Project Board began with one of the more complex acquisitions in the Dominion portfolio — two lots on a single title, occupied by a house straddling both blocks, and involving six different sellers through a deceased estate. That complexity had kept the property off the market and created the opportunity.

Dominion negotiated a reduced purchase price by taking on the subdivision process — something the sellers had no capability to manage. After demolishing the existing dwelling, the second title was registered without incurring infrastructure charges, a meaningful cost saving that strengthened the return profile from day one.

The strategy involved selling one of the subdivided blocks to another investor client, then constructing two low-set co-living dwellings on the retained lot. Both dwellings were completed in under six months. Each contains five micro-apartments, delivering 10 tenancies in total. The project has maintained full occupancy since completion in July 2025.