Connect with us

Ipswich

Springfield Seeks Development Partner for Brookwater Site

Development

 

Maha Sinnathamby’s Springfield City Group is seeking a joint venture partnership to develop an infill residential project in Brookwater, about 25 kilometres south of Brisbane.

The 133-141 and 143-163 Brookwater Drive property spans a 3.7-hectare site, located within the Brookwater Golf Course and residential estate.

The land parcel is situated within the approved Brookwater urban village precinct plan, and more broadly within the Greater Springfield masterplanned development area, the brainchild of billionaire developer Sinnathamby.

Under the precinct plan the site has a development height limit of two and three-storeys, and is designated as both “community residential”, and “open space”.

Marketing materials say the site offers a range of uses including townhouse, terrace, apartment, accommodation, short term accommodation, hotel or resort opportunities, subject to council approval.

property development

Ray White Special Projects directors Mark Creevey and Tony Williams are helming the expressions of interest campaign.

“The elevated site has 430 metres of direct frontage to the ninth and 18th holes of one of Queensland’s best championship golf courses,” Creevey said.

Earlier this year, Sinnathamby tapped investment bank Moelis Australia to find a development partner to “turbocharge” the Springfield city project, which is currently only 25 per cent completed.

The privately-developed city has a potential end value of $88 billion.

At least $18 billion dollars has already been invested, with a further $70 billion needed to fully realise the masterplan.

Eighty-year-old Sinnathamby purchased the 2860-hectare site for $8 million in 1992.

Together with business partner Bob Sharpless, the developer has since transformed the once barren Ipswich site into a master-planned city, comprising housing estates, a health precinct, Mirvac’s Orion shopping centre, parkland and office towers.

Springfield has a current population of 45,000, which it expects to grow to 80,000 by 2030.

Privately-owned ADCO Constructions started construction on the new $44 million Springfield Central station parking upgrade this week.

The new multi-level facility, announced by the state government earlier this year, is located at the corner of the Centenary Highway off-ramp and Springfield Greenbank Arterial Road.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Ipswich

Ipswich community feedback called for Richardson Park design

Richardson Park design, Ipswich

Residents and families can share their thoughts on modern amenities, beautified landscaping and an immersive ‘river life’ playground that are detailed in council’s concept plan for upgrading Richardson Park in Goodna.

Growth, Infrastructure and Waste Committee Chairperson Ipswich Mayor Teresa Harding said the detailed concept design was developed using the community feedback council received in February.

“The playground, amenities block and exercise equipment in Richardson Park are in need of replacing, and an upgrade will provide a renewed space that highlights the special local environment for young and old,” Mayor Harding said.

“All amenities and exercise equipment will be upgraded and the new playground centrepiece will be a ropes and climbing structure, creating a river life-themed playground suitable for young children to play on and explore imaginary waterways.”

IF Richardson Park Detailed Concept Design A

If Richardson Park Detailed Concept Design B

Growth, Infrastructure and Waste Committee Deputy Chairperson and Division 2 Councillor Paul Tully said the community can view and share feedback on the concept design on Shape Your Ipswich.

“Important features of the concept design include a nature area with a dry creek bed and water play equipment, more seats to take in the wonderful views of the Brisbane River, retention of the magnificent Jacaranda trees and more garden beds,” Cr Tully said.

“The detailed concept plan also includes improved lighting for security and safety, renovated and accessible toilets and more modern fitness equipment.”

Division 2 Councillor Nicole Jonic said the community can share their thoughts about the detailed concept plan online now until the end of the month.

“The concept plan has reimagined Richardson Park including open green spaces for picnics near the existing flying fox as well as a looped path for exercise,” Cr Jonic said.

“I encourage residents to again take part in our community consultation process and tell us what they like or want added to the final design of the park.”

Construction is scheduled to begin next financial year.

 

 

Article source: www.ipswichfirst.com.au

Continue Reading

Ipswich

Ipswich infrastructure critical to keep Queensland’s fastest-growing region moving

Ipswich infrastructure critical to keep Queensland’s fastest-growing region moving

Infrastructure critical to the future of Ipswich’s major population centres is in desperate need of significant investment, with no Federal election candidate yet committing investment to prevent gridlock from stunting economic productivity, future growth and the region’s liveability.

Ipswich Mayor Teresa Harding said the Centenary Highway was one significant area that needed urgent planning, design and delivery of critical upgrades that were already lagging behind the population boom.

“As the Federal election draws near, council is calling on candidates to invest in the fastest-growing city in Queensland,” Mayor Harding said.

“Ipswich has the most rapid population growth of any local government area in Queensland with 6,000 new residents each year.”

Mayor Harding said that population growth was centred on hotspot areas connected by the Centenary Highway – including Greater Springfield, Ripley Valley Priority Development Area and Redbank Plains.

“That population growth is set to continue with an abundant pipeline of new land for housing along that corridor,” Mayor Harding said.

Mayor Harding said the Centenary Highway in particular, was essential to the movement of people and freight around South-East Queensland.

“Without public transport options – such as the Ipswich to Springfield Central Public Transport Corridor –hundreds of thousands of new residents and businesses will be forced to use the highways, leading to congestion and putting the brakes on the economic and social growth for the whole region,” Mayor Harding said.

Deputy Mayor Division 1 Councillor Jacob Madsen said Ripley Valley was deemed a Priority Development Area (PDA) by the State Government, but coordinated action from all levels of government was required to address a $92 million catalytic funding shortfall.

“We are preparing for another 120,000 new residents moving into the Ripley corridor over the next 20 years – as well as other new housing developments in surrounding areas – and significant upgrades are required to the Centenary Highway and associated road network to cater for this growth,” Cr Madsen said.

Division 1 Councillor Sheila Ireland said the Ripley Valley PDA was one of the largest growth areas in Australia, covering 4,860 hectares and set to have a total of 135,000 people in 50,000 dwellings.

“We are only at the beginning of the boom in Ripley Valley. If the State and Federal governments are serious about liveability in South-East Queensland they will invest in the infrastructure this nationally-significant area needs before it is too late,” Cr Ireland said.

Division 2 Councillor Paul Tully said the current state of the Centenary Highway with the 60km/hr roundabouts and single-lane 100km/hr sections was already struggling with the growing volume of traffic.

“It is critical that these upgrades are planned and funded by the State and Federal governments to confirm interchange locations and configurations and unlock the ongoing development of the Springfield region, Ripley and beyond,” Cr Tully said.

Division 2 Councillor Nicole Jonic said council was calling for immediate action on the planning of corridor duplication and the Centenary Highway/Augusta Parkway interchange.

“Ipswich is a high-growth city that requires investment in strategic roads to ensure people and freight continue to move safely and efficiently,” Cr Jonic said.

 

 

Article source: www.ipswichfirst.com.au

Continue Reading

Ipswich

Drinks making giant brings the fizz to Ipswich with $400m project

Drinks making giant brings the fizz to Ipswich with $400m project

International beverage company Frucor Suntory will develop a $400 million facility in Ipswich.

The project was expected to generate about 45o jobs during construction next year and 160 operational jobs from 2024.

Among Frucor’s brands are V, Pepsi, Mountain Dew and 7Up.

The company has found a 17-ha greenfield site in the New-Gen Business Park at Swanbank.

Chief executive Darren Fullerton said the investment recognised the growth trajectory the company believed was possible.

He said the company wanted the new facility is set a benchmark for its investment in sustainable technologies that would also drive efficiency and minimise the carbon footprint.

The facility would include beverage processing, packaging, warehousing and distribution.

“Pending approvals we’re planning to start work on construction in the third quarter of this year and commence operations in mid-2024,” Fullerton said.

Premier Annastacia Palaszczuk said it was a coup for the state given that Queensland was selected ahead of other states.

“The value of attracting this investment to Queensland will have significant benefits for our economic recovery and most importantly it will create new jobs for Queenslanders,” she said.

 

Article Source: inqld.com.au

Continue Reading

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

gold coast property management

Trending