MILK CREAMING IT
TOWNSVILLE is poised for recovery with Adani’s Carmichael coal project likely to kickstart the region’s economy for years to come, property investor Warren Ebert says.
Mr Ebert was in the city yesterday looking at more potential acquisitions for the unlisted property fund Sentinel.
The fund could invest more than another $ 40 million here to add to its holdings which include the OneSteel Reinforcing industrial warehouse at Garbutt and the Woodlands shopping centre at Deeragun.
Mr Ebert said they had seen a lot of improvements in the economies at Mackay and Emerald.
“I think it’s only going to take a big project to kick Townsville off,” Mr Ebert said. “Once Adani happens, that opens up other projects in the Galilee Basin and then it’s on for young and old. North Queensland will be booming.”
Mr Ebert said companies serving the mining industry at Mackay already were seeing skill shortages.
At Emerald, where Sentinel owned a shopping centre, the group had signed 13 new leases since October and turnover was increasing. MILK Espresso Garden has reopened in Bayswater Rd at Hyde Park after a major refurbishment and new menu.
The cafe opened on Monday replacing Urban Crust and has been doing a roaring trade since opening the doors.
The space, which has been leased for three years has undergone a transformation inside and out with new plants being planted outside in the garden.
Owner Ben Kim who also owns Milk Espresso at Stockland Shopping Centre and MJ & Co Espresso Bar on Flinders St said he was expecting plenty of customers from nearby Mater Hospital and St Margaret Mary’s Catholic College.
“This actually used to be Milk ... before Urban Crust was here ... and now it’s back to Milk,” he said.
“You have the hospital and school so those two things are major ( source) of customers for me.
“It’s been busy, people are liking it and we’ve got a new menu.
“We’re ensuring that we have got really nice quality food and we have great coffee which is really important.”
Milk Espresso Garden is open Monday to Friday for breakfast and lunch and breakfast on Saturdays.
It’s been busy, people are liking it and we’ve got a new menu