GFA 7700 THE BOULEVARD IM Low Res

User Manual: GFA GFA-7700

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INTRODUCING THE BOULEVARD – BURANDA 5
EXECUTIVE SUMMARY 9
A CENTRAL INVESTMENT 10
A CENTRAL LOCATION 12
POSITIONED AT THE CENTRE
OF MAJOR TRANSPORT LINKS 14
INFRASTRUCTURE & INVESTMENT 16
A RARE DEVELOPMENT OPPORTUNITY 18
MARKET OVERVIEW 24
SALES PROCESS 26
Contents
BRISBANE’S LARGEST MIXED-USE
DEVELOPMENT OPPORTUNITY
Introducing THE
255 Logan road, Buranda
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
5
ON BEHALF OF THE VENDOR ANTHONY JOHN GROUP,
CBRE AS EXCLUSIVE AGENTS ARE PLEASED TO PRESENT
THE BOULEVARD, 255 LOGAN ROAD, BURANDA TO THE
MARKET.
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
7
The Boulevard represents a truly unique development opportunity which provides the perfect vehicle to
capitalise on the growing economy and strong residential demand within the Brisbane market.
Under the expertise of leading developer Anthony John Group, the Boulevard at Buranda comprises almost
two (2) hectares of prime inner city land which has been progressively amalgamated to create the ultimate
platform with the potential to become a world class Transport Orientated Development (TOD). With planning
approval and both local and State Government planning policy support, the project is ready to be commenced
immediately and can be developed to incorporate a variety of uses providing up to 154,000 sqm of Gross Floor
Area, with achievable building heights of up to 25 storeys.
The project is at the centre of major transport infrastructure and service lines, with Buranda Train Station,
Eastern and South Eastern busway directly bounding the site and the Pacific Motorway entrance within
500 meters. Positioned within the heart of Brisbane’s Southern Precinct, development of The Boulevard
will capitalise on projected future growth in population and employment underpinned by over $30 billion in
infrastructure and investment.
For further information please contact the exclusive CBRE marketing agents.
FLINT DAVIDSON
Director, Capital Markets,
Institutional Investments
t: + 61 7 3833 9701
m: +61 411 183 061
e: flint.davidson@cbre.com.au
DARREN COLLINS
Associate Director
Metropolitan Investments
t: +61 7 3833 9880
m: +61 404 781 787
e: darren.collins@cbre.com.au
MIKE WALSH
Associate Director
Metropolitan Investments
t: + 61 7 3833 9722
m: +61 401 059 741
e: mike.walsh@cbre.com.au
ADDRESS
The Boulevard, 255 Logan Road, Buranda, Brisbane
SITE AREA
19,140sqm*
TOWN PLANNING
District Centre (Corridor) Zone
Eastern Corridor Neighbourhood Plan – Buranda Station Core 2A Sub
LOCATION
Linked by 3 major public transportation corridors, The Boulevard site adjoins the Buranda Railway Station
and forms an interchange with major busway terminals, Buranda South East Busway Terminal, the Eastern
Busway. The site provides immediate access to the major freeways connecting Brisbane with the Domestic and
International Airport, Gold Coast and Sunshine Coast.
DEVELOPMENT POTENTIAL
The Boulevard is a mixed-use Transit Oriented Development (TOD) project with planning approval for
154,000sqm* of GFA catering for a variety of options and uses, as summarised below:
69,300 to 115,500sqm* of residential GFA or approximately 820 to 1,300 apartments, including hotel
(45-75% of GFA);
7,700 to 46,200sqm* of commercial office GFA (5-30% of GFA);
7,700 to 21,500sqm* of retail GFA, including a supermarket of up to 4,500sqm* (5-14% of GFA);
A maximum of 1,750 car parking spaces;
Other uses that can be developed within the overall GFA approval but included above are childcare,
gymnasium and cinema to name a few.
SALES PROCESS
For Sale via International Expressions of Interest closing 12pm (AEST), Thursday 30th October 2014.
*approximately
executive summary
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
9
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
11
A RARE OPPORTUNITY
Seldom does an opportunity arise to acquire a
2 hectare* site within 3km* of the Brisbane CBD,
particularly with such appealing development
drivers which underpin the rarity of The Boulevard.
The amalgamated parcel is the result of years of
strategic acquisitions and planning initiatives by
Anthony John Group underpinned by unparalleled
public transport infrastructure. These links are
fundamental to future project success to deliver a
landmark Transit Orientated Development (TOD)
opportunity. With no comparable development
opportunity of this scale available in Brisbane,
or across the eastern seaboard of Australia, an
incoming developer has the opportunity to create
one of Brisbane’s most strategic mixed-use projects.
