Brisbane and interstate investors drawn to up-and-coming King Street precinct - Queensland Property Investor
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Brisbane and interstate investors drawn to up-and-coming King Street precinct

Brisbane and interstate investors drawn to up-and-coming King Street precinct
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Kaufland acquires third Queensland site

Kaufland acquires third Queensland site

Kaufland Australia is pressing forward with its Australian expansion with the acquisition of its third Queensland site, in a location that may concern local players.

On Wednesday, the German retail giant confirmed that it has taken ownership of Morayfield Village Retail Centre at 177-189 Morayfield Road, a suburb of Moreton Bay Region in north Brisbane.

The property listing on the Commercial Real Estate website indicates that the center is next to Morayfield Regional Shopping Centre, which houses major market players including Coles, Woolworths, Target, Kmart and Big W, with an Aldi store and two additional Woolworths supermarkets also situated in the precinct.

The 16,690sq m site, described as “a well-established, modern, single-level retail center”, includes a 6,939sq m building which is more than enough for a Kaufland supermarket, which generally occupies a total store area of 4,000 square meters.

Earlier this month Kaufland announced that it was making its first foray into the Toowoomba region in southern Queensland, along with the purchase of a site at Burleigh Heads on the Gold Coast.

A spokesperson for the retailer said that it is planning to explore further opportunities in the area.

“We are committed to long term, sustainable investment in Queensland, and we are delighted to be looking at all sites and opportunities that are available, ” a Kaufland spokeswoman said

“We look forward to continuing to work together with Moreton Bay Regional Council and all key stakeholders with the goal to deliver high quality, great service, and amazing value to the wider region.”

Kaufland has advised that its supermarkets will be stocked with local, regional and international products at discount pricing, with each store including a bakery, butcher and liquor areas.

In March, Kaufland Australia received planning approval for its first three stores in Victoria at Chirnside Park, Dandenong, and Epping as well as its Melbourne headquarters and Australia’s largest distribution center to be located at Mickleham.

The following month, the retailer was granted development approval to build its first South Australian store in Prospect, an inner northern suburb of greater Adelaide.





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Pesdev Group get DA for big retirement complex north of Brisbane

Pesdev Group get DA for big retirement complex north of Brisbane

A massive resort-style retirement complex with almost 400 units has been approved for sites near the South Pine River at Albany Creek, 21km north of Brisbane CBD.

Moreton Bay Regional Council has given the nod to two applications by Pesdev Group, (a privately-owned Brisbane-based property development company) – one for 287 units at 85 Greensill Rd and one for 121 units at 110 Greensill Rd.

Each unit would have two or three bedrooms and the complex, described as an independent and assisted living over 55 resort project, would house about 600 residents in total.

The larger development will consist of six four-storey residential buildings, while the smaller one, on the opposite side of Greensill Rd, will have four three-storey buildings.

Pesdev said they would operate as a combined development, with residents of both having access to a library, a function room, a cafe, a gym, baths and yoga/pilates room and a pool at 110 Greensill Rd.

There are also plans to possibly add aged care facilities in the later stages of the development.

The council approved the 287-unit application, despite it exceeding the dwelling density by having 91 dwellings/ha on the 6.25ha site.





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Aria Gets Green Light for $350m Mooloolaba Project

Aria Gets Green Light for $350m Mooloolaba Project

Residential developer Aria Property Group has received approval for a landmark 5-star hotel development on Queensland’s Sunshine Coast.

The developer, led by Tim Forrester, has identified the region for its growth, and lack of five-star hotel accommodation limiting the range of tourists visiting the Sunshine Coast.

The region is also set for massive change through the construction of a new $225 million runway at the local airport which will facilitate direct flights to and from Asia and bolster development of the new CBD in neighbouring Maroochydore.

Aria’s latest approval, located at 1 The Esplanade in Mooloolaba —opposite Mooloolaba Surf Club, draws on its previous projects on Brisbane’s Edward Street and the emerging Fish Lane precinct.

The 2,591sq m site, including retail and two small stand alone houses, was amalgamated and bought back in 1991 by Rod Forester.

Aria has been working on this project for over a decade and intensively for the last five years.


Aria Gets Green Light for $350m Mooloolaba Project 1

In a tentative lending market, the five-star development will be tailored to owner-occupiers with 66 residential apartments, as well as an international standard hotel comprising of 139 guest rooms.

The developer tapped architecture firm Elenberg Fraser to design the tower, which is located on the last available section of the Mooloolaba Esplanade.

The integrated resort will feature 1,764sq m of retail and restaurants, a day spa, conference facility and publicly accessible roof-top bar and restaurant.

“Both Tim and I grew up in Mooloolaba, and for us it is home,” Aria development director Michael Hurley told The Urban Developer.

“It’s incredibly rare to find a beach within Australia, that’s north facing, protected by the headland, bounded by the spit, river and harbour.

“This combination with an amazing array of beachfront accommodation, quality dining options, retail, amenities and activities already in place creates the perfect mix for anyone to live or holiday in Mooloolaba.”

The project’s rooftop will reference iconic buildings like the Marina Bay Sands in Singapore, W Hotel Barcelona and One Hotel South Beach Miami.

“We are starting to see and feel a real buzz beginning to happen in town, and you just have to look at the amazing things that the Matt Evans & Dirk Long have done in transforming the Wharf into a thriving retail and dining precinct, SCRC embarking on stage one of the Mooloolaba Masterplan with its new boardwalks and carparks,” Hurley said.

“All of these projects are a real credit to the leadership and vision of the council.”

Speaking at The Urban Developer’s annual residential property summit, Hurley said Aria’s brand reputation and philosophy for placemaking had allowed it to press forward with high-end developments in challenging market conditions.

Aria now aims to release residential units for sale in 2020 ahead of a 2021 construction start.

Recently, the group established Aria Living, its management rights division. The scheme provides long-term owner-occupied buildings with concierge services as well as communal events.

It also offers complimentary personal training, yoga classes, resident bikes and hotel-type services.

Earlier this year, Aria lodged plans for a 13-storey, 127-apartment residential tower in Brisbane’s Kangaroo Point, where Aria Living will be enacted.

The developer also recently completed Valencia in Kangaroo Point and The Drapery in Woolloongabba. The developer also has plans for a 145-apartment tower in West End, designed by Rothelowman.





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