The Courier-Mail

Mir­vac to de­velop $850m Ea­gle Farm pro­ject


AN $850 mil­lion residentia­l de­vel­op­ment that is ex­pected to “as­sure” the fu­ture of bluechip Bris­bane sub­urb As­cot has moved a big step closer.

Bris­bane Rac­ing Club yesterday an­nounced it had cho­sen na­tional prop­erty de­vel­op­ment group Mir­vac to part­ner the club in a mas­sive re­vamp of the his­toric race­course area and its residentia­l of­fer­ings.

Three de­vel­op­ers were in the run­ning for the Ea­gle Farm Residentia­l Precinct pro­ject, which was ex­pected to see “sig­nif­i­cant ur­ban re­gen­er­a­tion” of the area.

The de­vel­op­ment precinct cov­ers 54,000 square me­tres along­side Ea­gle Farm race- course, lo­cated 6km out­side Bris­bane’s CBD.

The con­tract in­volves Mir­vac de­liv­er­ing the $850 mil­lion residentia­l precinct, which com­bines horse rac­ing with “Bris­bane’s new­est des­ti­na­tion for food, re­tail and lush public park­land”.

A range of one, two and three-bed­room apart­ments were ex­pected to make up the residentia­l port­fo­lio.

No date has yet been set for the ground­break­ing re­vamp, but it is an­tic­i­pated to be mid next year, around the time ma­jor re­de­vel­op­ment of the race­course is com­pleted.

Bris­bane Rac­ing Club chair­man Neville Bell was con­fi­dent the de­vel­op­ment would keep the race­course as the Queens­land epi­cen­tre of thor­ough­bred rac­ing and breathe new life into the area.

“We are pleased to welcome (Mir­vac) to this ex­cit­ing ven­ture,” he said. Mir­vac head of residentia­l John Carfi said the pro­ject would “as­sure As­cot’s fu­ture”.

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