Northern Lights: Spec Property’s Helio Project Reaches Financial Close

MaxCap Group secured an institutional 2nd Mortgage development funding solution for client SPEC Property’s latest North Melbourne project, Helio, comprising 111 apartments over 14 storeys.

Spec Property is an integrated privately owned family development business; designer, developer and builder under one roof. Clever architecture and the intelligent integration of spaces to maximise light and function is at the heart of their ethos.

With its name derived from the Greek word for Sun, it’s no surprise that the residential development features a light-filled, New York loft-style apartment design.

Helio is situated in the vibrant and eccentric inner suburb of North Melbourne, where skyscrapers meet laneways and where parks meet rooftops. Located on Flemington Road, Helio is nearby Royal Park, The Queen Victoria Market and many cafes and restaurants including Lygon Street.

Construction has commenced and the project is due to reach practical completion in March 2016.