South Yarra’s “The Ralston” Reaches Financial Close
MaxCap Group successfully settled in late April an institutional second mortgage finance facility for client Sterling Global, an experienced property developer with projects in Australia, China, Hong Kong, Singapore and the USA.
Located in the heart of the thriving Toorak Road precinct in Melbourne’s South Yarra, The Ralston has a GRV of $61.6 million and features a mix of 50 apartments one-, two- and three-bedroom and three townhouses set across six storeys, ground floor retail and basement car parking.
Designed by prominent architects Elenberg Fraser, the project has functional floor plans and features a modern exterior design that fronts Toorak Road, which is widely acclaimed for its dining institutions, upscale café scene and is a premier retail destination.
The project is nearby some of Melbourne’s most prestigious private schools and is approximately 3km from the CBD, with numerous public transport services on its doorstep. The Ralson’s residents will also enjoy the neighbouring St Kilda Road Arts precinct and parklands of The Royal Botanic Gardens and Fawkner Park.
The builder is Hacer Group and construction is due to be completed in October 2016.