News Feature

March 2019

Crema is delighted to announce that late last week we reached Practical Completion at Derby Place, our flagship development project in Kew, with settlements now underway and residents moving into the building.

Developed and built by Crema, Derby Place has been an amazing journey with the project being the first major owner occupier building in Kew to be marketed directly to residents of the local area. Over 90% of our residents came from within a few kilometres of the site whom now sit above a first class Coles supermarket and across from the Kew Recreation Centre.

The residential component of Derby Place comprises of 77 luxury residences with sizes up to 550m2, and also includes a full-time concierge, a 500m2 north facing terrace dining area and gardens, private lounge, residents bar and library, and private garages in the basement.

Designed by Fender Katsalidis, in collaboration with CBG Architects, Derby Place launched to market in March 2016 with overwhelming success. Construction began the following year with the team handing over the Coles earlier this year.

“Derby Place is a significant project for Crema. Having developed the original office building on the site over 30 years ago, it’s extremely rewarding to see the site take on a new form and use. Residents of the building are excited to move in and we are extremely proud of what we have delivered here”, Luciano Crema, Executive Director, Crema Group.

Derby Place has demonstrated the vertically integrated nature of our structure, with all of our businesses involved in delivery including Crema Group (development), Crema Constructions, SG Formwork, Cambar Precast and Piave Concrete.

Crema would thank everyone that was involved in the successful delivery of Derby Place and we look forward to celebrating with the project team in the coming weeks and showcasing the project with our industry stakeholders.

 

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