SUNLAND'S ABIAN TOWER FAST-TRACKED

Written on the 13 May 2014

SUNLAND'S ABIAN TOWER FAST-TRACKED PROPERTY developer Sunland Group (ASX:SDG) has announced $160 million in pre-sales for its residential tower Abian, due to start construction next month.

The 40-storey tower will have 147 luxury two, three and four bedroom apartments, villas and penthouses with prices starting from $1.38 million.

Managing director Sahba Abedian (pictured) says the project was fast-tracked, after 80 per cent of units were pre-sold.

“Abian is redefining the luxury residential market in Brisbane and is unmatched in terms of its location, architectural design and amenity.

“The strong level of buyer demand indicates a healthy appetite in the market for design-driven, luxury product, with 116 of the 147 residences now under contract,” he says.

The in-house division Sunland Construction will commence early works in late June, with the project expected to be completed mid-2017.

Abedian says the Brisbane market is a key focus of the Gold Coast-based company’s growth strategy, with another residential tower planned for Toowong.

Abian is located at the entrance of the Botanic Gardens in the CBD and will include a concierge, swimming pool, gym and car parking.


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