in 2014 as Environmental Health and Safety Manager and is the person responsible for overseeing all aspects of our EH&S system. He monitors Geocon’s project sites to ensure they meet our standards and the ACT’s legislative requirements and liaises with contractors, project safety officers and industry associations on health and safety matters. Vizy’s 30-year career includes working for 17 years as a safety officer across the Canberra and Melbourne construction and development sectors, making him the perfect person to guide the safety culture and education of Geocon’s young and enthusiastic construction team.
Construction Manager Andrew Clark was a foreman for an interstate residential building company before joining Geocon in 2009 as project coordinator. In 2016, he was promoted to construction manager, where his role involves overseeing the day-to-day operations of all of Geocon projects, including design development, cost control, quality and systems compliance. Clark’s extensive experience includes working with the design, development and construction teams that have delivered signature Geocon projects. Clark has a Bachelor of Applied Science in Architecture, an Advanced Diploma in Management and holds an ACT Class A builder’s licence.
Geocon has come a long way since its humble beginnings in 2007, with new skills, knowledge and the confidence to bring innovative and exciting ideas to the Canberra market.
07–2013 Geocon is incorporated in June 2007, with the goal of changing contemporary living in Canberra’s suburbs (2007) Abode Gungahlin The inaugural release under the Abode Hotels brand, featuring 65 apartment-style rooms (2010) Investing in a vision Abode Hotels is established to provide stylish, affordable accommodation to a wider audience (2010) Urban living redefined More than 1000 residential cottages and townhouses built by Geocon, introducing a new way of living in Canberra (2010) Abode Tuggeranong Abode Tuggeranong, with 82 stylish serviced apartments and 4.5-star amenities, becomes the second property in the Abode Hotels portfolio (2012) VUE Tuggeranong VUE Tuggeranong, featuring 227 luxurious apartments and a modern retail precinct, is completed in the city’s south (2012) Centro Apartments Centro Apartments in Gungahlin are released, providing affordable accommodation only 15 minutes from the CBD (2013) Abode Woden The third venue in the Abode Hotels chain, Abode Woden, an adaptive reuse of the old Juliana House building, opens (2013).
Cavan at Wright
Ten free-standing cottages and 15 two-storey attached terrace homes are released in Wright (2013)
Plans announced for Wayfarer, the tallest residential building in Canberra, comprising 331 apartments
Chelsea Village in O’Connor, featuring 23 terrace-style apartments in the bustling northern suburbs, is released
‘Property Business of the Year’
New Geocon HQ
Newtown at Crace
Geocon establishes new headquarters in its first boutique commercial office and retail building, Fringe, in Fyshwick
Newtown at Crace unveiled, with 54 apartments conveniently located near a new shopping precinct
Eighty boutique apartments are launched in Franklin Observatory Living
Geocon is crowned ‘Property Business of the Year’ at the prestigious Property Council of Australia ACT Awards (2013) Commercial – Sustainable Construction Award Geocon wins the 2013 Award for Commercial – Sustainable Construction for Abode Woden at the Master Builders and CBUS Excellence in Building Awards (2013).
Fifty more homes completed at Crace, driving Canberra’s residential boom Commercial Buildings Award Geocon wins the 2014 Master Builders and CBUS Excellence in Building Award for Commercial Buildings $5 million to $20 million for Fringe.
Observatory Living Observatory Living featuring 270 spacious apartments and luxury amenities, is released in Wright Belconnen precinct Geocon purchases its largest land holding to date, paying $21 million for a mixed-use urban precinct in Belconnen Southport Greenway Southport in Greenway is launched, with ambitious plans to revolutionise urban living through 360 resort-style apartments Affordable Housing Award Geocon wins the Chief Minister’s Affordable Housing Award at the 2015 Master Builders and CBUS Excellence in Building Awards for Observatory Abode Narrabundah The fourth property in the Abode Hotels chain, Abode Narrabundah, is launched, featuring 86 apartment-style rooms.
New land purchased
Abode Murrumbateman open
Infinity in Gungahlin, with 426 apartments perched in Canberra’s highest residential building, is launched
A prestigious site in Braddon is purchased for the development of a mixed-use precinct including apartments, retail and commercial spaces, plus a new Abode Hotel
Midnight in Braddon, a mixed-use precinct that will incorporate residential apartments and a 160-room Abode Hotel, is launched
Abode Murrumbateman opens in February in the Yass Valley food and wine region
Infinity breaks ground
Construction of Abode Murrumbateman, the group’s first hotel in NSW, begins
Abode Murrumbateman A site is purchased in Murrumbateman in preparation for expanding the Abode brand into NSW. It will be the group’s fifth hotel property Southport Construction starts at Southport in Tuggeranong, breaking ground on a new style of waterside living in Canberra’s south Australia’s first Green Star hotel Abode Woden becomes the first hotel in Australia to be awarded a rating under the prestigious Green Star certification system Workplace Health and Safety Award GEOCON wins the Workplace Health and Safety in the Residential – Large Scale Projects category at the 2016 Master Builders and CBUS Excellence in Building Awards for Wayfarer Canberra’s largest mixed-use precinct Plans are revealed for Section 200 Belconnen, a $750 million development that will become the largest mixed-use precinct in Canberra.
Construction begins on Gungahlin’s exciting new mixed-use development, Infinity No. 10 Restaurant and Bar open for business Abode Woden opens its onsite No. 10 Restaurant and Bar, offering a modern and creative menu showcasing local produce Wayfarer reaches a pinnacle Wayfarer is completed, and becomes the tallest apartment building in Canberra This is Republic Republic in Belconnen is launched. The innovative mixed-use precinct is set to become the new heart of Belconnen.
Woden acquisition Geocon expands its focus on Canberra’s main town centres with the purchase of a new development site in Woden City 7 acquisition Geocon purchases the landmark City 7 site at Reid for another signature development Garema Place acquisition A new deluxe hotel will be developed in the heart of Canberra city following Geocon’s purchase of the Garema Centre site at 70 Bunda Street
Infinity complete Infinity in Gungahlin Town Centre is completed in March Midnight begins Construction begins on Braddon’s most exciting new mixed-used development, Midnight Grand Central Towers Geocon enters joint-venture partnership with Zapari to deliver a $200 million residential and retail project in Woden Town Centre. Republic / High Society Construction on Canberra’s biggest ever development set to start in April 2018. Abode Kingston opens Kingston’s first Abode Hotel due to open on Kennedy Street in August
West Block acquisition
Metropol to begin
The historic West Block buildings in front of New Parliament House will be restored and repurposed as a magnificent luxury hotel following Geocon’s purchase of the site
Construction on this iconic city centre project due to begin September 2018
Southport complete The Southport project in Greenway, Tuggeranong is completed.
Garema Place to begin Construction on Abode Group’s first five-star hotel scheduled to begin September 2018 West Block to begin Construction on a new fivestar hotel in the Parliamentary Triangle set to begin in December.
INFINITY Five-star living is on the rise in Gungahlin Town Centre At 20 and 22 storeys, Infinity is Canberraâ€™s highest residential complex, offering one, two and three-bedroom apartments in varying sizes, including luxury penthouses and terraces. Commercial spaces occupy the ground floors, including the child-care facility Geocon built in 2013. Infinity is just two minutes from Gungahlin Town Centre and Yerrabi Pond waterfront dining. It is also a 15-minute drive to the attractions of the city, an 18-minute drive to Canberra Airport and adjacent to the proposed light rail station.
Nearby facilities include the marketplace shopping centre, a leisure centre, restaurants, skate parks, an adventure playground and a dirt bike circuit. A new shopping and entertainment precinct is set to open by Christmas 2018. Unlike anything Gungahlin has seen before, Infinity is designed to make home feel like a holiday, with a suite of leading amenities at the Sky Park on level five, including infinity pool, landscaped podium gardens, BBQ area, gym and exercise track. The elevated building site offers
incredible views over Gungahlin and Yerrabi Pond, while the unique tintedglass exterior ensures fabulous views and lets in abundant natural light ensuring a great quality of life for residents. The three interior design styles include Scandinavian, modern and French provincial, and each apartment comes with signature Geocon features such as extensive glazing and high-end appliances.
Infinity is a flagship project that has revolutionised apartment living in Gungahlin
KEY DETAILS Corner Anthony Rolfe Avenue and Gundaroo Drive, Gungahlin 426 residential apartments with seven ground-floor commercial spaces Valued at $180 million Completion February 2018 (commenced September 2016)
SOUTHPORT Southport offers the amenities of a six-star resort, with magnificent mountain and lake views
At 12 storeys, Southport is Tuggeranongâ€™s tallest residential apartment building and on completion was Canberraâ€™s highest single-staged, multi-unit development. It includes 360 residential apartments and ground-floor commercial and retail tenancies. Located in the new Southquay precinct, Southport is a combination of one, two, three and four-bedroom apartments in a variety of styles, including two-storey terrace apartments, traditional units and cross-ventilated designs.
Perhaps the most alluring feature of Southportâ€™s design is its resort-style facilities that include upscale plunge pool, The Lagoon, a 25-metre lap pool, a resident gym that includes the largest non-commercial sauna in the southern hemisphere, and an al fresco dining and entertaining area perched high above the Southquay precinct. The suburb of Greenway is in Tuggeranong town centre, which features The Hyperdome shopping centre, restaurants and bars, Abode Tuggeranong and many urban open spaces which contribute to an exceptional quality of life.
Among Southportâ€™s amenities is the largest non-commercial sauna in the southern hemisphere
KEY DETAILS Corner Cynthea Teague & Anketell Streets, Greenway 360 residential apartments with three ground-floor commercial/retail tenancies Valued at $128 million Completion September 2017 (commenced February 2016)
WAYFARER Wayfarer is the pinnacle of Canberra inner-city living Wayfarer is an 88m-high, 27-storey residential development located in Belconnen Town Centre. The highprofile project includes 331 residential apartments and commercial space at ground level. The development includes an impressive façade, a grand entrance featuring six-metre high ceilings, residential apartments from levels six to 27, an infinity pool on levels 26 and 27 and a sky lounge entertainment area on level 25.
Car parking has been cleverly hidden within the façade on the first four levels. From level six and beyond there is a collection of beautifully appointed terraces with up to 160 sqm of outdoor living, partially protected from the elements with pergolas. Apartments on levels seven to 27 boast spacious balconies with excellent views. A highlight of the apartments is the dream kitchen inspired by renowned chef Tetsuya Wakuda. The kitchen occupies the central space in most apartment types and includes an Electrolux oven, combination steam and multifunction oven, induction cooktop, built-in dishwasher and built-in microwave with convection and grill.
Wayfarer is only minutes’ walk to Westfield Belconnen, Canberra Indoor Sports and Aquatic Centre (CISAC), multiple government departments and the University of Canberra. Residents have easy access to Belconnen’s waterfront precinct, featuring John Knight Memorial Park, restaurants, bars, cafes and popular picnic areas around the lake. The project is also a short drive from the Australian National University, city centre and the inner north suburbs.
Among the highlights of each apartment is the dream kitchen inspired by renowned chef Tetsuya Wakuda
KEY DETAILS Corner Eastern Valley Way and Aikman Drive, Belconnen 331 residential apartments and commercial units at ground level Valued at $145 million Completed December 2016 (commenced May 2015)
Canberra’s city centre is being transformed by two cutting-edge new mixed-use developments
MIDNIGHT A jewel right on the doorstep of Braddon Geocon is transforming the Northbourne Avenue corridor with its Midnight development, now under construction. Adjacent to the Elouera Street light rail stop, the $200 million development will be a new mixed-use precinct for this vibrant entertainment hub, incorporating residential apartments, a 185-room hotel under the Abode Hotels umbrella, 2600 sqm of ground-floor retail and commercial bays and a basement car park with 200 dedicated public parking spaces. Geocon has again teamed up with worldrenowned Fender Katsalidis Architects and Oculus – specialists in urban planning and design – to deliver the project. Midnight is inspired by its surroundings and has been designed to play on the duality and unique characteristics of Northbourne Avenue and Mort Street, Braddon. “Only a hundred metres separates them but they are completely different environments and experiences,” says Fender Katsalidis Architects’ David Sutherland. “Midnight responds to the character of each.”
KEY DETAILS 92 Northbourne Avenue, Braddon 236 residential apartments with a 185-room hotel and 2600 sqm of commercial space Valued at $200 million Completion 2019
Civic architecture is reimagined
In August 2017 Geocon acquired a muchsought-after 1.17ha site on the corner of Cooyong Street and Ainslie Avenue in Reid, for $38.5 million. Opposite the Canberra Centre shopping complex and picturesque Glebe Park, the site will be transformed into sleek, contemporary high-rise apartments and commercial spaces, offering an unrivalled quality of life in the heart of the city. Following unprecedented demand for apartments in the nearby Midnight development (see left), Metropol is being snapped up by keen investors and first-home buyers, with more than 100 apartments exchanged in just a few hours at the pre-public sales event in November 2017. With one of the best locations in the CBD, the value proposition of Metropol is obvious, with one, two, three and four-bedroom apartments and penthouses offering an excellent choice for potential buyers. The distinctive facade draws on landmark Civic architecture for its design inspiration. Construction of stage one of the two-stage development will commence in 2018, and includes 248 apartments. Completion is expected mid-2020.
KEY DETAILS Corner Cooyong Street and Ainslie Avenue, Reid 530 residential apartments, 400 sqm commercial retail space Valued at $280 million Completion 2020
REPUBLIC The Republic precinct will be the largest mixed-use development in the national capital, including the city’s tallest and highest building.
The largest-ever development undertaken in Canberra, the Republic precinct will feature the city’s tallest building and its first glass towers
DA-approved by the ACT Government in March 2018, the $1 billion development will be delivered in three stages, and ultimately include 1211 apartments, an Abode Hotel, an expansive retail and commercial centre, and more than 500 public car spaces in addition to residents’ parking. The buildings in stage one of the development – Republic and Dusk – were 70 per cent sold out before construction, and expressions of interest for stage two – High Society – are now open. At 113 metres, High Society will be Canberra’s tallest building and a landmark for the ACT. Among its exclusive amenities are a rooftop sky park, wellness centre with a yoga and meditation area and European-style snow fountain and steam room, a basement car wash and bicycle hub.
STAGE 1 - Republic & Dusk Commercial and retail spaces, 387 apartments, 100 public car spaces, supermarket
STAGE 2 - High Society Commercial and retail spaces, 185-room hotel, 546 apartments, 400 public car spaces, public observation deck
STAGE 3 - Name / dates tbc Commercial and retail, and 324 apartments
The as-yet-unnamed stage three of the precinct will deliver more muchneeded commercial, retail and residential accommodation options to Belconnen and the national capital. Conceived by award-winning Fender Katsalidis Architects and Oculus Urban Design, the Republic precinct, a stone’s throw from Lake Ginninderra, will be Canberra’s hottest new lifestyle destination. The precinct’s buildings will be arranged around a large public square complemented by internal laneways, ‘green’ stairs, and retail and commercial spaces, restaurants, cafes, wide footpaths and street trees. On a 1.6-hectare block opposite Lake Ginninderra and adjacent to the bus interchange, Republic has easy links to the lake’s edge, cycle and walking paths and public transport. It is also close to Geocon’s Wayfarer, a new hospital, the University of Canberra, a secondary college, Canberra International Sports and Aquatic Centre and Westfield Belconnen.
KEY DETAILS Cnr Cameron Avenue and Eastern Valley Way, Belconnen More than 1257 residential apartments, commercial and retail space, private and public car parking Valued at $750 million Staged development with 5-10 year delivery timeframe from 2018
The tired and rundown Woden town centre is the focus of two major Geocon developments which will be the catalyst for the areaâ€™s revitalisation and transformation into an important gateway.
WOVA A signature Geocon mixed-use precinct is planned following the August 2017 acquisition of a one-hectare development site bounded by Furzer and Launceston Streets, Woden. The $380 million development will comprise four buildings, including a sleek 24-storey tower that will be a marker building for the town. The WOVA precinct will deliver 800 apartments, contemporary workspaces and public and private amenities that will create important connections between nearby businesses, government offices, recreational and shopping facilities, and local neighbourhoods. WOVA will be designed by Fender Katsalidis Architects and Oculus Urban Design, the team behind NewActon. It will place a keen focus on public spaces for the community, including extensive landscaping, public art, and planned links to other parts of the town centre. Space for pop-up activities such as street markets and family entertainment will bring further much-needed vibrancy to the area.
WOVA will place a keen focus on public spaces for the community, including extensive landscaping, public art, and planned links to other parts of the town centre.
KEY DETAILS Cnr Launceston and Furzer Street, Woden 800 residential apartments, 1500 sqm of commercial and retail space Valued at $360 million Estimated completion 2025
GRAND CENTRAL TOWERS A joint venture between Geocon and local developer Zapari, the $200 million Grand Central Towers development will comprise 430 apartments across two towers of 18 and 26 storeys, with retail at ground level. The project will capitalise on its location adjacent to the Woden bus interchange and stage two of the Canberra Metro light rail network â€“ the latter providing a convenient new direct route from Woden to the CBD. One, two and three-bedroom apartments and penthouses will be complemented by a rooftop retreat and reflection pond, and views of the National Arboretum, Black Mountain and the Brindabellas.
Given the excellent investment potential, more than 250 sales and a surge of inquiries were achieved at the VIP pre-sales launch of Grand Central Towers in March 2018. Following extensive consultation with the ACT Government, local community groups and businesses, development approval has been granted for the ambitious project. Construction is due to start in September 2018.
KEY DETAILS 15 Bowes Street, Woden 430 residential apartments, 1100 sqm commercial units Valued at $200 million Estimated completion date June 2020
GAREMA PLACE A deluxe five-star hotel will be developed in the city centre following Geocon’s September 2017 acquisition of the Garema Centre at 70 Bunda Street, on the edge of Garema Place. Through its highly successful Abode Group division, Geocon will deliver an international-standard luxury hotel experience close to world-class shopping and some of Canberra’s best restaurants, bars and attractions, just 300 metres from the light rail. The project will bring landmark change to Garema Place as part of a masterplanned mini-precinct. The precinct will strengthen retail trade in the area and maximise desirable spaces for people to meet and relax within the urban fabric of the city’s heart. Geocon is working closely with the new City Renewal Authority to improve the amenity of this key location through an innovative approach to community engagement, place-making and partnership. The hotel will increase Canberra’s appeal to visitors seeking a six-star travel experience, and substantially increase the number of high-end rooms available in the national capital.
What’s nearby • • •
Lonsdale Street Braddon entertainment precinct Midnight
• • • •
Metropol Canberra Centre Light Rail Canberra Theatre Centre
WEST BLOCK Canberra is eagerly awaiting the arrival of its first true luxury hotels, to be delivered by Geocon’s Abode Group division. With prime locations in the Parliamentary Triangle and the heart of city centre Bunda Street, these five-star properties will be a tourism magnet.
The historic West Block buildings in front of new Parliament House will be restored and repurposed into a luxury hotel following Geocon’s purchase of the site from the Commonwealth in September 2017.
Designed by architect John Smith Murdoch, West Block was one of the earliest buildings erected in the Parliamentary Triangle of the “new Federal Capital”, and the luxury hotel will celebrate this heritage.
The prestigious location lends itself to the creation of a truly iconic Australian hotel that will preserve and open to the public for the first time some important aspects of the nation’s political history.
Fender Katsalidis, the only living architects to have converted a John Smith Murdoch building into a hotel through their work reimagining the former Acton House into NewActon’s former Diamante Hotel, will lead the ambitious project.
Geocon is one of few developers with the capabilities and credentials to undertake a sympathetic adaptive re-use on West Block, having successfully repurposed Juliana House, a 1970s government office block in Woden, into Australia’s first green star-rated hotel.
KINGSTON ARTS PRECINCT As MONA has done for Hobart, the new Kingston Arts Precinct will create for Canberra a cultural space of international renown.
KEY DETAILS Wentworth Avenue, Kingston 500+ public car spaces, residential apartments and commercial units Valued at $500million Estimated completion date June 2023
The Kingston Arts Precinct (KAP) will be the jewel in the crown of the Kingston Foreshore development. As MONA has done for Hobart, so will KAP create for Canberra a cultural space of international renown and a beacon for artistic endeavour across the world. Geocon will breathe new life into this prime location to create a destination where art and culture thrive and which will join icons such as the Australian War Memorial and the Australian National Gallery as must-see Canberra destinations. Geocon has partnered with world-renowned Fender Katsalidis Architects and Oculus Urban Design to deliver this seminal project for the area, which will include residential apartments, commercial spaces and an Arts Hub comprising a series of interlinked buildings and spaces for independent arts organisations.
Expansive conference space will deliver to Canberra much-needed venues suitable for large-scale gatherings and concerts. The cutting-edge mixed-use precinct will harmonise with its environment, contrasting open spaces with intimate dwelling spots open to all. Working together with the ACT Government, Geocon will create a fitting gateway to the increasingly dynamic Kingston Foreshore in the next chapter of its evolution.
Geocon is thrilled to have been awarded the privilege of breathing new life into this iconic location and creating a fitting gateway to the increasingly dynamic Kingston Foreshore.
At Geocon we’re about building communities, not just through our development projects but by supporting local organisations and charities.
Over the years we have transitioned from a construction company to a large property developer and investor, helping transform Canberra with our exciting and unique projects. As we continue to grow, we value the opportunity to give something back to our community. To do so, we support a range of local organisations.
Our sponsorships are organised into two categories – philanthropic donations providing immediate short-term support and long-term partnerships that deliver sustainable benefits for the organisation and broader community. Some of our more recent partnerships include the following recipients.
Burgmann College Our association with Burgmann College supports current and potential residents who are in need of financial support through the College’s Bursary and Scholarships Program. Along with fundraising activities, Geocon spends time with residents in round-table discussions and mentoring sessions, offering business experience to Burgmann’s future leaders.
Canberra Hospital Foundation Geocon is especially proud of our unique affiliation with the Canberra Hospital Foundation. In conjunction with our Abode Hotels division, a two-bedroom family apartment has been donated at Abode Woden. The room accommodates up to four people for extended stays at no cost, providing some comfort and relief for guests who find themselves in a time of need.
Abode Hotels ACT Meteors Abode Hotels is proud to be partnering with Cricket ACT as the naming rights sponsor of the ACT Meteors women’s cricket team for the next three years, as well as becoming an official accommodation partner of Cricket ACT.
Menslink Geocon is acutely aware of the prevalence of men’s health issues in the construction industry, with research showing that construction workers are at a high risk of some form of mental illness. This is why we’ve chosen to back Menslink, a Canberra charity that provides mentoring and counselling in the community and at local schools to help young men get through tough times.
CBR Sports Awards The CBR Sport Awards are the most prestigious annual event on the ACT sporting calendar, bringing together our best athletes who have performed on the local, national and international stage. In line with Geocon’s commitment to support local sports and the stars of the future, we were Exclusive Event Partner for 2017.
Canberra Raiders Recognising how a strong sporting culture can have a positive impact on the community, Geocon and Abode Hotels have been proud to partner with the Canberra Raiders National Rugby League team. Sport brings together people from all walks of life who share the same passions and interests, while athletes can become great role models and have a positive influence on the lives of their supporters, particularly children.
CBR2RIO Olympic Gala Dinner Gold Sponsor
As a Gold sponsor of the ACT Team Appeal Committee’s primary initiative – the CBR2RIO Gala Dinner – Geocon was able to help local athletes fulfil their Olympic dreams. All funds raised went towards sending the 2016 Australian Olympic Team to Rio – including travel, accommodation, outfitting, sports science and health and medical support.
Aspen Island Theatre Co. We were delighted to be involved with the local theatre scene by supporting The Slip Lane, a production from contemporary Canberra playmakers, Aspen Island Theatre Company. This original play was a humorous relationship drama and political satire that offered a critique of modern Australia through the eyes of characters living in Canberra’s most northern urban precinct, Gungahlin.
Scouts To help the Diamantina Cub Scout group celebrate their 100th anniversary, Geocon hoisted the Centenary flag above its Wayfarer and Southport buildings by crane, where it was displayed for two weeks as part of global celebrations. The Scout group wanted to fly the flag as high as possible and Wayfarer – the highest residential building in Canberra – provided the ideal platform.
Girl Guides We were proud to carry out the refurbishment of Alpen District Girl Guides’ 40-year-old hall, as well as the Wanniassa District Girl Guides building, generously supported by several of our subcontractors.
“As a Canberra-based business, we’re proud of where we have come from and what we have built, and value the opportunity to help other people do the same.” Damon Smith, General Manager – Construction
As Canberra’s leading property development and construction firm, sustainability is the key to building the communities of the future. We are committed to going above and beyond to deliver exceptional, award-winning apartments and hotels. Geocon is passionate about sustainability. From our day-to-day operations through to project design and construction, it is at the heart of every decision we make. Our NABERS-certified head office includes a plethora of best-practice energy and water-saving initiatives, and this commitment continues across our construction sites, where we’ve introduced rubbish compaction, concrete recycling and more. Innovative and environmentally friendly features that have become standard across our developments include double-glazed windows and well-considered solar orientation which reduces the need for heating and cooling by providing each home with maximum direct sunlight during the day. Our vision for the future is to build self-sustaining communities in mixed-use precincts that have public amenities including restaurants, bars, retail and office spaces that benefit both residents and the wider community. We strategically choose locations that provide easy access to public transport, including the new light rail network, to reduce reliance on cars and increase health and wellbeing. Geocon’s Abode Hotels division delivered Australia’s first Green Star and NABERS-rated hotel, Abode Woden, in 2013 - the first hotel in Australia to be awarded a rating by the Green Building Council of Australia for its adaptive reuse of an older office building.
“Our success is due to the efforts and commitment of our people, who work tirelessly to deliver projects efficiently and to the highest standard. They are turning our vision into reality.” Nick Georgalis, Managing Director
That Geocon continues to win awards can be attributed to the ongoing development of the core values and principles that govern everything we do. We pride ourselves on the delivery of affordable residential, commercial and hotel accommodation which exceeds consumer expectations, offers measureable sustainable initiatives and represents high quality. As a result we have been recognised with a number of industry awards and certifications celebrating the company’s safety achievements, commitment to sustainability and innovative designs.
Green Star Certification In 2016, Abode Hotel Woden became the first hotel in Australia to be awarded a rating under the prestigious Green Star certification.
2016/2017 Master Builders Excellence in Building Awards Work Health & Safety Commercial category
2016 MBA and CBUS Landscape Design and Construction Award for Observatory Living
2016 Master Builders and CBUS Excellence in Building Awards Residential Large Scale Projects category
2013 National Master Builders Award Commercial Sustainable Construction for Abode Woden
2015 Master Builders and CBUS Awards for the Chief Minister’s Affordable Housing category for Observatory Living
2013 HIA CSR Housing Awards Apartment Complex of the Year for VUE The Residence
2014 ACT Master Builders and CBUS Excellence in Building Awards for Commercial Buildings $5m–$20m, for Fringe at Epicentre (Geocon’s head office)
2013 HIA CSR Housing Awards Affordable Home of the Year for VUE The Residence
2013 ACT Master Builders and CBUS Award for Commercial Sustainable Construction for Abode Woden
2013 HIA CSR Housing Awards Display Home of the Year for Home at Crace
Abode Group is an innovative accommodation provider, hospitality business and hotel asset manager
Geocon had a bold plan for Abode Hotels to become the largest hotel provider in the ACT and one of the largest private hotel operators in Australia within 10 years.
Like Geocon’s residential apartment developments, our hotels are conveniently located in Canberra’s town centres, less than 15 minutes from the city and close to Canberra Airport.
Eight years after its launch, it is well on the way to realising that vision. And Abode Hotels’ parent business, Abode Group, is branching out into new hospitality ventures and five-star properties.
We believe it’s important to push the boundaries and come up with innovative ideas that will appeal to our guests. We are achieving this with unique concepts such as one-stop shop grocery store Abode Pantry, conference facilities, and Fit Rooms, which come equipped with an in-room exercise bike. Abode Woden opened its No. 10 Restaurant and Bar in 2016 and Foundry Coffee Co. opened as part of Abode Tuggeranong in 2018.
Since the launch of the first hotel, Abode Gungahlin, the Abode Hotels brand has rapidly become a market leader in modern, affordable accommodation in Canberra and surrounding regions. The portfolio comprises four hotels across Canberra, one in Murrumbateman, NSW, and further sites under development. In addition, a new luxury hotel brand will be rolled out in prestigious Canberra locations in coming months. Abode Hotels focuses on what matters most to guests, creating an escape that becomes more than just a place to sleep. Our ethos is delivering unrivalled customer service, quality and simplicity. We offer apartment-sized rooms with all the conveniences of home, including full kitchenettes and laundries.
Our priority is to be a leading service provider and offer a point of difference in style, affordability and convenience. Abode Group is set to double in size by 2020, a testament to the success of the brand and its commitment to delivering a variety of accommodation options for Canberra, while supporting tourism, infrastructure and development and local jobs.
