KANGAROO POINT SET FOR $150M DEVELOPMENT

Written on the 1 March 2016 by Brisbane Business News

KANGAROO POINT SET FOR $150M DEVELOPMENT A $150 MILLION luxury residential development will soon rise above Kangaroo Point cliffs.

The 2219sqm development site with panoramic views will become the Singapore-based Banyan Tree Group's first Australian property.

The site was purchased by the group from the Queensland Government via tender in July 2014 for $15 million.

It will fall under the Banyan Tree Residences brand which currently has presences in China, Indonesia, Mexico, Thailand and Vietnam.

Banyan Tree Group executive chairman Ho Kwon Ping says Brisbane's growing profile as the nation's 'most dynamic city' made it an ideal location for the brand's first foray into Australia.

"The city was a natural choice given its 2.2 million residents and $135 billion-dollar economy," says Ping.

"As the leader in the country's infrastructure boom, there are strong growth projections for Brisbane as it continues to transform and evolve."

Banyan Tree Group claims this is Brisbane's first true 'private luxury residences'.

It will include 76 freehold private residences over 10 levels, comprised of four penthouses, 27 three-bedroom apartments and 45 two-bedroom apartments.

Owners will also have a secure lobby with access to a 24-hour concierge, Banyan Tree Spa and retail gallery, dining venues, gym, private function spaces, and a rooftop garden and infinity pool.



Author: Brisbane Business News Connect via: Twitter

Latest News

SLATER & GORDON AND MAURICE BLACKBURN SHOWDOWN IN BELLAMY'S CLASS ACTION

FIERCE rivals Slater & Gordon (ASX: SGH) and Maurice Blackburn have secured funding for class actions against Bel...

WHY VIDEO IS A "GIVEN" FOR BUSINESS

IN TODAY's digital-driven world, video is king and if used right, it can push a company's brand and brand ...

BRAMBLES TUMBLES AFTER REDUCING GUIDANCE

BRAMBLES (ASX: BXB) will miss its first-half guidance due to cost pressures at its North America business.

The com...

VILLAGE ROADSHOW PARKS HURT BY DREAMWORLD TRAGEDY

QUEENSLAND visitors to Village Roadshow (ASX: VRL) theme parks have declined 12 per cent in the wake of four deaths a...

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