PLANNING CERTAINTY AND DEVELOPMENT
FLEXIBILITY
At a time when mitigating planning risk and
minimising time to bring product to market is
paramount, The Boulevard offers preliminary
planning approval for up to 154,000sqm of mixed-
use GFA which streamlines the development
approval process due to the code assessable nature
of the approval. The GFA can be developed within a
wide ranging mix of uses, which coupled with the
favourable town planning parameters, provides
an incoming purchaser the flexibility for multiple
development possibilities to deliver product in
accordance with market demand and cycles.
A CENTRAL INVESTMENT
A CENTRAL LOCATION
Situated 3km* south of the Brisbane CBD on the
corner of Logan Road and O’Keefe Street, the
Boulevard at Buranda is centrally positioned
between major public transport and vehicular
networks including direct doorstep access to
Buranda Train Station and South-Eastern Busway
and Eastern Busway Corridor. The Boulevard is within
300 metres to the Pacific Motorway and underground
Clem Jones Tunnel which connect to the Brisbane
CBD, Domestic and International Airports and Gold
& Sunshine Coast. The site is also directly serviced
by established pedestrian and cycle ways which link
to nearby parks and recreation areas. Underpinned
by major transport corridors, the Boulevard offers
unparalleled access to Brisbane and South-East
Queensland’s major educational and health precincts
and commercial and retail hubs.
POSITIONED WITHIN ONE OF AUSTRALIA’S
FASTEST GROWING MARKETS
Strong macro and micro economic factors have driven
record levels of growth and development in Buranda
and surrounding South Brisbane catchment area.
According to Urbis (2014) Population and Employment
growth within the surrounding area is forecast
to grow at 4.2% and 3% respectively per annum.
The Boulevard Transit Orientated Development
(TOD) will be able to capitalise on this growth and
projected demand for residential, commercial and
retail product given the current limited supply and
competition within the surrounding area. In addition,
Buranda is underpinned by over $12 billion nearby
infrastructure and investment with an additional
$18 billion proposed over the next 15 years which
will help drive additional growth and development.
*approximately
LOGAN ROAD
LOGAN ROAD
OLD CLEVELAND ROAD
BROADWAY STREET
TAYLOR STREET
REIS STREET
HARROGATE STREET
O’KEEFE STREET
TOOHEY STREET
QUALTROUGH STREET
REDFERN STREET
LEWIS STREET
BURANDA STREET
DESHON STREET
MAYNARD STREET
LEONARD STREET
SALISBURY STREET
CORNWELL STREET
CLEVELAND STREET
LOGAN ROAD
LINCOLN STREET
JUNCTION STREET
REGENT STREET
CARL STREET
WOLESELY STREET
IPSWICH ROAD
+
PACIFIC MOTORWAY
BRISBANE
+
Bus Route
Bicycle Path
Train Station
Hospital
CLEM7
A CENTRAL location
LEGEND
BRISBANE
CBD
3KM
SOUTHBANK
3KM
BURANDA
BURANDA
The Boulevard is situated at the centre of major transport
networks and service corridors with direct doorstep access
to Buranda Train Station, South-Eastern Busway and Eastern
Busway Corridor and within 500 metres of major arterial links
including as the Pacific Motorway, Clem 7 Tunnel, Ipswich &
Logan Roads connect The Boulevard to Brisbanes major
employment nodes, entertainment and cultural hubs, health
and education precincts and domestic and international
airports.
PRINCESS
ALEXANDRA
HOSPITAL
STONES CORNER
RETAIL PRECINCT
SYDNEY
MELBOURNE
BRISBANE
CLEM7
13
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
Accessibility and walkability
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
15
POSITIONED AT THE CENTRE
OF MAJOR TRANSPORT LINKS
TO GOLD COAST
TO CITY & AIRPRORT
BRISBANE CBD
3KM / 10MINS DRIVE
SOUTHBANK
3KM / 10MINS DRIVE
PACIFIC MOTORWAY
IPSWICH ROAD
OLD CLEVELAND ROAD
LOGAN ROAD
13
14
Education
Transport Hospital
Recreation & Green space
Entertainment, Shopping & Dining
7
2
3
5
4
8
9
10
6
116
18
19
20
21
12
15
17
Suncorp Stadium 5.5KM
Queensland Performing Arts Centre 5KM
Cultural Centre and GOMA 5KM
The ‘Gabba’ Stadium 1KM
Woolloongabba Central (Coles) 1.4KM
Stones Corner Shopping & Dining Precinct 300M
Centro Buranda 290M
Howard Smith Wharves (Proposed) 4.6KM
Queens Wharf Precinct 4.3KM
Kurilpa Renewal Precinct 4.3KM
West End Dining and Café Precinct 3.8KM
South Bank Parklands 2.7KM
City Botanical Gardens 3KM
QUT Gardens Point 3KM
Southbank Institute of TAFE 2.6KM
UQ St Lucia 4.3KM
Griffith University 7KM
Mater Hospital 2KM
Lady Cilento Children’s Hospital
(next to the Mater) 2.2KM
Princess Alexandra Hospital 1KM
Greenslopes Private Hospital 3.5KM
Buranda Train Station
Buranda Busway
11
12
13
16 17
18
19
20 21
15
14
INFRASTRUCTURE
& INVESTMENT
17
Buranda and the surrounding catchment is one of the
fastest growing city localities in Australia with a forecasted
population growth of 4.2% per annum.
