Prices start at $395,000 in Lend Lease Docklands development Exo

Lend Lease Docklands development Exo, which launched in July of last year, is about 70% sold.

It was half-sold within the first three weeks of its marketing and had sold 60 of the 96 units by November. Now about 65 of the units are spoken for.

Exo is aimed at the more affordable segment of the market, with prices starting from $395,000 for one-bedroom apartments, which would qualify for the Victorian government's $13,000 first-home bonus until the scheme concludes June 30. To be eligible for the scheme, a property has to be priced under $600,000.

The building will comprise 32 one-bedroom apartments of about 55 square metres. It will have 64 two-bedroom apartments, which range from 79 square metres to 93 square metres and start at $665,000.

Exo will be have a distinctive perforated white façade, with its irregular holes designed to bring to mind river rocks or forest paths. It was designed by Lend Lease Design’s architectural team.

“Exo is the latest in a line of commercial and residential projects adding panache to Melbourne’s Victoria Harbour precinct – a unique fusion of city and water,” says Lend Lease Victoria Harbour project director Claire Johnston.

The development will back onto Collins Street, and although its address is technically Merchant Street, Lend Lease aims for it to be “characteristically Collins Street”.

“The design demonstrates an innate understanding of the need for sanctuary from the hustle and bustle of urban life, with each apartment purposely designed to maximise space and minimise noise, allowing residents to reside in the heart of the city without having to compromise on their quality of living,” says Johnston.

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