MIRVAC'S TRIO OF SUCCESS

Written on the 3 December 2014

MIRVAC'S TRIO OF SUCCESS

MORE than $280 million in sales has been achieved following the final few purchases of apartments at Brisbane riverfront community, Tennyson Reach.

The Mirvac (ASX: MGR) development, which comprises 207 apartments across three buildings, recorded more than $9.9 million in sales since the start of the year, with the final six apartments purchased for an average of $1.65 million.

Tennyson Reach is the third Mirvac development in Queensland to sell out in the last 12 months.

The Mossvale on Manly masterplanned community, in East Brisbane, sold out in May, while the $350 million Ephraim Island development, on the northern Gold Coast, sold out in January.

Mirvac's National Group Executive Residential Development, John Carfi, says Tennyson Reach has delivered high quality apartments to Brisbane's sought after inner-middle city ring.

He says, in particular, it appealed to buyers who already knew and loved the area.

"The majority of Tennyson Reach purchasers came from suburbs in the immediate area and many have lived in the neighbourhood for a long time," he says.

"These buyers were generally downsizing from their family home and wanted a low maintenance alternative without compromising on lifestyle.

"It has also appealed to professionals wanting to be close to the city, while enjoying the lifestyle that comes with a community that has the river and parkland at its doorstep."

Mirvac has recently launched two new projects, Unison, the next stage of its sought-after Waterfront Newstead community and Art House in South Brisbane.


Latest News

WHY A JUNIOR MINER DECIDED TO JOIN THE RANKS OF THE HOT POT STOCKS

USUALLY, when a relatively unknown explorer experiences a sharp spike in its share price, it means they've fou...

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter