NEW­STEAD re­lease

$400 mil­lion project launch­ing to mar­ket

The Courier-Mail - Home - - FRONT PAGE - MELANIE BURGESS

THE first stage of a 920apart­ment de­vel­op­ment at New­stead will launch to the pub­lic next week­end.

Metro Prop­erty De­vel­op­ment’s New­stead Cen­tral was un­veiled to its VIP data­base be­fore Christ­mas – re­sult­ing in a 50 per cent sell­out – but will be of­fi­cially re­leased to the mar­ket on Satur­day.

Aqua, the first of five tow­ers in the $400 mil­lion project, will of­fer one- and two-bed­room apart­ments priced be­tween $399,000 and $699,000.

Its 149 apart­ments will be spread across 16 lev­els with a podium level pool, gym­na­sium and bil­liard room, plus ground floor re­tail.

The project’s sec­ond and third tow­ers will be re­leased in March.

Metro co-founder and chair­man David Devine said he was con­fi­dent New­stead Cen­tral would ex­ceed ex­pec­ta­tions.

“New­stead Cen­tral is lo­cated in the heart of New­stead, one of the city’s most ex­cit­ing and fastest grow­ing in­ner-city sub­urbs,” he said.

“It of­fers enor­mous in­vest­ment po­ten­tial: af­ford­able dwellings; ex­cel­lent in­fra­struc­ture; a num­ber of em­ploy­ment nodes nearby such as the Bank of Queens­land, Royal Bris­bane Hos­pi­tal, En­ergex and Tatts Group; and din­ing and shop­ping on its doorstep.”

Metro co-founder and mar­ket­ing di­rec­tor Ken Wood­ley said the apart­ments of­fered re­sort-style liv­ing.

“The level of res­i­dent fa­cil­ity that we have in­cor­po­rated into New­stead Cen­tral sets a new bench­mark in apart­ment liv­ing in Bris­bane,” he said.

“From a rental per­spec­tive, fa­cil­i­ties such h as man-made beaches, re­sort pools, six-star foy­ers and en­tries, sky ter­races and gyms will en­sure that New­stead Cen­tral is the num­ber one apart­ment de­vel­op­ment to live in, un­der­pin­ning rental yields and val­u­a­tions.”

On com­ple­tion, New­stead Cen­tral will com­prise 920 lux­ury apart­ments and ex­clu­sive fa­cil­i­ties in­clud­ing a re­sort-style recre­ation deck fea­tur­ing a la­goon pool, beach area, lap pool, plunge pool, out­door kitchen, sun­bathing deck, pic­nic ar­eas and mul­ti­pur­pose fit­ness stu­dio.

New­stead Cen­tral is on a 1ha site on the cor­ner of Strat­ton St and Ann St, ad­ja­cent to the iconic Water­loo Ho­tel and across from the Em­po­rium.

It is also within walk­ing dis­tance of the Gas­works and James St precincts and less than 1.5km from the Bris­bane CBD.

PRE­MIUM LO­CA­TION: New­stead Cen­tral is a short walk from fa­cil­i­ties.

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