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

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

Related News

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter