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Waterfront MWRDP
1 NEWSTEAD TERRACE, NEWSTEAD, QLD
DESCRIPTION
Waterfront, Newstead is a premium residential, retail and parkland development, located on a prime 10.5 hectare, north-east facing riverfront site. The site is located in the inner city suburb of Newstead which is 2km from the Brisbane CBD and 8km for the Brisbane Airport.
| SUMMARY INFORMATION – 31 DECEMBER 2011 | ||
|---|---|---|
| IN PROGRESS | ||
| ACQUISITION DATE | Jun 081 | |
| LOCATION | Newstead | |
| PROJECT VALUE (INCL. GST) | $352m | |
| TOTAL LOTS (approx) | 99 | |
| PROJECT PERIOD | mid 2008 – mid 2014 | |
| OWNERSHIP STRUCTURE (excludes Pier Stage) | 100% MWRDP (Mirvac Limited 20% equity interest) | |
UPDATE
Stage 1, comprises 99 luxury 3 and 4 bedroom and penthouse apartments across 2 buildings. The Pier buildings are located with a north-east aspect fronting the Brisbane River and represent the most prestigious apartments to be offered at Waterfront. The size of the apartments range from 180sqm to 380sqm (net) with he Grand Penthouse over 500 sqm. Construction was completed in March 2011. 50 lots have settled to date with 49 lots remaining.
1) Transaction date.