REAL ESTATE INVESTMENT TRUSTS & FUNDSRESIDENTIAL PROPERTY

Mirvac launches new stage at Waterfront Newstead

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MIRVAC is taking registrations for the next stage its $1 billion Quay Waterfront Newstead community.

The $180 million 25-level building, located at 57 Skyring Terrace, Newstead, will be the fourth stage at Waterfront Newstead, after the successful launch of Pier, Park and Unison developments.

The development features one-, two- and three-bedroom apartments, as well as three- and four-bedroom sky pavilions. The two-bedroom apartments, with north-east views of the Brisbane River, are priced from $775,000.

“We have been inundated with enquires for this highly anticipated next stage of Waterfront Newstead and already have a waiting list of buyers keen to visit the sales centre as soon as possible,” said Stuart Penklis, head of residential at Mirvac.

The apartments were designed by Mirvac Design, with landscape architecture by RPS and will include amenities such as a wellness centre with a yoga studio, gymnasium and treatment areas, as well as a private penthouse-style kitchen, large dining space and wine room.

“We have created a building we believe will become a landmark of the Brisbane skyline and an iconic entrance to the Newstead precinct,” said Penklis.

Levels up to 19 will feature a maximum of seven apartments, with levels 20 and above featuring just three.

“People are recognising the location of Quay is truly unique, with the opportunities to live in such a premium riverside locale, particularly one just two kilometres from the Brisbane CBD, few and far between,” he said.

The site will also feature one of the largest rooftop entertaining areas in Brisbane, including a 25 metre infinity edge pool, barbeques, alfresco dining, herb and cocktail gardens and private lounges.

“In addition, more than 50 per cent of the site will be dedicated to open space and handed to Brisbane City Council, expanding neighbouring Waterfront Park. Our engagement with the community gave us an appreciation of just how special this park is to the community and we are thrilled to be enhancing both its landscaping and size so more people can enjoy its picturesque riverside location,” concluded Penklis.

The Quay Waterfront Newstead will also boast boutique retail on its ground level.

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