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Shayher Group see local interest at Indooroopilly townhouse collection Long Pocket

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The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouse when completed in 2023.

The Brisbane-based Shayher Group are seeing high demand from locals at their recently launched Indooroopilly townhouse development Long Pocket.

The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouses when completed in 2023.

Shayher are expecting a mix of buyers, from downsizers wanting a lower maintenance lifestyle while retaining the space, to young professionals with young kids and families looking to be near the private St Peters Lutheran College school zone.

townhouses

Long Pocket 75 Jacaranda Place, Indooroopilly QLD 4068

There’s two collections, the Rainforest Collection or the Riverview collection, the latter proving most popular so far.

Each townhouse will feature a number of living areas, a galley kitchen with Gaggenau appliances, an integrated fridge and freezer, as well as a butler’s pantry.

They will have expansive entertaining balcony as well as an outdoor courtyard. There are internal lifts available in selected townhomes which is a feature aimed at the downsizer.

The grounds will feature a 22 metre resort style pool as well as a sauna and a steam room.

There are five display homes on site ready for inspection.

About the developer

Shayher Group is privately owned Australian company that began operating in 1999 and has since grown into a diversified property group.

With their HQ in Brisbane, Shayher have developments across Queensland, New South Wales and Victoria. One of their most recognised developments is the $1 billion redevelopment of the heritage-listed Pentridge Prison in Melbourne.

Locally, Shayher have developed The One, the 82 level, 467 apartment development in the Brisbane CBD, and are set to transform the Bulimba Barracks in the next few years.

 

Article Source: www.urban.com.au

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Brisbane

Councils Want Workers to Kickstart CBD Economies

Economies

A survey indicating more than half of full-time employees want a hybridised virtual and in-office working model is not helping a national bid to lure workers back to the capital city centres.

According to a McKinsey survey of about 5000 full-time corporate employees, more than half of respondents wanted a flexible hybrid working solution post-pandemic, while just over a third wanted to work in the office.

The number of people wanting to work remotely grew 3 per cent to 11 per cent.

The changing face of work models was addressed by Brisbane Lord Mayor Adrian Schrinner when he spoke to the National Cabinet on behalf of the Council of Capital City Lord Mayors, outlining the issues facing the country’s CBDs and what needed to be done to kickstart their economies.

The Kepler Retail Index for the week ending June 6 showed passer-by traffic was still 26.5 per cent down year-on-year from the same time in 2019, excluding Victoria, which remained in lockdown.

Schrinner said the CBDs were the “beating heart of Australia’s economy” and contributed 69 per cent to the nation’s gross domestic product before Covid-19.

“We can’t ignore the plight of our city centres … if we’re going to get Australia’s economy firing on all cylinders again, we have to get people back into city centres and using public transport,” he said.

Economies

Source: McKinsey Reimagine Work: Employee Survey (Dec 2020 – Jan 2021, n=5043) 

“The working-from-home phenomena may suit many people but we can’t ignore the fact it has an economic consequence.

“Councils have been undertaking a range of initiatives, including waiving rates, fast-tracking maintenance and providing hospitality discounts, to help CBD businesses and to entice people back.”

Schrinner said while office occupancy rates had lifted from record lows last year, data indicated growth was plateauing.

He said traffic congestion continued to be a problem along major arterials as people chose to drive instead of use public transport to commute.

The Council of Capital City Lord Mayors has joined the growing chorus of groups calling for the federal government to expand the use of travel bubbles and fast-track the return of international students.

At the end of the third quarter in March, Melbourne’s office vacancy rate had quadrupled from 3.4 per cent to 14.3 per cent over 12 months.

Sydney’s office vacancy rate doubled to 12.1 per cent, while the already double-digit vacancy rates in other capital cities continued to increase with Perth recording a 20.2 per cent office vacancy rate.

 

Article Source: www.theurbandeveloper.com

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Brisbane

Ascendas Sells $125m Australian Logistics Portfolio

Ascendas

Singapore’s largest listed owner of industrial and office property, Ascendas’ Real Estate Investment Trust, has sold three assets in Queensland and Victoria for $125 million.

A Coles warehouse and a neighbouring warehouse at Heathwood, south of Brisbane, were sold for $101.6 million to Arrow Capital Partners’ $1-billion logistics investment fund, Strategic Industrial Real Estate with Altis Property Partners.

The latest acquisition, which is due to complete later this year, comes in the wakes of two logistics asset acquisitions in the Irish capital Dublin recently.

The Heathwood warehouses are in the Brisbane South Industrial Park. The 35,000sq m Coles logistics warehouse at 82 Noosa Street will be vacant later this year as the retail giant moves its operations to a purpose-built facility at Redbank.

Ascendas also divested a 16,134sq m warehouse and office space at 1314 Ferntree Gully Road in Melbourne via a unit sale agreement to China Tube and Haelram worth $23.5 million.

In a statement to the Singapore Exchange Ascendas REIT said: “The proposed divestments are in line with the Manager’s proactive asset management strategy to improve the quality of Ascendas REIT’s Australian portfolio and optimise returns for unitholders”.

“The total sale price of $125.1 million is approximately 16.8 per cent higher than the total market valuations of the properties of $107.1 million as at 31 December 2020.”

The proposed divestments are expected to complete in the third quarter of 2021.

Ascendas REIT is part of CapitaLand, which owns industrial assets in Singapore, Australia, the United States and Europe.

 

Article Source:www.theurbandeveloper.com

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Brisbane

Bluebird Rolls Out Innovative Development Partnership Model

Bluebird

Bluebird has launched its latest boutique project in Brisbane under its innovative joint venture model.

The firm’s development partnership with landowners allows them to become equal partners in the development process.

In this TUD+ Briefing, Bluebird co-founder and partner Riye Arai-Coupe discusses the division of responsibilities under its new model as well as the expected risks and returns for both the landowner and developer.

Bluebird’s maiden project under its development partnership is located at 5 Dudley Street in Brisbane’s riverfront suburb of Highgate Hill.

“The landowners were keen to construct a new apartment building but had limited experience in tackling a development project of this size and complexity on their own,” Arai-Coupe said.

“Under our model the landowners were able to learn of all of the possibilities through the project feasibility assessment and analysis.”

The development, currently before the council, will comprise a four-level, “high-end” apartment building with eight, three-bedroom riverfront apartments.

The project is centred around Bluebird’s “biophilic” design to deliver a development that connects residents with nature, creates best practice in sustainability and considers the community.

 

article Source: www.theurbandeveloper.com

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