FORCES UNITE ON LUXURY
Construction is well under way on two luxury townhouse projects in Brisbane’s inner-ring, with a Sunshine Coast developer and builder combining forces to infiltrate the city.
Noosa-based developer Lennium Group has engaged award-winning Mooloolaba-based construction company Vantage Building Group to construct two Brisbane projects worth $50 million. Wattle Grove in Cannon Hill will deliver 40 townhouses, while The Outlook at
Chermside will deliver 47, all designed by Spring Hill-based Mondo Architects.
Lennium Group operations manager Andrew Boyd said both townhouse projects were strategic sites for the company, which had solid residential footprints in both Brisbane and Victoria.
“We recently finalised the purchase of the 1.3ha Chermside site off-market for $3.7m, while the 8331sq m Cannon Hill site was secured for $3.2m in May 2016,” Mr Boyd said.
“Both townhouse projects are located in highly sought-after suburbs with great access to a wide range of community facilities, as well as being within the 10km ring of Brisbane’s CBD, so everything is in good proximity.”
Mr Boyd said Wattle Grove was almost sold out following a pre-launch release, with demand for The Outlook also expected to be strong when it launches..
Construction is well under way on both, with completion expected by February 2018.
“Both projects will deliver upmarket large three and four-bedroom townhouses in the $500,000 range, which is very competitive considering what is currently available in both Chermside and Cannon Hill,” Mr Boyd said.
He said a number of factors prompted the selection of Vantage Building Group for their construction.
“We’ve been impressed with the high quality of their apartment and townhouse projects,” he said. “We are confident that these two projects are the start of a long-term relationship between both parties.”
Noosa-based Lennium Group has engaged Mooloolaba construction company Vantage Building Group to construct two residential projects in Brisbane, worth $50 million.