Mariner's Peninsula, QLD

MARINER'S PENINSULA MWRDP
MARINER'S DRIVE, NORTH WARD,
TOWNSVILLE, QLD

DESCRIPTION

Mirvac purchased the Mariner's Peninsula site in 2006. The site is located on 'The Strand' in Townsville and enjoys 270○ views across the adjacent marina and Cleveland Bay. Stage 1 of Mariners Peninsula – The Stanton Apartments was acquired by MWRDP in 2007.

SUMMARY INFORMATION – 31 December 2011 
IN PROGRESS 
ACQUISITION DATEJun 071
LOCATIONTownsville
PROJECT VALUE (INCL. GST)$88m
TOTAL LOTS101
PROJECT PERIODmid 2007 – dec 2011
OWNERSHIP STRUCTURE100% MWRDP
(Mirvac Limited 20%
equity interest)

UPDATE

Construction began in October 2007.

Settlement is complete.

1) Transaction date.