This growth has been underpinned by the significant
levels of investment on existing and future infrastructure
by both local, state and Federal Governments for over
$30 billion of major health, education, cultural and transport
projects. These investments are part of the Queensland
Infrastructure plan which alongside with local planning
framework, represent the largest public infrastructure
spending initiative in Australia’s history.
2014 2015 2016 20172004 2006
2005
2009
20082007
2001 2003
2002
2010 2011 2012 2013 2018 2019 2020 2021 2022 2023 2024 2025 2026
Brisbane Airport Runway Upgrade
$1,300M
Brisbane BaT Project
$5,000M
Eastern Busway (Stage 3-4)
$1,750M
Legacy Way Motorway $1,500M
QLD Cultural Precinct and Southbank $850M
GOMA $300M
Eleanor Schonell Bridge $56M
Clem7 Motorway $3,000M
Kurilpa Riverfront Renewal Masterplan
$1,000M
Boggo Road Redevelopment
$275M
Brisbane Riverwalk
$70M
Southpoint Mixed-Use Project
$650M
QLD Cultural Centre Extension
$225M
Northern Busway (Stage 3-4)
$2,200M
Kangaroo Point Bridge
$80M
Kingsford Smith Drive Upgrade
$650M
Howard Smith Wharves N/A
Queens Wharf Redevelopment
$4,000M
Eastern Busway (Stage 1-2) $426M
Northern Busway (Stage1-2) $444M
Airport Link Motorway $4,800M
Brisbane Convention and Exhibition
Centre $140M
Kurilpa Bridge $63M
Southbank TAFE $325M
Lady Cilento Children's Hospital $1,200M
$12,036M $18,300M
South East Busway $426M
Goodwill Bridge $23M
$30,000M
MAJOR INFRASTRUCTURE PROJECT TIMELINE
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
TOD Charactertisics Site
Assessment
Rapid and Frequent Transit Service 3
High Accessibility to Transit Station 3
Mix of residential, retail, commercial
and community uses
3
High quality public spaces and
streets which are pedestrian and
cycle friendly
3
Medium to high density development
within 800 meters of major transit
precinct
3
Reduced Rates of Private Car Parking 3
“This sub-precinct offers one of Brisbane’s foremost transit oriented
development opportunities. The frequency, convenience and connectivity of
services are outstanding and provide the platform for the creation of an
exceptional living, workplace and lifestyle hub. The scale and intensity of
development in this sub-precinct capitalises on the opportunity to establish
an exemplary mixed-use transit oriented development”
- BURANDA STATION CORE SUB-PRECINCT, Extract from the Eastern Corridor Neighbourhood Plan within the
Brisbane City Plan 2000.
a rare Development Opportunity
The Boulevard at Buranda has been designed to create a world class
transport orientated development within one of Australia’s strongest
markets. The project will be able to capitalise off the strong demand
for residential apartment product underpinned by unparalleled
transport facilities, health and education infrastructure.
FLEXIBLE DEVELOPMENT OPPORTUNITIES UNDERPINNED BY PLANNING CERTAINTY
Established town planning instruments provide certainty yet flexibility to adapt to changing market
conditions over the project time frame. The site has preliminary Approval from the Brisbane City Council
which supersedes the Brisbane City Plan 2000 and ensures that all future development applications are code
assessable requiring no public consultation*. Preliminary Approval has been acheived for 154,000sqm of GFA
and can be developed in any mix within the following limits:
69,300 to 115,500m² of residential GFA or approx. 820 to 1,300 apartments, including hotel. (45-75% of
GFA)
7,700 to 46,200m² of commercial office GFA (5-30% of GFA)
7,700 to 21,500m² of retail GFA, including a supermarket of up to 4,500m2 (5-14% of GFA)
A maximum of 1,750 car parking spaces
Other uses that can be developed within the overall GFA approval but included above are childcare,
gymnasium, cinema
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
DEVELOPER ARCHITECT
TOWN PLANNING
19
AN EXPERIENCED PROJECT TEAM
CBD VIEW CORRIDOR - L25
DEDICATED TOD PROJECT
Key Transit Orientated Development (TOD)
Characteristics (Urbis 2014):
* Excluding site 8 which requires impact assessable development.
