Delfin decade at Varsity Lakes

Written on the 9 September 2009

MASTERPLANNED community Varsity Lakes will celebrate a decade as work begins on stage one of its latest stage in the $100 million mixed-use waterfront village South Bay.

South Bay represents the last waterfront village to be released by developer Delfin Lend Lease.

Varsity Lakes is now home to more than 8000 residents, 500 businesses and more than 5000 employees.

Senior project director Carl Bruhn, says the Varsity Lakes’ economy, currently placed at more than $600 million, is likely to surpass $1.5 billion on completion, resulting in a significant ongoing contribution to the regional economy.

“The consistent quality of Varsity Lakes has been ensured through benchmarking, covenants, stakeholder relationships, community connections and partnership with Gold Coast City Council,” he says.

“With Varsity Lakes now exceeding 5000 full-time jobs, this equates to an average of 527 full time onsite jobs per annum, likely to inflate to 767 jobs per annum by 2010.”

The Varsity central business and innovation precinct has attracted companies such as IBM, Minter Ellison, gotalk, AON Insurance and Gold Coast City Council engineering services division.

Upon completion, the project will comprise 4500 homes and up to 100,000sqm of commercial space in town centre Varsity Central.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

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...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter