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Contents
INTRODUCING THE BOULEVARD – BURANDA
5
EXECUTIVE SUMMARY
9
A CENTRAL INVESTMENT
10
A CENTRAL LOCATION
12
POSITIONED AT THE CENTRE
OF MAJOR TRANSPORT LINKS
14
INFRASTRUCTURE & INVESTMENT
16
A RARE DEVELOPMENT OPPORTUNITY
18
MARKET OVERVIEW
24
SALES PROCESS
26
BRISBANE’S LARGEST MIXED-USE
DEVELOPMENT OPPORTUNITY
Introducing THE
255 Logan road, Buranda
255 LOGAN ROAD
|
BURANDA
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BRISBANE
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QUEENSLAND
5
MIKE WALSH
Associate Director
Metropolitan Investments
t: + 61 7 3833 9722
m:+61 401 059 741
e: [email protected]
QUEENSLAND
DARREN COLLINS
Associate Director
Metropolitan Investments
t: +61 7 3833 9880
m:+61 404 781 787
e: [email protected]
|
FLINT DAVIDSON
Director, Capital Markets,
Institutional Investments
t: + 61 7 3833 9701
m:+61 411 183 061
e: [email protected]
BRISBANE
For further information please contact the exclusive CBRE marketing agents.
|
The project is at the centre of major transport infrastructure and service lines, with Buranda Train Station,
Eastern and South Eastern busway directly bounding the site and the Pacific Motorway entrance within
500 meters. Positioned within the heart of Brisbane’s Southern Precinct, development of The Boulevard
will capitalise on projected future growth in population and employment underpinned by over $30 billion in
infrastructure and investment.
BURANDA
Under the expertise of leading developer Anthony John Group, the Boulevard at Buranda comprises almost
two (2) hectares of prime inner city land which has been progressively amalgamated to create the ultimate
platform with the potential to become a world class Transport Orientated Development (TOD). With planning
approval and both local and State Government planning policy support, the project is ready to be commenced
immediately and can be developed to incorporate a variety of uses providing up to 154,000 sqm of Gross Floor
Area, with achievable building heights of up to 25 storeys.
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The Boulevard represents a truly unique development opportunity which provides the perfect vehicle to
capitalise on the growing economy and strong residential demand within the Brisbane market.
255 LOGAN ROAD
ON BEHALF OF THE VENDOR ANTHONY JOHN GROUP,
CBRE AS EXCLUSIVE AGENTS ARE PLEASED TO PRESENT
THE BOULEVARD, 255 LOGAN ROAD, BURANDA TO THE
MARKET.
7
executive summary
SITE AREA
19,140sqm*
BURANDA
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BRISBANE
LOCATION
Linked by 3 major public transportation corridors, The Boulevard site adjoins the Buranda Railway Station
and forms an interchange with major busway terminals, Buranda South East Busway Terminal, the Eastern
Busway. The site provides immediate access to the major freeways connecting Brisbane with the Domestic and
International Airport, Gold Coast and Sunshine Coast.
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TOWN PLANNING
District Centre (Corridor) Zone
Eastern Corridor Neighbourhood Plan – Buranda Station Core 2A Sub
255 LOGAN ROAD
ADDRESS
The Boulevard, 255 Logan Road, Buranda, Brisbane
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• 69,300 to 115,500sqm* of residential GFA or approximately 820 to 1,300 apartments, including hotel
(45-75% of GFA);
QUEENSLAND
DEVELOPMENT POTENTIAL
The Boulevard is a mixed-use Transit Oriented Development (TOD) project with planning approval for
154,000sqm* of GFA catering for a variety of options and uses, as summarised below:
• 7,700 to 46,200sqm* of commercial office GFA (5-30% of GFA);
• 7,700 to 21,500sqm* of retail GFA, including a supermarket of up to 4,500sqm* (5-14% of GFA);
• A maximum of 1,750 car parking spaces;
• Other uses that can be developed within the overall GFA approval but included above are childcare,
gymnasium and cinema to name a few.
SALES PROCESS
For Sale via International Expressions of Interest closing 12pm (AEST), Thursday 30th October 2014.
*approximately
9
A CENTRAL INVESTMENT
BRISBANE
|
QUEENSLAND
*approximately
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POSITIONED WITHIN ONE OF AUSTRALIA’S
FASTEST GROWING MARKETS
Strong macro and micro economic factors have driven
record levels of growth and development in Buranda
and surrounding South Brisbane catchment area.
According to Urbis (2014) Population and Employment
growth within the surrounding area is forecast
to grow at 4.2% and 3% respectively per annum.
The Boulevard Transit Orientated Development
(TOD) will be able to capitalise on this growth and
projected demand for residential, commercial and
retail product given the current limited supply and
competition within the surrounding area. In addition,
Buranda is underpinned by over $12 billion nearby
infrastructure and investment with an additional
$18 billion proposed over the next 15 years which
will help drive additional growth and development.
BURANDA
A CENTRAL LOCATION
Situated 3km* south of the Brisbane CBD on the
corner of Logan Road and O’Keefe Street, the
Boulevard at Buranda is centrally positioned
between major public transport and vehicular
networks including direct doorstep access to
Buranda Train Station and South-Eastern Busway
and Eastern Busway Corridor. The Boulevard is within
300 metres to the Pacific Motorway and underground
Clem Jones Tunnel which connect to the Brisbane
CBD, Domestic and International Airports and Gold
& Sunshine Coast. The site is also directly serviced
by established pedestrian and cycle ways which link
to nearby parks and recreation areas. Underpinned
by major transport corridors, the Boulevard offers
unparalleled access to Brisbane and South-East
Queensland’s major educational and health precincts
and commercial and retail hubs.
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PLANNING CERTAINTY AND DEVELOPMENT
FLEXIBILITY
At a time when mitigating planning risk and
minimising time to bring product to market is
paramount, The Boulevard offers preliminary
planning approval for up to 154,000sqm of mixeduse GFA which streamlines the development
approval process due to the code assessable nature
of the approval. The GFA can be developed within a
wide ranging mix of uses, which coupled with the
favourable town planning parameters, provides
an incoming purchaser the flexibility for multiple
development possibilities to deliver product in
accordance with market demand and cycles.
255 LOGAN ROAD
A RARE OPPORTUNITY
Seldom does an opportunity arise to acquire a
2 hectare* site within 3km* of the Brisbane CBD,
particularly with such appealing development
drivers which underpin the rarity of The Boulevard.
The amalgamated parcel is the result of years of
strategic acquisitions and planning initiatives by
Anthony John Group underpinned by unparalleled
public transport infrastructure. These links are
fundamental to future project success to deliver a
landmark Transit Orientated Development (TOD)
opportunity. With no comparable development
opportunity of this scale available in Brisbane,
or across the eastern seaboard of Australia, an
incoming developer has the opportunity to create
one of Brisbane’s most strategic mixed-use projects.
11
A CENTRAL location
255 LOGAN ROAD
The Boulevard is situated at the centre of major transport
networks and service corridors with direct doorstep access
to Buranda Train Station, South-Eastern Busway and Eastern
Busway Corridor and within 500 metres of major arterial links
including as the Pacific Motorway, Clem 7 Tunnel, Ipswich &
Logan Roads connect The Boulevard to Brisbane’s major
employment nodes, entertainment and cultural hubs, health
and education precincts and domestic and international
airports.
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BURANDA
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BROADWAY STREET
EET
LEONARD STREET
QUEENSLAND
SOUTHBANK
3KM
RAN
STR
DA
D
OA
N R
BU
S
|
IS
ET
GA
L
REDFERN STREET
EW
E
TR
BRISBANE
Q U A LT R O U G H S T R E E T
LO
BRISBANE
CBD
3KM
DESHON STREET
MAYNARD STREET
TAY LO R S T R E E T
SALISBURY STREET
REIS STREET
TOOHEY STREET
C
13
LE
H A R R O G AT E S T R E E T
M
BRISBANE
7
BRISBANE
BURANDA
O’KEEFE STREET
JUNCTION STREET
T
AD
PAC I F I C M OTO R WAY
E
CORNWELL STREET
O
N R
E
REGENT STREET
GA
R
CARL STREET
W O L E S E LY S T R E E T
ROAD
LO
ST
IPSWICH ROAD
AND
VE
LN
CLEM7
Bicycle Path
O
Hospital
C
+
+
PRINCESS
ALEXANDRA
HOSPITAL
N
MELBOURNE
Train Station
LI
Bus Route
LE
LEGEND
C
SYDNEY
D
A
O
R
N
R
A
T
G
NE CT
E
E
OR IN
LO
R
C
EC
ES PR
ST
D
ON IL
N
ST ETA
LA
R
BURANDA
EVEL
OLD CL
POSITIONED AT THE CENTRE
OF MAJOR TRANSPORT LINKS
255 LOGAN ROAD
BRISBANE CBD
3KM / 10MINS DRIVE
SOUTHBANK
3KM / 10MINS DRIVE
RT
16 17 13 15
20
12 21
RO
ITY
&
BURANDA
C
TO
|
14
P
AIR
|
BRISBANE
OAST
PACIFIC
M
W
IPS
QUEENSLAND
D
OA
R
ICH
|
18
OTORW
AY
TO GOLD C
CLE
VEL
AND
D
OA
NR
GA
LO
OLD
15
ROA
D
Accessibility
and walkability
Entertainment, Shopping & Dining
Hospital
Transport
1
Suncorp Stadium
2
Queensland Performing Arts Centre
5KM
3
Cultural Centre and GOMA
5KM
4
The ‘Gabba’ Stadium
1KM
5
Woolloongabba Central (Coles)
6
Stones Corner Shopping & Dining Precinct
300M
7
Centro Buranda
290M
12
QUT Gardens Point
8
Howard Smith Wharves (Proposed)
4.6KM
13
Southbank Institute of TAFE
2.6KM
9
Queens Wharf Precinct
4.3KM
14
UQ St Lucia
4.3KM
10
Kurilpa Renewal Precinct
4.3KM
15
Griffith University
11
West End Dining and Café Precinct
3.8KM
5.5KM
1.4KM
Buranda Train Station
Buranda Busway
16
Mater Hospital
17
Lady Cilento Children’s Hospital
2.2KM
(next to the Mater)
18
Princess Alexandra Hospital
19
Greenslopes Private Hospital
2KM
1KM
3.5KM
Education
3KM
7KM
Recreation & Green space
20
South Bank Parklands
2.7KM
21
City Botanical Gardens
3KM
19
INFRASTRUCTURE
& INVESTMENT
255 LOGAN ROAD
Buranda and the surrounding catchment is one of the
fastest growing city localities in Australia with a forecasted
population growth of 4.2% per annum.
|
This growth has been underpinned by the significant
levels of investment on existing and future infrastructure
by both local, state and Federal Governments for over
$30 billion of major health, education, cultural and transport
projects. These investments are part of the Queensland
Infrastructure plan which alongside with local planning
framework, represent the largest public infrastructure
spending initiative in Australia’s history.
BURANDA
|
BRISBANE
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$12,036M
$18,300M
$30,000M
Northern Busway (Stage 3-4)
$2,200M
Kurilpa Riverfront Renewal Masterplan $1,000M
$1,300M
$5,000M
$1,750M
Brisbane Airport Runway Upgrade
Brisbane BaT Project
Eastern Busway (Stage 3-4)
$275M
$4,000M
Queens Wharf Redevelopment
Boggo Road Redevelopment
$650M
N/A
Kingsford Smith Drive Upgrade
Howard Smith Wharves
$80M
Kangaroo Point Bridge
$70M
$650M
$225M
Brisbane Riverwalk
Southpoint Mixed-Use Project
QLD Cultural Centre Extension
$1,200M
$1,500M
Legacy Way Motorway
Lady Cilento Children's Hospital
$140M
$444M
$4,800M
Northern Busway (Stage1-2)
Airport Link Motorway
Brisbane Convention and Exhibition
Centre
$426M
Eastern Busway (Stage 1-2)
$325M
$3,000M
Southbank TAFE
Clem7 Motorway
$300M
$56M
GOMA
Eleanor Schonell Bridge
$63M
$850M
QLD Cultural Precinct and Southbank
Kurilpa Bridge
$426M
$23M
South East Busway
Goodwill Bridge
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2022
2023 2024 2025 2026
QUEENSLAND
MAJOR INFRASTRUCTURE PROJECT TIMELINE
17
a rare Development Opportunity
255 LOGAN ROAD
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BURANDA
CBD VIEW CORRIDOR - L25
|
AN EXPERIENCED PROJECT TEAM
DEDICATED TOD PROJECT
DEVELOPER
Key Transit Orientated Development
Characteristics (Urbis 2014):
ARCHITECT
TOD Charactertisics
TOWN PLANNING
Rapid and Frequent Transit Service
High Accessibility to Transit Station
Mix of residential, retail, commercial
and community uses
QUEENSLAND
• 69,300 to 115,500m² of residential GFA or approx. 820 to 1,300 apartments, including hotel. (45-75% of
GFA)
|
FLEXIBLE DEVELOPMENT OPPORTUNITIES UNDERPINNED BY PLANNING CERTAINTY
Established town planning instruments provide certainty yet flexibility to adapt to changing market
conditions over the project time frame. The site has preliminary Approval from the Brisbane City Council
which supersedes the Brisbane City Plan 2000 and ensures that all future development applications are code
assessable requiring no public consultation*. Preliminary Approval has been acheived for 154,000sqm of GFA
and can be developed in any mix within the following limits:
BRISBANE
The Boulevard at Buranda has been designed to create a world class
transport orientated development within one of Australia’s strongest
markets. The project will be able to capitalise off the strong demand
for residential apartment product underpinned by unparalleled
transport facilities, health and education infrastructure.
• 7,700 to 46,200m² of commercial office GFA (5-30% of GFA)
(TOD)
• 7,700 to 21,500m² of retail GFA, including a supermarket of up to 4,500m2 (5-14% of GFA)
• A maximum of 1,750 car parking spaces
Site
Assessment
3
3
3
High quality public spaces and
streets which are pedestrian and
cycle friendly
3
Medium to high density development
within 800 meters of major transit
precinct
3
Reduced Rates of Private Car Parking
3
• Other uses that can be developed within the overall GFA approval but included above are childcare,
gymnasium, cinema
“This sub-precinct offers one of Brisbane’s foremost transit oriented
development opportunities. The frequency, convenience and connectivity of
services are outstanding and provide the platform for the creation of an
exceptional living, workplace and lifestyle hub. The scale and intensity of
development in this sub-precinct capitalises on the opportunity to establish
an exemplary mixed-use transit oriented development”
- BURANDA STATION CORE SUB-PRECINCT, Extract from the Eastern Corridor Neighbourhood Plan within the
Brisbane City Plan 2000.
* Excluding site 8 which requires impact assessable development.
19
proposed Development
255 LOGAN ROAD
GROUND PLAN
Basement Carpark Entry
line
Cleveland
train
station
train
Buranda
Restaurant
precinct
Logan
|
BRISBANE
Gillingham St
BURANDA
Buranda
Busway
Station
|
Basement Carpark Entry
road
|
QUEENSLAND
O’keefe street
Ground car park entry
TYPICAL TOWER PLAN
Building 2
• l4-l27
• p1-p3
• Ground
Building 1
• l1-l5
• Ground
BURANDA AREA SCHEDULE (GFA)
6 STOREYS TOTAL
28 STOREYS TOTAL
Building 6
Building 8
• l5-l28
• p1-p4
• Ground
• l6-l19
• p1-p5
• Ground
29 STOREYS TOTAL
20 STOREYS TOTAL
B1
Residential (GFA)
B2
B3
27,705
B4
B5
B6
B8
TOTAL
7,531 37,755 27,491 14,831
115,313
No of apartments
129
32
188
134
66
549
2 Bedroom (sml)
69
20
65
96
56
306
2 Bedroom (lge)
92
30
130
96
56
404
3 Bedroom
16
4
24
17
9
70
306
86
407
343
187
1,329
I Bedroom
Logan
Buranda
Busway
Station
road
Total Number
O’Keefe street
Building 3
• l1-l11
• Ground
12 STOREYS TOTAL
Building 4
• l1-l5
• Ground
• Lower ground
7 STOREYS TOTAL
Building 5a
• l5-l29
• p1-p4
• Ground
• Lower ground
31 STOREYS TOTAL
Building 5b
• l5-l19
• p1-p4
• Ground
• Lower ground
21 STOREYS TOTAL
Office (GFA)
7,762
Retail (GFA)
379
21,973
14,211
656
314
1212
3011
4,136
2,234
11,942
Gym (GFA)
2,419
2,419
Childcare (GFA)
2,323
2,323
Other (GFA)
TOTAL GFA PER BUILDING
0
8,141
28,361 14,525
8,743 40,766 36,369 17,065
153,970
21
proposed Design
Building 3
Building 2
Building 6
Building 4
Building 1
Building 5A
Building 5B
Building 8
255 LOGAN ROAD
The Boulevard’s design responds to the specific and unique nature of the site, accommodating the
distinctive requirements of a TOD and positioned to take advantage of the transport and view corridors
through modern and efficient design.
|
BURANDA
|
BRISBANE
|
QUEENSLAND
23
Market Overview
BRISBANE - AUSTRALIA’S NEW WORLD CITY
Underpinned by strong economic credentials and a positive outlook for growth, Australia is arguably one of the
world’s leading economies and a great choice for business and investment.
Brisbane is Australia’s New World City and the fastest-growing mature city in the world. The past two decades
of strong population and economic growth have contributed to Brisbane’s economy reaching $135 billion,
accounting for 48% of Queensland’s total GDP.
AUSTRALIA’S FASTEST GROWING AIRPORT
3,300 FLIGHTS PER WEEK
over 14,000 new residents
per annum
BURANDA
12th largest economy
50% Employment growth by 2031
due to a doubling in the economy
|
$1.6 trillion economy
$142 BILLION COMMITMENT TO MINING
RESOURCES AND INFRASTRUCTURE BASED
PROJECTS AND DEVELOPMENT
255 LOGAN ROAD
AUSTRALIA - ONE OF THE DEVELOPED WORLD’S LEADING ECONOMIES
|
BRISBANE
6th in the world by GDP per Capita
22 years of economic growth
BURANDA - ONE OF BRISBANE’S FASTEST GROWING PRECINCTS
Triple A rated by standard
and Poors, Moody’s & Fitch
Forecast - 634 new residents per annum
9,000
Period (Annual)
-1.0%
0.0
Australia
Queensland
Source: Deloitte Access Economics, April 2014
2009
2010
2011
2012
2013
Australia
2014
2015
2016
Queensland
Source: Deloitte Access Economics, June 2014
2017
2018
2031
2030
2029
2028
2027
2026
2025
2024
2022
2023
2021
2020
2019
2018
2017
4,000
2016
1.0
-0.5%
14,000
2015
0.0%
19,000
2014
0.5%
2.0
26,784
24,000
2013
1.0%
SERVICES ONE OF AUSTRALIA’S LARGEST
EDUCATION PRECINCTS
• 12 Educational institutions located within 15
minutes drive of Buranda supporting over
140,000 students.
3.0
31,486
2012
1.5%
32,092
29,000
2011
2.0%
4.0
36,195
34,000
2010
2.5%
41,954
39,066
39,000
2009
5.0
3.0%
44,000
2008
Forecast
25
2007
6.0
Forecast
3.5%
% change in GDP/GSP
% change in white collar employment
4.0%
ECONOMIC GROWTH, QUEENSLAND -VS- AUSTRALIA
FORECASTED EMPLOYMENT GROWTH HIGHER
THAN THE BRISBANE CBD
• Historical Annual Average Job growth at 3%
per annum – higher than the Brisbane CBD at
1.8%
• Forecast requirement for 22,985 new jobs
between 2014 to 2031.
