207 Wharf Street, Brisbane
For its first project, Land & Homes entered into agreement to purchase a commercial property at 207 Wharf Street, Brisbane for redevelopment as its initial model residential project. The site is a prime residential apartment location with great elevation on the highest peak of Brisbane offering excellent views within walking distance of the CBD.
The settlement of the property purchase at 207 Wharf Street, Brisbane was completed on 24 Feb 2016.
The Wharf street precinct is undergoing a significant enhancement in value and development potential through the introduction of the new Spring Hill Neighbourhood Plan (SHNP) expected in early 2016.
This new town planning scheme envisions the precinct as a logical extension of the Brisbane CBD. The SHNP will allow a substantial increase in the permissible height of new buildings and a commitment to improvements in the local civic amenities to encourage growth in the residential community.