006.jpg

BELMONT PROJECT UPDATE

Last Tuesday we had a further update meeting with Lake Macquarie Council re our revised façade design on the Belmont project, which was very positively received. Our next step is a fast tracked meeting with council Sepp65 Panel of independent consultants to review/critique on the 8th of December.

 

This will provide the final feedback required prior to being formally assessed and presented to the council for (we expect) a recommendation for Approval. Whilst this approval process has been longer than initially anticipated, the outcome is a fantastic design as well as some brilliant outcomes around units mix (incorporating additional height) and amenity with the upgrade and integration of the park back into our project.

 

As part of the council process, the application is open to public comment and feedback. Obviously the more positive feedback we receive, the stronger our case for approval becomes. In this regard, we would like to encourage you to submit a positive feedback review to council either by email to council@lakemac.nsw.gov.au or by mail to “Attention Leena Sebastian, Lake Macquarie City Council, Box 1906, Hunter Region mail Centre, NSW, 2310.

 

One of the factors council look at around feedback is that the responses are different (not a petition or a pro forma letter which people sign), and they actually pay additional weight if they are hand written (they see it has taken more effort to do). So we are asking if you could take the time to make a submission of support for the development, particularly that it meets outcomes outlined in the Belmont Town Centre Plan.

 

Again, we would ask that any submission be in your own words (and not a cut and paste exercise), however we feel the key items of the proposal could include:

  • You have reviewed the plans on display at council

  • The project will upgrade and improve the amenity in the immediate area including improving the visual aspect of the neighbourhood

  • Project will deliver on the goals outlined LMCC “Town Centre Area Plan” for Belmont

  • Provide an active street frontage whilst interacting with the foreshore parkland, and visual interest to the area

  • Create a stunning “Landmark” piece of architecture in the suburb, unlike anything in the greater Newcastle region

  • Site is identified for greater height, which the project delivers whilst providing increased residential opportunities for the location

  • Strengthen the regeneration of the Belmont Bay area

  • Provide much needed waterfront residential and commercial facilities, and hopefully the project includes a restaurant to maximise the benefits to the community of this stunning location

  • An opportunity to deliver an iconic building

  • Provide an up market accommodation solution needed in the area, and delivering on the spectacular location

 

You will need to reference the DA number, being: DA/2863/2021

You will also need to reference the address, being: 36 Macquarie and 1 Walter St’s Belmont 2280

 

The 35 Latitude Development Fund (Fund) is a retail managed investment scheme in the form of an Australian unit trust. 35 Latitude Pty Ltd is the Investment Manager of the Fund. 35 Latitude Pty Ltd is a Corporate Authorised Representative (No. 001239775) of DHF Investment Managers Pty Ltd (AFSL 509932). 35 Latitude's authority under its Corporate Authorised Representative Agreement with DHF Investment Managers Pty Ltd is limited to general advice regarding the Fund only. Any other advice provided is not provided pursuant to this agreement. Vasco Trustees Limited is the Responsible Entity of the Fund and the issuer of its Product Disclosure Statement.

This website contains information about the potential issue of interests in the Fund, but it is not intended to be used by any other persons in any other jurisdiction if and to the extent that to do so would be in breach of Australian laws, or the laws of any foreign jurisdiction

This website contains general information only and is not intended to provide any person with financial advice. It does not take into account any person's (or class of persons) investment objectives, financial situation or particular needs, and should not be used as the basis for making an investment in the Fund. Neither 35 Latitude Pty Ltd, DHF Investment Managers Pty Ltd nor Vasco Trustees Limited make any representation as to the accuracy, completeness, relevance or suitability of the information, conclusions, recommendations or opinions contained on this website (including, but not limited to any forecasts made). No liability is accepted by any of these entities or their respective directors, officers, employees, agents or advisors for any such information, conclusions, recommendations or opinions to the fullest extent possible under applicable laws.

This website may contain forward looking statements regarding our intent, belief or current expectations with respect to market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements. 35 Latitude Pty Ltd does not undertake any obligation to revise any forward-looking statements to reflect events and circumstances after the date of this publication.

Neither 35 Latitude Pty Ltd, DHF Investment Managers Pty Ltd nor Vasco Trustees Ltd guarantee the repayment of capital, the performance of any investment or the rate of return for the Fund. Past performance is not necessarily indicative of future performance.

Our Target Market Determination(s) (TMD) describe the investors for whom the product would likely be consistent with their objectives, financial situation and needs (the “target market”) and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the TMD for the financial product may need to be reviewed. It can be found on our website at the following location: www.35latitude.com.au