2006
WHITE COLLAR EMPLOYMENT GROWTH, QUEENSLAND VS AUSTRALIA
INCREASING POPULATION
• Projected population growth at 4.2% per
annum to 2031.
EstImated and Projected Population
The Queensland economy has historically led the nation in terms of GSP (Gross State Product), white collar
employment and population growth and has been above the national GDP average 22 out of the past 25 years.
It is forecast this will continue over the medium term underpinned by the mining and resource sector, improved
residential construction market, a rebound in international tourists and the Queensland State Governments
commitment to invest heavily in infrastructure projects.
QUEENSLAND
QUEENSLAND - LEADING AUSTRALIA IN GROWTH
|
The Buranda and surrounding catchment area of Woolloongabba, Coorparoo and Greenslopes is forecast to
become one of the major growth precincts within the Brisbane market, underpinned by strong population
and white collar employment growth, convenient accessibility to the Brisbane CBD and Southbank and strong
connectivity to major arterial roads and transport networks.
Sales Process
255 LOGAN ROAD
|
BURANDA
A 100% INTEREST IN
255 LOGAN ROAD,
BURANDA IS OFFERED FOR
SALE VIA INTERNATIONAL
EXPRESSIONS OF
INTEREST.
|
BRISBANE
1. Parties interested in acquiring 255 Logan Road,
Buranda and approved by the Vendor, will
receive the Information Memorandum and will
be granted access to a virtual data room upon
execution of a confidentiality deed.
2. Interested parties are invited to submit a bid
through an International Expression of Interest
to purchase the property to the appointed
agents by 12pm AEST Thursday 30th October.
Expressions of Interest should include, but are
not limited to the following information:
• Name and details of proposed purchasing entity;
• Offer price;
• Details of capacity to complete the transaction
including need to raise equity and or debt;
• Details of any conditions or approvals required;
• Timetable for due diligence, execution of
contract and settlement;
• Contact details.
|
QUEENSLAND
26
Disclaimer
© 2014 This document was prepared by CBRE Pty Ltd
and approved Anthony John Group to be distributed.
The information in this document is general in
nature and is a guide only. Nothing in this document
is intended to constitute advice (including advice
about financial products or services) and, before
acting, interested parties should make their own
enquiries and seek independent advice about all of
the information in this document as it does not take
into account your individual circumstances. CBRE
does not warrant the accuracy of any information
in this document, some of which may have been
obtained from other people, and which has not been
confirmed by CBRE. Figures quoted are approximate
only, are subject to change, and do not take account
of the possible impact of GST. The information
must not be relied upon to make any investment
decisions. Subject to any statutory limitation on its
ability to do so, CBRE disclaims liability under any
cause of action whatsoever, including negligence,
for any loss arising from use of or reliance upon this
document, your failure to verify the information or
seek appropriate advice. Where information in this
document relates to the sale, purchase or lease of
property in a particular jurisdiction, it is provided
on behalf of the member of the CBRE group which
is a licensed real estate agent in that jurisdiction.
CBRE respects your privacy and is bound by the
National Privacy Principles. If you would prefer to
be removed from this mailing list, please contact
our Privacy Officer via +61 2 9333 3333 or email
[email protected]. A copy of our Privacy Policy
can be viewed at http://www.cbre.com.au/Pages/
privacypolicy. aspx and http://www.cbre.com.au/
Pages/ Australia-Privacy-Statement.aspx.
FLINT DAVIDSON
Director
Capital Markets,
Institutional Investments
t:+ 61 7 3833 9701
m:+61 411 183 061
e: [email protected]
DARREN COLLINS
Associate Director
Metropolitan Investments
t:+61 7 3833 9880
m:+61 404 781 787
e: [email protected]
MIKE WALSH
Associate Director
Metropolitan Investments
t:+ 61 7 3833 9722
m:+61 401 059 741
e: [email protected]