CITIMARK BREAKS GROUND ON $85M IPSWICH PROJECT

Written on the 1 June 2016 by Brisbane Business News

CITIMARK BREAKS GROUND ON $85M IPSWICH PROJECT

BRISBANE property group Citimark has broken ground on its landmark $85 million Silkstone urban renewal project in Ipswich.

The 14-hectare site will comprise a shopping centre, residential subdivision and parkland, with more than 75 per cent of the first stage already sold.

Citimark joint managing director Angus Johnson says the project is a key part of the suburb's wider transformation, which has attracted property fund ISPT, international and interstate investors and local owner occupiers to Ipswich.

"Following months of preparation, we've begun the construction phase on what is one of the most significant residential projects underway in Silkstone," Johnson says.

"Silkstone Residences is affordably priced with a high standard of fixtures and finishes that are unparalleled by other developments in the area.

"The project's premium location and its proximity to amenities and transport have resonated with buyers."

Builders Urbane Homes and QNV Constructions have been appointed to construct the residential element, with Hutchinson Builders awarded the shopping centre contract.

Silkstone Residences will feature 91 traditional houses and 49 terrace homes on lots ranging in size from 185sqm to 500sqm, with house and land packages starting from $329,000.

The Silkstone projects are part of Citimark's $1.5 billion diversified development book which is currently focused on south-east Queensland.

Image: Cr Andrew Antoniolli, Mayor Paul Pisasale and Citimark joint managing director Angus Johnson.


 


Author: Brisbane Business News Connect via: Twitter

Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter