Nesuto to open first Victorian property

Nesuto to open first Victorian property

Nesuto will open its first property in Victoria with the signing of Nesuto Docklands in Melbourne’s Docklands precinct.

The 211-key apartment hotel also marks the first time Nesuto has partnered with Australian real estate investment firm AsheMorgan, which is the owner of The District Docklands, Melbourne. The total investment of the new-build apartment hotel is $100 million.

Designed by Melbourne-based Fender Katsalidas Architects, the htoel will feature 58 one-bedroom, 20 two-bedroom and 133 studio apartments. Nesuto Docklands will also offer fully equipped kitchens, separate bedrooms, open-plan living and dining spaces, and internal laundry facilities.

Mark Ronfeldt, CEO of Daiwa Living Nesuto, said: “The signing of Nesuto Docklands and our new partnership is an exciting milestone for us, particularly given the current environment and market conditions.

“At Nesuto, we are nimble and work with owners to find sensible solutions.

“Nesuto Docklands, located at 80 Waterfront Way, is testament to that approach. Our unique hotel and apartment hotel model allowed us to completely tailor our approach to the development and deliver a property which will service the variety of needs of the mixed-use precinct.”

Construction of Nesuto Docklands Apartment Hotel is expected to commence early 2021 and is due for completion by January 2023.

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