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ADVERTORIAL

Cascading vertical gardens, waterfalls and exceptional

six-star resort-style facilities close to the city have made

Newstead Central a winner with buyers

NEWSTEAD CENTRAL

DELIVERS 211 SALES IN 10 DAYS

“The level of resident

facility that we have

incorporated into

Newstead Central

sets a new benchmark

in apartment living

in Brisbane.”

S

tage 1 of Metro Property

Development’s Newstead Central

project has been so successful the

company has fast-tracked the next two

stages of the development to market.

All 149 units in Stage 1 sold out quickly

following its release in December and half

the units in Stages 2 and 3 sold in just 10

days, bringing total sales for the project to

more than $110 million this year.

On completion Newstead Central will

include five towers and more than 900

apartments. Metro Property Development

managing director Luke Hartman says

demand for the latest Newstead Central

release reflects the strength of Brisbane’s

inner city apartment market and Metro’s

reputation for quality and value.

“The scale of Newstead Central makes

it a landmark project for Brisbane and for

Metro,” he said. “The site’s size and location

means we have been able to incorporate

a diverse array of features and facilities

without compromise.”

Newstead Central will feature extensive

resort style lagoon pools, multi-million

dollar man-made beaches with a waterfall

cascading two and half storeys down to

Ann Street forming the centerpiece of 6-star

main entry.

Newstead Central’s first tower, Aqua

Newstead is already under construction

on the corner of Stratton and Ann Streets.

Stage 2, called Laguna, at 1055 Ann Street,

has 193 apartments, including 79 one

bedroom apartments, 88 two bedroom, two

bathroom apartments and 26 units with an

additional multi-purpose room. Stage 3, to

be called St Tropez, includes 231 luxury one

and two bedroom apartments on 20 levels.

The combined value of the first three

stages of the project is nearly $300 million.

The 10,000sqm site at Newstead is at the

gateway to Brisbane’s inner city, less than

two kilometres from the CBD.

Metro Development co-founder Ken

Woodley says Newstead has become one

of the city’s most important growth hubs.

“James Street has set the benchmark

for retail and dining in Brisbane and with

the recent addition of a number of major

employers, the area is set to continue

growing well into the future.”

Metro general manager sales and

marketing Peter Hobbs says the apartments

offer resort-style living with unprecedented

resident facility with an inner-city edge.

“The level of resident facility that we have

incorporated into Newstead Central sets

a new benchmark in apartment living in

Brisbane. The exceptional facilities will

ensure that Newstead Central is the number

one apartment development to live in,

underpinning rental yields and valuations.”

Facilities include a densely vegetated

resort-style recreation deck, providing

exclusive resident use of a lagoon pool,

beach area, lap pool, plunge pool, outdoor

kitchen/barbecue, sunbathing deck, picnic

areas and a multi-purpose fitness studio.

The development is across the road from

Emporium, a retail and dining precinct of

35 specialty retailers, luxury boutiques and

home to the stylish Emporium boutique

hotel. Newstead Central also is within

walking distance to the $1.1 billion Gasworks

redevelopment and James Street – both

renowned for their restaurants, cafés, bars

and shops.

Chinatown and Brunswick Mall in

Fortitude Valley are also nearby offering

a variety of restaurants, shops and

supermarkets, weekend markets and are

the centre for events including Chinese New

Year and the Valley Siesta.

Metro Property Development was created

in 2010 by David Devine and business

partners Ken Woodley and Luke Hartman.

The company currently has a portfolio of

46 active projects concentrating on quality,

affordable residential high-rise projects and

broad acre land development in Queensland,

Victoria and South Australia.

For more information visit

www.metroprop.com.au

42

| BNE May/June 2015