CLEVELAND LINE TRAIN
BURANDA TRAIN STATION
BURANDA
BUSWAY
STATION
O’KEEFE STREET
LOGAN ROAD
GILLINGHAM ST
BASEMENT CARPARK ENTRY
BASEMENT CARPARK ENTRY
RESTAURANT
PRECINCT
GROUND CAR PARK ENTRY
BUILDING 1
6 STOREYS TOTAL
L1-L5
GROUND
BUILDING 3
12 STOREYS TOTAL
L1-L11
GROUND
BUILDING 2
28 STOREYS TOTAL
L4-L27
P1-P3
GROUND
BUILDING 4
7 STOREYS TOTAL
L1-L5
GROUND
LOWER GROUND
BUILDING 5A
31 STOREYS TOTAL
L5-L29
P1-P4
GROUND
LOWER GROUND
BUILDING 5B
21 STOREYS TOTAL
L5-L19
P1-P4
GROUND
LOWER GROUND
BUILDING 6
29 STOREYS TOTAL
L5-L28
P1-P4
GROUND
BUILDING 8
20 STOREYS TOTAL
L6-L19
P1-P5
GROUND
O’KEEFE STREET
LOGAN ROAD
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
21
proposed Development
BURANDA AREA SCHEDULE (GFA)
B1 B2 B3 B4 B5 B6 B8 TOTAL
Residential (GFA) 27,705 7,531 37,755 27,491 14,831 115,313
No of apartments
I Bedroom 129 32 188 134 66 549
2 Bedroom (sml) 69 20 65 96 56 306
2 Bedroom (lge) 92 30 130 96 56 404
3 Bedroom 16 4 24 17 9 70
Total Number 306 86 407 343 187 1,329
Office (GFA) 7,762 14,211 21,973
Retail (GFA) 379 656 314 1212 3011 4,136 2,234 11,942
Gym (GFA) 2,419 2,419
Childcare (GFA) 2,323 2,323
Other (GFA) 0
TOTAL GFA PER BUILDING 8,141 28,361 14,525 8,743 40,766 36,369 17,065 153,970
GROUND PLAN
TYPICAL TOWER PLAN
BURANDA
BUSWAY
STATION
The Boulevard’s design responds to the specific and unique nature of the site, accommodating the
distinctive requirements of a TOD and positioned to take advantage of the transport and view corridors
through modern and efficient design.
BUILDING 3 BUILDING 1BUILDING 2 BUILDING 6 BUILDING 4 BUILDING 5A BUILDING 5B BUILDING 8
proposed Design
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
23
The Buranda and surrounding catchment area of Woolloongabba, Coorparoo and Greenslopes is forecast to
become one of the major growth precincts within the Brisbane market, underpinned by strong population
and white collar employment growth, convenient accessibility to the Brisbane CBD and Southbank and strong
connectivity to major arterial roads and transport networks.
Market Overview
AUSTRALIA - ONE OF THE DEVELOPED WORLD’S LEADING ECONOMIES BRISBANE - AUSTRALIA’S NEW WORLD CITY
BURANDA - ONE OF BRISBANE’S FASTEST GROWING PRECINCTS
QUEENSLAND - LEADING AUSTRALIA IN GROWTH
$1.6 trillion economy
12th largest economy
6th in the world by GDP per Capita
22 years of economic growth
Triple A rated by standard
and Poors, Moody’s & Fitch
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
25
26,784
31,486 32,092
36,195
39,066
41,954
4,000
9,000
14,000
19,000
24,000
29,000
34,000
39,000
44,000
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
EstImated and Projected Population
Period (Annual)
- 634 new residents per annumForecast
Underpinned by strong economic credentials and a positive outlook for growth, Australia is arguably one of the
world’s leading economies and a great choice for business and investment.
The Queensland economy has historically led the nation in terms of GSP (Gross State Product), white collar
employment and population growth and has been above the national GDP average 22 out of the past 25 years.
It is forecast this will continue over the medium term underpinned by the mining and resource sector, improved
residential construction market, a rebound in international tourists and the Queensland State Governments
commitment to invest heavily in infrastructure projects.
