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Queensland’s MarketPlace Warner Sells In Record Deal



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A private buyer managed by AMP Capital secured MarketPlace Warner for a history-making $78,350,000.

The centre, on a site area of 6.48 hectares, is the largest neighbourhood shopping centre sold in Queensland.

Warner is located 22 kilometres north-west of the Brisbane CBD.

MarketPlace Warner is securely anchored by Woolworths and Aldi and supported by 37 specialty tenants

The centre also includes a freestanding Goodstart Childcare and surplus land of 4,305 square metres, a development pad site of 2,345 square metres and an adjoining strata retail tenancy.

With a relatively low yield of 5.18 per cent the deal was brokered by JLL’s Jacob Swan and Sam Hatcher.

“The Centre was owned by a private family company for an extended period and underwent a significant, high quality refurbishment and expansion in 2013/2014,” Swan said.

“The ownership group have chosen to capitalise on the exceptional market conditions at present for prime retail assets.”

Hatcher said the centre’s availability was a rare opportunity which attracted interest from both major institutional and high net worth private buyers.

MarketPlace Warner is located on a site area of 6.48 hectares, only 22 kilometres north-west of the Brisbane CBD in the suburb of Warner.

It is the largest neighbourhood centre within the defined trade area and one of only two centres which includes an ALDI Supermarket.

The main trade area population is estimated at 53,290 at June 2016 and is projected to increase to 67,390 residents by 2036 with 29,380 in the primary trade area.

This reflects an average annual growth rate of 1.18% in the main trade area to 2036.

MarketPlace Warner is considered to be well-positioned to benefit from the area’s population growth due to the limited competition within the main trade area.

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Sunshine Coast’s Newest Town Centre Approved for Development



sunshine coast development

Australian property group Stockland has received development approval for the construction of an $830 million master-planned town centre on Queensland’s Sunshine Coast.

Stockland released a statement saying that they were ready to start construction before Christmas.

The development will cover an 18-hectare area on Queensland’s Sunshine Coast, creating a new town centre at Birtinya. The centre will comprise a 20,000sq m shopping centre, 60,000sq m of commercial space, entertainment premises, residential and hotel offerings, walkable waterfront along Lake Kawana and open green space.

The Birtinya Town Centre will also be integrated with commercial, health-related research facilities and high-density residential.

The first stage will be the $87 million Stockland Birtinya Shopping Centre.

“Our vision for the Birtinya Town Centre is to deliver a true people’s place, with lifestyle amenity for the community now and into the future,” Stockland managing director Mark Steinert said.

“With the regions’ above average population growth, 130,000 residents are forecast to live within the main trade area by 2031.”

The town centre will be centrally located on Kawana Way adjoining the Sunshine Coast Health Precinct, which incorporates the Sunshine Coast University Hospital, Sunshine Coast University Private Hospital, and the Sunshine Coast Health Institute.

The town centre will also be linked to Birtinya Island, Bokarina Beach and the Business Village via cycleways, walkways, boardwalks and bridges.

Upon completion of the first stage next year, the new centre will serve a primary trade area for 15,000 people, offering a diverse dining, entertainment and retail offering while providing 14,600 new full-time jobs.

Stockland has committed to a 5 Star Green Star rating for the shopping centre, featuring solar panels and end of trip facilities among other sustainability measures.

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Multiple options at vacant 3593sq m property



PREPARE your paddles, this auction is the Buderim land sale of 2017. This is a once-in-a-lifetime opportunity for the right buyer to secure a unique parcel of blue ribbon Buderim property.

This 3593sqm block of prime, flat land in an elevated north-facing position is cleared and ready to develop. With two-street frontage from Townsend Rd and Kestrel Ct and a 5m wide access to Wilguy Cres, this property offers multiple options for access.

This significant block provides ample room to build a signature Buderim residence, complete with pool and tennis court. Otherwise, capitalise on the rich Buderim soil and generous space to design an iconic Buderim garden.

This land also offers opportunities for sub-divisional potential, giving the new owners the financial security of a golden nest egg for years to come.

The last land opportunity of this size and location on top of Buderim, the logistics of duplicating a land parcel of this type are prohibitive, requiring the purchasing, clearing and developing of multiple house sites. This land is cleared and ready to build, with all the hard work done.

Only 800m from Buderim Village, it is a short walk to access shops, cafes, and restaurants.

The best of Buderim lifestyle is right at your fingertips. You will not find another property of this location and size, this truly is a unique opportunity to purchase a significant block of residential land on the top of Buderim.


35-37 Townsend Rd

Features: 3593sqm flat land, elevated north facing position, cleared and ready to develop, two-street frontage

Price: Saturday, December 9 at 12.30pm

Agent: Matt Diesel at Ken Guy Buderim

Contact: 0412053117

Inspection: Thursday, Friday 5pm, Saturday 12-12.30pm

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Beachside development to home 3000 new residents



sunshine coast development

STOCKLAND is closing in on its 50th sale of beachside blocks that won’t be ready for residents for at least a year.

Buyer demand is matching the developer’s expectations at the 20 hectare Bokarina Beach site, according to Stockland Sunshine Coast regional manager Ben Simpson.

He said works to connect the residential development with the Kawana Town Centre were progressing well.

Pylons have been driven beside Nicklin Way to form two side-by-side bridges that will cross the eastward expansion of Lake Kawana.


Stockland hopes the first residents at its Bokarina Beach development will be ready to move in by the end of 2019.
Stockland hopes the first residents at its Bokarina Beach development will be ready to move in by the end of 2019.Contributed

The existing junction of Nicklin Way and Lake Kawana Boulevard will also be upgraded so the latter extends east into the new development.

About 800 apartments and 300 homes will house between 2500 and 3000 people once the works are complete.

Earthworks started about a year ago and that activity stepped up earlier this year as sales for the southern end of the development opened.

Construction on the first homes is due to begin late next year and the first residents are expected to move in by early 2019.

The whole community will be developed in stages, with construction expected to be completed on the final stage by about 2020.

It will also have a commercial aspect which Mr Simpson said would be ground-floor retail and restaurants along the beachfront and northern boundaries.

He said nearly 50 blocks of land had been sold since June.

Property at the northern end of the development is expected to hit the market in the next month.

“We’ve had a lot of interest locally in the project,” Mr Simpson said.

Interest has also been registered from hotel developers as well as other third-party developers.

Mr Simpson said those discussions were ongoing.

He said the influx of residents attracted by the hospital and health precinct was also evident in sales for the Oceanside area as well as Stockland’s Aura development at Caloundra South.

About 20 per cent of sales at both have been health industry related.

Mr Simpson said he would have loved to have had the area developed and residents moved in by now but appreciated the support afforded by Sunshine Coast Council in pushing the Oceanside precinct forward.

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