Psaltis Ryobi Group, which was established by Nick Psaltis in 1996 to undertake Property Development and Investment, has developed more than 20 projects of over $300 million in value. These projects have included Residential Land Subdivision, House and Apartment Building and Shopping Centre Construction.
Psaltis Ryobi Group was established by Nick Psaltis and his Singaporean partner Lee Yeok Chai, owner of Ryobi Constructions, to undertake property development and property investment in Australia. Shortly after the establishment of Psaltis Ryobi Group, Nick Psaltis acquired the shareholding held by Ryobi Constructions due to the sudden ill health of Mr Lee Yeok Chai.
Also in 1996, Psaltis Ryobi Group and Sam Tarascio’s company, Salta Properties, established Millennium Properties Pty Ltd to undertake residential property development by utilizing Nick’s and Sam’s respective project management and property development expertise.
Since 1996, Psaltis Ryobi Group has undertaken a wide range of development projects as a direct developer in its own right, as a project manager and developer through Millennium Properties, and as a project manager for external clients.
Nick is a qualified Civil Engineer with over 40 years of experience in civil, building, oil and gas pipeline construction, and structural rehabilitation throughout Australia, SE Asia, Europe and the Pacific Islands. Nick has also served on the National Committee of the Australian Pipeline Industry Association (APIA) and the Victorian Committee of the Australian Federation of Construction Contractors (AFCC).
Psaltis Ryobi Group, established in 1996 by Nick Psaltis, has managed more than 20 projects of over $300 million in value developed directly by Psaltis Ryobi Group, Millennium Properties or external clients.
Projects developed and/or managed by Psaltis Ryobi Group include, Residential Land Subdivision, Housing Construction, High Rise Apartment Building, Shopping Centre Construction, Specialist Commercial Building and Retail Development. Psaltis Ryobi Group has retained ownership of some of the developments it has undertaken which it holds as long term rental properties.
Psaltis Ryobi Group was established as a Property Development and Project Management company in Australia. Evolving through a joint venture between Psaltis Ryobi Group and Salta Properties, Millennium Properties was brought to life. This partnership has been successful in handling landmark projects and continues this success story today.Continue to Millenium Properties to see more recent projects
In 2000, Psaltis Ryobi Group was appointed Project Manager for three medium rise apartment buildings being developed by Salta Properties adjacent to the Victoria Gardens Shopping Complex. Psaltis Ryobi Group’s role included management of the design and architectural process, and construction of the three buildings. As the three buildings were in close proximity, and located on the banks of the beautiful Yarra River, unique and sensitive architectural styles, building materials, and internal layouts and finishes were adopted for each building. Whilst this process increased development complexity and costs, it produced a diverse development in keeping with its unique location.
Project Value: $30 million
Brunswick St, Fitzroy
Psaltis Ryobi Group purchased the building at 316 – 318 Brunswick St in 2002 with an initial view to redevelop the site into a multi-level apartment building. The existing building had a heritage listed façade but was otherwise in a state of disrepair. After considering several development options, it was decided that renovating the existing two level building was the optimum outcome. With the exception of the façade, much of the existing structure was demolished to make way for two new shops at ground level and a residence over the entire first floor. Given that the site was located at the epicentre of the lively and cosmopolitan Brunswick St precinct, Psaltis Ryobi Group decided to retain the redeveloped site as a long term investment property which it still holds.
Project Value: $3 million
Australian Starter Culture Research Centre, Werribee Victoria
Psaltis Ryobi Group was engaged in 1999 as Project Manager for this development on behalf of the Victorian Dairy Industry Association from inception through to occupation. The complex scientific components of the building required a unique building design, internal layout and detailed technical fit-out to suit this new research facility. Psaltis Ryobi Group was responsible for engaging and managing the various consultants, contractors and suppliers to deliver this unique development on time and on budget to the client’s total satisfaction.
Project Value: $5 million
Psaltis Ryobi Group is responsible for the Project Management of all aspects of all projects undertaken by its development arm Millennium Properties (which is jointly owned with Salta Properties), including site identification, feasibility analysis, land acquisition, design, construction, marketing and sales, and for on-going management of retained investments. These projects include:
Glen Gala Shopping Centre and Residential
Project Value: $70 million
Millennium Apartments, Clifton Hill
Project Value: $20 million
Riverview Estate, Maribyrnong
Project Value: $25 million
Yarra Bank Apartments, Hawthorn
Project Value: $20 million
Parkside Estate, Maidstone
Project Value: $13 million
Burnley Mews, Richmond
Project Value: $12 million
The Grove, Ascot Vale
Project Value: $10 million
Federation Estate, Sunshine West
Project Value: $15 million
The Oaks, Ivanhoe
Project Value: $7 million
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