According to The Australian Financial Review, Mirvac has acquired two more house and land development sites in Brisbane's north for $18.6 million as it continues to expand its middle-density portfolio in Queensland.
The group acquired a site at Plucks Road, 11 kilometres from the Brisbane CBD for $5.35 million, which can yield 77 three and four bedroom town homes, each with two car parks, along with three home sites. Colliers International's Adam Rubie and Brendan Hogan brokered the deal.
It also bought a six-hectare parcel at Ashmore Street in Everton Park, seven kilometres from the CBD for $13.25 million, through Ray White's Matthew Fritzsche and Andrew Burke.
The planned development at Everton Park will feature 139 lots, including 54 home sites and 85 three and four-bedroom town homes, all with double lock-up garages. There will also be a pool and a recreation centre as well as a restored heritage Queensland home at the community's entrance.
"We are actively pursuing opportunities and progressing projects in key growth precincts across south-east Queensland and see Brisbane's middle suburban ring as a prime location," Mirvac Queensland residential general manager Warwick Bible said.
"Demand for home sites and town homes in this precinct remains extremely strong and we believe these planned new developments will also be well received."
Mirvac is anticipating launching both communities next year, pending approval from council.
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