Cascading vertical gardens, waterfalls and exceptional
six-star resort-style facilities close to the city have made
Newstead Central a winner with buyers
DELIVERS 211 SALES IN 10 DAYS
“The level of resident
facility that we have
sets a new benchmark
in apartment living
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
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
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
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 visitwww.metroprop.com.au
| BNE May/June 2015