Developer Services

OUR POINT OF DIFFERENCE

Our experienced team knows and understands the relevant legislation particular to all types of development, and offer consultative services in all aspects of planning, set-up and asset management.

  • Advice from one of Australia’s most experienced strata and community managers as to the impact of Strata, Community and Convayanceing Act legislation on your development plans
  • Consultation and collaboration with your development team and external professional service providers to the project (architects, surveyors, local authorities, solicitors, valuers s and project marketing personnel
  • Advice as to the structuring of your scheme or community association development including specific detailed advice as to lot boundaries, common property and exclusive use areas of the scheme
  • Consultation regarding the preparation of the Management Statements and by-laws
  • Preparation of realistic budgets and collaboration with external service providers regarding sinking fund forecasting
  • Establishment of books and records for the scheme in accordance with the provisions of the Strata Schemes Management Act or Community Land Management Act
  • Arrangement of initial insurance covers for the scheme or association at competitive rates
  • Quick turnaround of any quantity of Section 109 or Section 26 Certificates
  • Building Management Statements – Review
  • Community Management Statements – Review
  • Building Management Committees – Set-up
  • Strata and Community Schemes – Set-up
  • Schemes Books and Records Establishment

Our Director Craig Ferguson has been responsible for the setting up many projects including the following developments and developers.

Table 1: Metro Asset projects & location
Project Name Location
Chatswood Transport Interchange Victoria Street, Chatswood
World Tower – BMC Liverpool Street, Sydney
Metro Residences – Galileo Funds Victoria Street Chatswood
Bennelong Apartments Circular Quay, Sydney
King Street Wharf – Multiplex Ltd Darling Harbour, Sydney
Kings Bay Community Scheme – Landcom Five Dock, NSW
Darling Island Apartments – Multiplex Darling Harbour Sydney
Cypress Lakes Resort Polkolbin, Hunter Valley
Balmain Shores – Australand Ltd Balmain, NSW
Beau Monde – DS Parklane Group Berry Street, North Sydney
Breakfast Point Community Assn. Breakfast Point , NSW
Centric(9,780 sq metre commercial) office, A grade building) 4 Hyde Parade, Campbelltown
Aero 247(10,000 sq meter commercial) Stratum lot development 243 Coward Street, Mascot
Pier 8 & 9 – Wharf Project Hickson Road, Millers Point, Sydney
Pulpit Point Homeowners Assn. Hunters Hill, NSW
Macquarie Links “Golf” Community Scheme Macquarie Fields, NSW
Excelsior Apartments – Murlan Developments P/L Elizabeth Street, Surry Hills
Serenity Cove Business Park Kurnell, NSW
Table 2: Metro Asset clients
Clients
Transport for NSW Cabe Developments P/L
Rosegroup P/L PMC Developments P/L
Multiplex Ltd D S Parklane Developments
Anka Property Group Grant Samuel Advisory
Landcom Parkview Group
Murlan Group Helm Developments P/L
Malcolm Group PPB Advisory
Helm Developments P/L Rail Corporation NSW

 

INITIAL PERIOD

Functions Performed by Metro Asset Management

The functions performed by Metro Asset Management during the initial period are designed to ensure that the developer and the Owners Corporation comply with the various duties and obligations required by the Strata Schemes Management Act 1996.

These include:

  • Obtaining insurance quotes for consideration by the developer. It is essential that this be planned in advance, as compulsory insurances must be in place from the time that the Scheme is registered.
  • Convening of Inaugural Extraordinary General Meeting must take place 14 days prior to registration of strata scheme
  • Providing certificates in accordance with Section 109 of the Act to facilitate the sale of lots in the development.
  • Establishing the books and records of the Owners Corporation including, but not limited to, the strata roll, minute book, correspondence file, insurance file and other statutory documents. We will also obtain a common seal for the Owners Corporation and supervise its use in accordance with the Act.
  • Convening the Inaugural Extraordinary General Meeting of the Owners Corporation. The purpose of this Inaugural meeting is to;
  • Adopt the common seal, determine levies, confirm insurances, ratify the appointment of Metro Asset Management and to attend to other administrative matters.
  • Convening the First Annual General Meeting of the Owners Corporation. This meeting must be held within two (2) months after the expiration of the initial period.
  • Attending to general secretarial, financial and administrative tasks.

Financial Control Levy Determination

The Owners Corporation is required to establish, and make estimates for, its Administrative Fund and Sinking Fund.

Metro Asset Management recognizes that financial control and positive budgeting are essential to meet both the short and long term running costs of the Owners Corporation.

As part of the services provided during the initial period, we will prepare budgets to enable realistic levies to be determined and present them at the Inaugural meeting.