Lang Walker Pays $10 Million For Amcor Petrie Paper Mill, Brisbane

Lang WalkerSYDNEY-based property developer Lang Walker has paid a speculated $10 million for a 30 hectare parcel of land, once part of Amcor’s Petrie paper mill, in Brisbane.

The off-market transaction is understood to have occurred in May. It’s reported Mr Walker will develop the estate, about 23 kilometres north of Brisbane, in three stages.

“Demand has already proven strong,” Mr Walker told The Australian. “With very limited marketing, we have already sold a third of the stage of the estate to businesses and investors from the local area.”

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Devine to Sell French Quarter Development Site, Brisbane, For $90 Million

DEVINE Properties has listed for sale Brisbane CBD residential development site, after abandoning plans to develop a $740 million village there.

The 4,000 square metre site was to make way for French Quarter, an apartment and retail complex bound by Alice, Albert and Margaret streets.

The site, which is being marketed by Ray White Transact’s Rick Bird and Brad Hanson, and Jones Lang Lasalle’s Geoff McIntyre and Seb Turnbull, was last valued at about $90 million.

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