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Chinese developer R&F to build $500 million Brisbane River mixed use precinct

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Chinese developer R&F to build $500 million Brisbane River mixed use precinct Read more: http://www.afr.com/real-estate/chinese-developer-rf-to-build-500-million-brisbane-river-mixed-use-precinct-20180403-h0yatv#ixzz5CncqWccC Follow us: @FinancialReview on Twitter | financialreview on Facebook

R & F Property Australia has released new plans for its $500 million West End development. Supplied

Chinese developer R&F has unveiled plans to develop an amended $502 million mixed-use precinct and public riverside space for its 1.6-hectare landholding at Brisbane’s West End.

The developer’s offshoot, R&F Property Australia, said it would undertake the approved masterplan development of more than 1000 apartments, while seeking changes to expand the public plaza. The site originally had an approval for seven buildings and 981 apartments.

It would also have river homes or lower level terraces along the Brisbane River as well as new retail and commercial space for shops and restaurants.

The developer would also reinforce the east-west public connection from West End to the riverside parkland and the Brisbane River.

“The project presents an important opportunity to transform one of Brisbane’s under utilised inner city former industrial riverfront sites into a desirable, integrated urban precinct,” R&F Property Australia senior development manager Rodney Chadwick said.

“The development will create a new architectural and cultural landmark for West End, focusing on public enjoyment and the opportunity to promote and enrich public access along the Brisbane River between Southbank and Orleigh Park.

“Our current plans show a series of public accessible, open spaces comprising of shaded landscaped courtyards, activated laneways and major plaza, spilling down riverside walkway.”

The development will be staged over six years.

Fronting the Brisbane River, the site between Hockings and Donkin Street is one of five landholdings that R&F has in Brisbane. It has two more in Melbourne.

While the developer had previously sought sites in Sydney, as most developers often do, it said the cost of land has made it difficult to buy the right property.

“We will continue to focus on developing our existing land over the next few years,” R&F Property Australia general manager David Wei told the Australian Financial Review exclusively.

“Australia is a good market particularly with its rising migration.”

He also said the group would consider hotel development and further diversification away from residential development but not in the immediate future.

The Guangzhou-headquartered and Hong Kong-listed developer is renowned for its large international portfolio stretching from housing to hotels. In recent times it was in the spotlight for snapping up 77 hotels from Chinese juggernaut Dalian Wanda for more than $3 billion, as part of Wanda’s selling spree.

Source: www.afr.com

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Developments

Hames Sharley to design $750 million development at Brisbane’s Albion station

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Hames Sharley to design $750 million development at Brisbane’s Albion station

Albion train station precinct redevelopment by Hames Sharley. Image: Hames Sharley

A 3.5-hectare site centred on Albion station in Brisbane will be transformed into a mixed-use “community hub,” with the Queensland government reaching an agreement with developer Geon Property.

The $750 million Transit Oriented Development will see the train station integrated with commercial and residential buildings, as well as new public spaces.
Transport facilities will be upgraded to the tune of $28.7 million, with commuter car parking and station accessibility to be improved. Hames Sharley has been appointed as architect for the project.

Hames Sharley to design $750 million development at Brisbane’s Albion stationAlbion train station precinct redevelopment by Hames Sharley. Image:  Hames Sharley

The Palaszczuk government committed to a $17 million accessibility upgrade in the lead up to last year’s election, and transport minister Mark Bailey said the government will now work with the developer to ensure the station integrates with the wider precinct.

“By unlocking the potential of the 3.5-hectare site through partnership with the private sector we will deliver enhanced public transport infrastructure for the local community,” he said.

“This 15-year project will integrate Albion train station with nearby commercial and residential buildings and vacant land to deliver an exciting community asset.”

The redevelopment of the site has long been mooted. In 2014, the then-Newman government called for expressions of interest for the site.

Haymes Sharley will now complete detailed designs, with Geon Property expected to complete the development application and approval process over the next 12 to 18 months.

Construction is expected to begin in 2019-2020, as are accessibly upgrades.

“While this accessibility upgrade is currently in early planning stages, improvements being explored include new platform access with lifts, raised platform sections providing improved assisted boarding points, and other accessibility features such as hearing aid loops, signage and tactile flooring surfaces,” said Bailey.

Currently, Albion station is only accessible by steep ramps or stairs, there are no electronic timetables or hearing loops and no raised boarding points.

Hames Sharley to design $750 million development at Brisbane’s Albion stationAlbion train station precinct redevelopment by Hames Sharley. Image:  Hames Sharley

Geon Property managing director Ben Griffin said the project will be a “world-class” transit-oriented development.

“This project will be defined by a seamless integration of high-quality apartment living, retail, food and beverage outlets with genuine character, modern commercial offerings and vibrant public open spaces.

“It will offer access to Brisbane’s transport networks, integrating with one of South East Queensland’s busiest train lines, connecting to the bikeway network and providing accessible parking options.”

Public consultation will occur as part of the development application process.

Source: architectureau.com

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Mirvac’s Clean Energy Houses Backed by $90m Loan

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Mirvac’s Clean Energy Houses Backed by $90m Loan
The Clean Energy Finance Corporation will lend $90 million to Mirvac for rooftop solar panels and battery storage at three new house and land estates across Sydney and Brisbane.

Mirvac is working with the CEFC to embed a range of clean energy initiatives that will see the communities of more than 300 family homes each equipped with built-in solar and battery storage systems, as well as high-grade insulation, LED lighting and energy efficient appliances.

The rooftop solar systems will provide new home buyers with a built- in solution to meet up to 90 per cent of their household’s energy consumption.

It’s not the first time the government clean energy fund has pumped capital into residential housing, last year it injected a $100 million investment into the AMP Capital Wholesale Office Property Fund.

The CEFC also financed $130 million for affordable energy-efficient homes in Sydney’s outer suburbs after sealing a deal with community housing group St George Community Housing.

Mirvac set itself a bold target to limit their residents’ bills by being net positive in energy and water by 2030, according to Sarah Clarke, Mirvac group general manager of sustainability and reputation.

Chris Wade, CEFC property sector lead, says it’s the green bank’s goal to see these built-in sustainability measures become the “new normal” for Australian homes as part of broader efforts to encourage net zero carbon buildings.

Construction is expected to commence in late 2018 with the first homes ready by late 2019.

Originally Published: theurbandeveloper.com

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Developments

Brisbane Gets First 5 Star Hotel in 20 Years

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Brisbane Gets First 5 Star Hotel in 20 Years
The re-entry of trendy W hotel brand in Australia is happening in Brisbane, with the trendy hotel opening on 1 June at Brisbane’s North Quay.

Part of Shayher Group’s $1 billion mixed-use Brisbane Quarter development along the Brisbane River, the hotel opening will mark the first five-star hotel to open in Brisbane’s CBD in 20 years since the Marriott Hotel.

W Hotel2

W Brisbane at 81 North Quay will include 312 rooms boasting views over South Bank and west to Mt Coot-ha.

The hotel will also feature 595 square metres of pillarless ballroom space, which will cater for large groups of up to 450 guests, or it can be divided into three separate spaces for smaller events.

W HOtel 2

Marriott International, the owner of the W brand, said the new hotel would bring “bold design and playful luxury” to the western end of Brisbane’s CBD.

The W Brisbane’s signature restaurant will be Three Blue Ducks Brisbane – an additional restaurant to the restaurant group’s three restaurants in New South Wales.

Additional properties W Sydney at Darling Harbour will open in 2019 and W Melbourne in Collins Street in 2020.

Deloitte Access Economics has found that the conditions remain friendly for economic growth which sets the scene for continuing growth of Australia’s tourism industry.

Deloitte’s Hotel Market Outlook found that hotels across the country performed well during 2017, recording gains across key indicators. Room occupancy added one percentage point over the year to reach 68.5 per cent.

Originally Published: theurbandeveloper.com

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