As featured exclusively in The Australian, our recent acquisition of two new Brisbane sites, marking our expansion into Queensland’s top-end residential and office markets.
The two sites are located in Kangaroo Point and Newstead, and will be developed into luxury projects with a combined end value of $165m. Both projects will be funded by Pallas Capital, the non-bank lender arm of Pallas Group.
“The timing is right as we see record-breaking activity in the off-the-plan luxury market in Brisbane, alongside record prices being achieved in square metre rates. We are confident that both projects will be well received, and we are excited to be delivering them to the Brisbane property market.” Charles Mellick, Director, Fortis.