Commercial and residential property news
LEND Lease and a consortium known as Exemplar Health have been appointed to build a $2 billion tertiary hospital at Kawana in the Sunshine Coast in Queensland.
The Sunshine Coast University Hospital (artist impression, right) will include 738 beds with the first stage due for completion in late 2016.
A statement released by Lend Lease this afternoon is copied below:
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The corporate giant, which occupies thousands of square metres of high-end space in the major capitals, has leased 500 square metres at the Emporio mixed used development at 2 Emporio Place, Maroochydore.
The seven-year lease is reported by the AFR as having two further five year options.
KPMG is reportedly paying $180,000 per annum to occupy the space, which equates to $360 per square metre, per annum. Colliers International and Savills leased the space on behalf of Reed Property Group.
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PLANS for a $3.3 billion new community, known as the Caloundra South project, have advanced with the Queensland Urban Land Development Authority approving the master plan.
The project will be developed over the next 20 to 30 years by Sydney based developer Stockland.
It will include a new commercial centre with about 650,000 square metres of space. It will also include up to 20,000 dwellings capable of accommodating some 50,000 people.
The master plan includes infrastructure, environmental protection, open space, community facilities, commercial uses and housing. It will also include a new town centre, three district centres, six neighbourhood centres and an industrial zone.
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HOMES which promise to provide “the most advanced eco-friendly design elements ever built in Australia” is being launched on the Sunshine Coast in Queensland.
The Coolum Residences will include photovoltaic roof tiles, insulated windows, wall ventilation and energy monitoring systems.
An announcement about the proposal and the developer – Japan’s largest home builder, Sekisui House, is copied below:
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WALL Street heavyweight Blackstone Group, which recently announced an $806 million buyout of the debt laden Valad Property Group, has withdrawn a high-profile hotel from the market.
The 22-year old Sheraton Noosa Resort and Spa in the Sunshine Coast has frontage to the Hastings Street retail strip, and mooring facilities to the Noosa Valley. With 176 rooms and on almost 10,000 square metres of land, Valad listed the hotel for sale in March, with price expectations of about $70 million.
Valad paid $93.6 million for the resort in 2007. The value has dipped to about $85 million, according to the AFR which reported the resort being withdrawn from sale.
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PLANS have fallen through to sell the Big Pineapple site on Queensland’s Sunshine Coast.
The 170 hectare site has been relisted for sale on behalf of receivers PPB. It’s being marketed by Ray White Special Projects.
It had been reported the site would be redeveloped into a car museum – but the advocates of this plan failed to complete a contract, according to the AFR which reported the relisting.
THE Queensland government has appointed commercial builder TF Woollam & Sons to undertake a $7 million upgrade of the Whitsunday Coast Airport terminal and passenger airport.
A government statement is copied below:
Minister for Infrastructure and Planning The Honourable Stirling Hinchliffe
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A UNITED States businessman has paid $23 million for Sunshine Coast’s Sirocco Plaza shopping centre. The Mooloolaba property was offloaded
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THE Azure Blue Kawana Lifestyle Community will be developed on a 6.3 hectare site at Wurtulla near Queensland’s Sunshine Coast.
The site will include 130 retirement village units with 48 serviced apartments, 70 luxury villas and a 96 bed aged care service, Blue Care executive director Stephen Muggleton told the AFR.
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BUDGET holiday makers are driving a surge in occupancy for humble caravan park accommodation – and many are staying for longer than they have in the past.
A change in the facilities offered by some caravan parks – including pools, playgrounds and tennis courts – has also contributed to the newfound buoyancy.
But so too has a lack of supply – caused by some caravan parks selling to developers, who exploit their often spectacular locations with apartments and commercial facilities.
Australian Bureau of Statistics tourism data showed occupancy levels in Queensland’s caravan parks increased substantially in the year to September 2009, the most recent figures available.
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A RECORD number of social housing is being developed in Queensland this year, as part of the Federal Government’s recent stimulus package.
And the ALP State Government has said it won’t let protesters get in the way of construction.
The Courier Mail reports about 3000 units worth $1.1 billion are set to be developed in the State.
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