LINK SET TO OPEN ITS DOORS AT PORTSIDE WHARF
Written on the 30 March 2015
APARTMENT owners will soon be able to move into Link at Portside Wharf, after Brookfield Residential Properties completed work on the project.
Sales on the property topped $13.5 million, after selling all of its 32 one-bedroom apartments in September last year.
Brookfield Residential Properties general manager Lee Butterworth says the apartment building's location and entry-level prices had attracted investors.
"Link was an appealing opportunity for savvy investors looking to capitalise on the benefits of offering a rental space with everything at its doorstep," Butterworth says.
"The speedy sell-out of Link proved there was a gap in the market that we were able to fill with the right product at the right time.
"Portside Wharf's proven ability to meet market demand and provide quality apartments in a timely manner gives buyers confidence in the precinct and ensures its continued success."
The four-level building is located at the main entrance to Portside Wharf, with 522sqm of retail space on the ground floor.
The area is set to benefit from an infrastructure boost with state government planning to invest more than $650 million into developing Kingsford Smith Drive into six lanes along with pedestrian, walking and cycle tracks.
"This enormous infrastructure investment will ensure Northshore Hamilton, of which Portside Wharf is the central hub, continues to grow as Brisbane's largest mixed-use, integrated residential community and urban renewal project," Butterworth says.
Brookfield Residential Properties' sixth building in the precinct, Pinnacle, is nearing completion and more than 66 per cent sold totalling $90 million.
Portside Wharf has more than 35 retailers including Dendy Cinema, IGA supermarket, Jetts Fitness and numerous restaurants.