According to The Australian Financial Review, Maple Development Group, an arm of Chinese developer Peng Bo, has been given planning approval for its largest residential project yet, a $200 million apartment tower in central Brisbane's Quay Street precinct.
The Rothelowman design for the mixed use project comprises 255 apartments, a five-star serviced apartment building, commercial offices and podium-level shopping and dining across two 30- and 35-storey buildings.
"Brisbane has in recent years experienced a period of evolution and significant growth, primarily focused on quality riverfront amenity and experiences, which make the most of the city’s climate and riverine landscape,” Maple's group development manager, Gilbert Zhu, said.
Maple, a subsidiary of Hebei Province-based developer Peng Bo, has been pursuing a series of residential and commercial projects in south-east Queensland over the past five years. Two years ago, it launched Arcadia Apartments, a boutique 29-unit project in Indooroopilly.
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