Lancini in move to CBD

Townsville Bulletin - - NEWS - TONY RAGGATT busi­ness editor tony. raggatt@ news. com. au

DE­VEL­OPER Lau­rence Lancini is mov­ing shop but not from Townsville.

The manag­ing di­rec­tor of Lancini Prop­erty and Devel­op­ment and North Queens­land Cow­boys chair­man con­firmed yes­ter­day his group was shift­ing from its prom­i­nent Gar­butt premises after 24 years.

How­ever, spec­u­la­tion he was leav­ing Townsville was mis­placed.

“I’m not mov­ing from Townsville. I love Townsville,” Mr Lancini said. “I’ve de­cided I’m go­ing to move from ( Gar­butt) and re­de­velop that site.”

Mr Lancini has been in­volved in the prop­erty in­dus­try for more than three decades, grow­ing his com­pany from a Townsville- based home con­struc­tion busi­ness to a statewide op­er­a­tion in­volved in all facets of prop­erty devel­op­ment, par­tic­u­larly re­tail and com­mer­cial projects.

He said he had ac­quired an of­fice build­ing in the CBD at 52 Walker St.

Mr Lancini plans to move his group’s Townsville of­fice into that prop­erty early next year and re­tain an of­fice in Bris­bane, where he has also traded for many years.

Mr Lancini said he had first bought the prom­i­nent site on Dal­rym­ple Rd with a view to re­de­vel­op­ing it.

“I have got some ideas but I’m not quite ready to dis­close what they are,” Mr Lancini said. “I want to fin­ish what I’m do­ing in the city first.”

The Lancini group has de­vel­oped the City Lane and City Arcade projects in Flin­ders St.

The com­pany is re­de­vel­op­ing and ex­pand­ing the City Point shop­ping cen­tre at the cor­ner of Sturt and Stokes streets. Ten­ants, in­clud­ing the Com­mon­wealth Bank, are ex­pected to move in later this year.

The Lancini group is also de­vel­op­ing ware­house fa­cil­i­ties for its busi­ness at Cor­po­rate Cres, Gar­butt.

The Walker St prop­erty, op­po­site the law courts, has a free­stand­ing of­fice build­ing and plenty of park­ing.

It is cur­rently home to de­vel­oper Lendlease which is be­lieved to be re­lo­cat­ing to of­fices in Den­ham St.

Mr Lancini said he wanted to move his of­fice be­cause he be­lieved ev­ery­one needed to sup­port the CBD.

“In the next three or four years we will look back and say, how great is this city,” he said. “I have great faith in the CBD. “When the sta­dium and other things hap­pen, I think we will see a changed en­vi­ron­ment.”

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