FORCES UNITE ON LUX­URY

The Courier-Mail - Home - - SPACIOUS TOWNHOUSES - BELINDA CHILTON

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.

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