Du Val Group: Mountain Vista Estate, Mangere

“Mountain Vista Estate will help meet the significant demand from families, couples and professionals who are wanting to take their first step onto the property ladder…”

Kristen Holland, Du Val's Director of Property and Construction

Encompassing a purpose-built community entertainment centre and state-of-the-art Du Val health club, Mountain Vista Estate is a brand-new family-friendly neighbourhood that embraces all there is to love about Mangere.

“This is one of the first developments of this scale in South Auckland,” says Du Val’s Director of Property and Construction, Kristen Holland.

“Offering modern, warm, affordable housing is a major priority for Du Val Group and Mountain Vista Estate will help meet the significant demand from families, couples and professionals who are wanting to take their first step onto the property ladder and live in a community they can call home for many years to come.”

Nestled between Mangere Bridge and Mangere township, two of Auckland’s rapidly growing suburbs, the $150 million master-planned Du Val Group development will provide 181 east and west-facing freehold terraced homes on Walmsley Road.

Arranged in a tree-lined neighbourhood, with a boardwalk surrounding Tararata Creek, Mountain Vista Estate offers a diverse range of living options, and boasts a thoughtful human-centred design, unmatched in Auckland’s market.

Well positioned in terms of amenities and access to transport, Mountain Vista Estate offers much appeal to both first-home buyers, and those looking for a secure investment.

On the one hand, it is close to significant infrastructure projects such as Auckland Airport and Middlemore Hospital, while on the other hand, there is Auckland’s most diverse range of natural features, including Māngere Mountain, Māngere Bridge waterfront, Ambury Regional Park, and a beautiful coastal walk.

The development will include 21 apartments and 160 townhouses ranging in size and varying from two to four-storeys.

The two-bedroom terrace homes have a living area on the ground floor, a basement or on-grade car park and a fully fenced backyard.

The three-bedroom terrace homes offer an internal garage and either one or two bathrooms. At stage three, one-bedroom apartments will also be made available.

Communal kitchen and entertainment facilities ensure residents can hold large functions whether it’s a child’s birthday party, some other special occasion or big family get-together in the area.

“There’s also a communal BBQ area, playgrounds and lots of space to ride bikes and walk safely. In addition, residents have exclusive access to a fully equipped and staffed gym. A full-time on-site property manager will live on site and there is full, monitored CCTV surveillance for safety.”

The exteriors of the buildings feature clean, contemporary styling and robust materials and are a combination of painted panels, wood cladding, aluminium joinery, and metal cladding.

The three-stage project commenced in 2021, with stages 1 and 2 due for completion mid-2023, while completion of the final stage is estimated to be at the end of 2023.

Eighty five percent of the project has already been sold, with Stage 3 townhouses available for sale early next year.

At the heart of Du Val Group’s ongoing success is its 360° business model that vertically integrates all the stages of the property development and construction process.

With a vision to build 1,000 quality, affordable homes every year, the 360° model is a strategic, long-term approach to property development that enables Du Val to undertake large projects in a timely and cost-effective way to deliver its vision and provide certainty and better outcomes for home-owners at a time when it is desperately needed.

“Large-scale property development is incredibly complex and the exposure to business and external risk is significant,” says Kristen.

“Redefining the playing field is about mitigating risk, which means controlling as many aspects of the property process as possible.

The 360° approach reduces third-party involvement which has a direct impact on the level of site-based risk associated with Du Val’s large-scale residential projects.

By bringing land purchasing, architecture and design, construction, sales, marketing, and property management all under one umbrella, Du Val is not reliant on other parties to carry out their role in the project with exactly the same mindset and objective.

It also allows us to implement new methodologies and innovative solutions to stay ahead of the current supply chain constraints.”

Kristen adds that internalising construction to manage market price fluctuations and having an internal sales team is what really sets Du Val apart.

Importantly, he says, the sales team gets involved at the very start, when the land purchasing team have identified a potential brownfield location.

Together, they can assess the market and the type of dwelling that’s likely to sell which will define the project.

“One of the biggest challenges of property development is making sure pre-sales are not holding up the project.

This means having a sales process that works and having sales teams who are accountable and understand exactly what’s required of them and when.

Having an internal sales team reduces the reliability on independent real estate agents and contractors to sell properties on Du Val’s behalf and means full transparency across the business for the project timeline.

Then there’s the added bonus of knowing customers and their capacity for purchasing properties, working with buyers ahead of settlement to make sure they have funding in place and releasing properties for sale at the optimum time to meet market demand.”

© Waterford Press Ltd 2022 – Independent Print Media New Zealand

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