NEW HOTELS Abode Murrumbateman: Abode Hotels has expanded into regional NSW, with a new 50-room hotel Abode Murrumbateman, which opened in February 2018, is located at the new Fairley development near the Murrumbateman village centre. Fairley will incorporate a commercial and tourist precinct, with boutique brewery, café, bakery, visitors’ centre, childcare centre, children’s park, medical services and post office.
Abode’s first venture outside the ACT fills a major gap in the accommodation market, where there is a critical shortage of hotels between Gungahlin and Yass. The new property has boosted tourism in the area and supports local businesses by creating more accommodation options close to the region’s vineyards. The hotel features a flexible foyer space and public areas that can be used for a range of activities, including communal cooking and dining. Some suites accommodate larger groups, including wedding parties.
KEY DETAILS Fairley Village, Barton Highway, Murrumbateman First hotel investment outside Canberra region, 52 rooms Valued at $10 million Completed February 2018
Abodeâ€™s first venture outside the ACT fills a critical accommodation gap between Gungahlin and Yass
Abode Kingston: Leveraging the growth of the Kingston district, Abode Hotels is building a brand new property in the heart of the neighbourhood
KEY DETAILS Old Kingston shops, corner Eyre and Kennedy Streets New inner-city hotel with 60 rooms Valued at $20 million Construction under way to be completed in 2018
Located on the corner of Eyre and Kennedy streets, the new hotel is adjacent to popular restaurants, shopping and lifestyle facilities, and a short drive from Kingston Foreshore and Manuka village. It will incorporate 60 studio-style hotel rooms, a guest lounge and an Abode Pantry. Abode Kingston will be the closest Abode Hotel to Parliament House, until the anticipated opening of Braddon in 2019.
Abode Braddon: In 2019, a 180-room hotel with restaurant and retail spaces will open in Geocon’s Midnight development, adjacent to the highly anticipated Canberra Metro project.
Abode Braddon will embrace the exciting culture of the neighbourhood, bringing even more vibrancy and value to this renowned dining and entertainment area. Centrally located and brilliantly connected, the hotel, in Geocon’s contemporary Midnight development, puts every corner of Canberra within effortless reach. The new Capital Metro Light Rail Network will offer even more possibilities when it opens in 2019, linking Canberra’s main hubs for easy access across the city.
KEY DETAILS 92 Northbourne Avenue 184 rooms, 5-minute walk to Canberra CBD Valued at $55 million Under construction, completion in 2019
Abode Belconnen: Opening in 2020, the 180-room apartment hotel will be part of Geocon’s exciting new Republic precinct, which will offer new restaurants, cafes and retail facilities to the growing Belconnen community.
KEY DETAILS Cameron Avenue, Belconnen 135 rooms, 8-minute walk to Belconnen Westfield Valued at $35 million Under construction, completion in 2020
With Lake Ginninderra providing a rich natural canvas, Republic’s ground-floor plaza has been created to maximise waterfront access and views. Underlined by the expansive north-facing stairs that flow down to the lake, it creates a sweeping public amphitheatre, with an abundance of shared spaces to be enjoyed all year round by residents and visitors alike.
Imagine a rich world of cuisine on your hotel doorstep. Explore the public plaza to discover a modern and constantly evolving selection of Canberra’s most tempting food and beverage establishments – from fine-dining restaurants and bars to quirky cafés and street food vendors.
Abode Hotels Abode Gungahlin •
Abode Narrabundah •
Gym, golf course and driving range onsite
Abode Tuggeranong •
Gourmet kitchens available
Foundry Coffee co onsite
Abode Woden •
Restaurant, bar, conference and event space on-site
Abode Murrumbateman •
Flexible foyer space
Abode Kingston •
Abode Braddon •
City property on light rail line
Abode Belconnen •
Kingston Arts Precinct •
4-star property, 80 rooms
Opening date tbc
Food & beverage facilities
Commences 2018, completion 2020
No. 10 Restaurant
Abode Braddon (Midnight) •
Pub and restaurant
Abode Belconnen •
Observation deck and cafe
Abode Tuggeranong •
West Block •
Commences 2019, completion 2021
Kingston Arts Precinct •
Commences 2021, completion 2023
UNIT 18, LEVEL 1, 24 Iron Knob St, Fyshwick ACT 2609 PO BOX 5425 Kingston ACT 2604 (02) 6255 0430 â€¢ geocon.com.au
Geocon 2018 company profile