Brisbane is Australia’s New World City and the fastest-growing mature city in the world. The past two decades
of strong population and economic growth have contributed to Brisbane’s economy reaching $135 billion,
accounting for 48% of Queensland’s total GDP.
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
% change in white collar employment
WHITE COLLAR EMPLOYMENT GROWTH, QUEENSLAND VS AUSTRALIA
Australia Queensland
Forecast
Source: Deloitte Access Economics, April 2014
0.0
1.0
2.0
3.0
4.0
5.0
6.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
% change in GDP/GSP
ECONOMIC GROWTH, QUEENSLAND -VS- AUSTRALIA
Australia Queensland
Forecast
Source: Deloitte Access Economics, June 2014
50% Employment growth by 2031
due to a doubling in the economy
over 14,000 new residents
per annum
AUSTRALIA’S FASTEST GROWING AIRPORT
3,300 FLIGHTS PER WEEK
$142 BILLION COMMITMENT TO MINING
RESOURCES AND INFRASTRUCTURE BASED
PROJECTS AND DEVELOPMENT
INCREASING POPULATION
Projected population growth at 4.2% per
annum to 2031.
FORECASTED EMPLOYMENT GROWTH HIGHER
THAN THE BRISBANE CBD
Historical Annual Average Job growth at 3%
per annum – higher than the Brisbane CBD at
1.8%
Forecast requirement for 22,985 new jobs
between 2014 to 2031.
SERVICES ONE OF AUSTRALIA’S LARGEST
EDUCATION PRECINCTS
12 Educational institutions located within 15
minutes drive of Buranda supporting over
140,000 students.
A 100% INTEREST IN
255 LOGAN ROAD,
BURANDA IS OFFERED FOR
SALE VIA INTERNATIONAL
EXPRESSIONS OF
INTEREST.
1. Parties interested in acquiring 255 Logan Road,
Buranda and approved by the Vendor, will
receive the Information Memorandum and will
be granted access to a virtual data room upon
execution of a confidentiality deed.
2. Interested parties are invited to submit a bid
through an International Expression of Interest
to purchase the property to the appointed
agents by 12pm AEST Thursday 30th October.
Expressions of Interest should include, but are
not limited to the following information:
Name and details of proposed purchasing entity;
Offer price;
Details of capacity to complete the transaction
including need to raise equity and or debt;
Details of any conditions or approvals required;
Timetable for due diligence, execution of
contract and settlement;
Contact details.
FLINT DAVIDSON
Director
Capital Markets,
Institutional Investments
t:+ 61 7 3833 9701
m:+61 411 183 061
e: flint.davidson@cbre.com.au
DARREN COLLINS
Associate Director
Metropolitan Investments
t:+61 7 3833 9880
m:+61 404 781 787
e: darren.collins@cbre.com.au
MIKE WALSH
Associate Director
Metropolitan Investments
t:+ 61 7 3833 9722
m:+61 401 059 741
e: mike.walsh@cbre.com.au
Sales Process
© 2014 This document was prepared by CBRE Pty Ltd
and approved Anthony John Group to be distributed.
The information in this document is general in
nature and is a guide only. Nothing in this document
is intended to constitute advice (including advice
about financial products or services) and, before
acting, interested parties should make their own
enquiries and seek independent advice about all of
the information in this document as it does not take
into account your individual circumstances. CBRE
does not warrant the accuracy of any information
in this document, some of which may have been
obtained from other people, and which has not been
confirmed by CBRE. Figures quoted are approximate
only, are subject to change, and do not take account
of the possible impact of GST. The information
must not be relied upon to make any investment
decisions. Subject to any statutory limitation on its
ability to do so, CBRE disclaims liability under any
cause of action whatsoever, including negligence,
for any loss arising from use of or reliance upon this
document, your failure to verify the information or
seek appropriate advice. Where information in this
document relates to the sale, purchase or lease of
property in a particular jurisdiction, it is provided
on behalf of the member of the CBRE group which
is a licensed real estate agent in that jurisdiction.
CBRE respects your privacy and is bound by the
National Privacy Principles. If you would prefer to
be removed from this mailing list, please contact
our Privacy Officer via +61 2 9333 3333 or email
privacy@cbre.com.au. A copy of our Privacy Policy
can be viewed at http://www.cbre.com.au/Pages/
privacypolicy. aspx and http://www.cbre.com.au/
Pages/ Australia-Privacy-Statement.aspx.
Disclaimer
255 LOGAN ROAD | BURANDA | BRISBANE | QUEENSLAND
26

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