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Client News

Privately-owned developer Orchard Property Group has completed the acquisition of a prime 34-hectare development-ready site at Ripley, in the heart of the Ripley Valley Priority Development Area (PDA).

The acquisition takes Orchard’s total pipeline of lots owned and under control to more than 2,000 across five different projects around South East Queensland.

The property at 160 Daleys Road, Ripley, was acquired from a group of investors for $11 million. The company has had the site under contract for more than 12 months and completed settlement in late August.

The site includes an existing Development Approval for a new masterplanned community with 426 lots. Orchard intends to reconfigure the existing approval to increase the yield to 440 lots ahead of a launch in 2020.

The sale was negotiated by Ray White Special Projects’ Tony Williams and Mark Creevey.

Orchard Property Group Managing Director Brent Hailey said the company had long-held ambitions to acquire a site in the Ripley PDA.

“The Ripley Valley is one of the largest urban growth areas in Australia and will eventually be home to a new city nearly as large as Toowoomba with a population of 120,000 people and 50,000 new homes,” he said.

“The PDA has been incredibly successful since it was declared in 2010 and our expectations are that it will continue to grow for the foreseeable future.”

Orchard has also secured a $7.2 million Catalyst Infrastructure Program grant from Economic Development Queensland (EDQ) to undertake a major upgrade of Binnies Road, Ripley, to not only provide access to their site but to provide a much-needed access to a number of properties at the western end of the Ripley PDA.

Construction of the new road is due to begin by the end of the year with the project expected to commence marketing early in 2020.

The new project will be Orchard’s second largest, following the launch earlier this year of the 650-lot, $120 million Pebble Creek project at South Maclean. The company recently completed sales at PineVue @ Maudsland (110 lots) and has other active projects at Ormeau, Narangba and Caboolture.

Ray White Special Projects Tony Williams said Orchard had secured a very strategic site after successfully navigating a range of issues to unpack the development potential of the opportunity.

“The property provided one of the few remaining parcels in the Valley which offers scale and with the benefit of negotiating the catalyst infrastructure agreement, Orchard have fast tracked their entry to the Ripley market,” he said.

Mr Creevey said land parcels with scale that had approvals already in place were in high demand throughout South East Queensland.

“The interest levels we’re witnessing for approved development sites are at the highest we’ve seen in a long time due to the scarcity of quality offerings,” Mr Creevey said.

Mr Hailey said the company remained optimistic about the south east Queensland land market.

“With low interest rates expected to continue for the foreseeable future and continued steady population growth in the south east, the fundamentals for the land market remain quite strong,” he said.

“There is plenty of competition but with the right product, in the right place at the right price there is plenty of demand and opportunities for success.

“As with all our projects, we will be focused on creating a vibrant place to live by providing exceptional amenity, connectivity and urban design.”

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Blog, Client News

HIGH-SPEED change is the new disruptor in the travel industry and the rate of change in the next three years is going to shape and transform society for the next 100 years in a way that we’ve never seen.

Futurist Chris Riddell believes that our future will see a complete reinvention of everything that we see today on planet Earth.

He was presenting in Sydney some of the key changes on our horizon to delegates at Flight Centre Travel Group’s annual event, Illuminate, dedicated to informing and providing insights into the global corporate travel industry.

As a futurist, Riddell looks to see how “humans and business are adapting and changing to see what we can do to get ourselves ready for the future.”

His presentation focused on how the travel industry is going to change and why delegates need to be an extension of what’s happening within the human part of this change. According to Riddell some of the main disruptions shaping our future include:

The Amazon Effect

For the first time in history we’re witnessing on a large scale an online business, Amazon, moving into the offline space. Amazon’s US$13.7 billion purchase in 2017 of bricks-and-mortar organic grocery chain Whole Foods Market sent the share prices of major grocery retailers plummeting overnight. This purchase was the reverse of the mainstream progression of businesses moving from the physical to the digital. Overnight, Amazon became the biggest bricks-and-mortar retailer in the U.S. by market capitalisation and in doing so shifted us into a world of ‘category killers’ ruling industry.

The big question remaining is which other oppositional business is going to buy up traditional organisations. Might Facebook buy Costco? Will Twitter buy Target?

In the business of data, Google (Alphabet) is the biggest data company on earth – there is no close number two. We’re leaping into a world where category killers are dominating industry.

Trust Issues

We’re emerging from one of the biggest trust crises we have ever had. Our trust in organisations in the private and public sectors is at an all-time low. Data crises including with Facebook and the Cambridge Analytics scandal have eroded trust in those companies whose business is data. Similarly, the Volkswagen emissions scandal and consumer confidence in the U.S. along with many other public corporate crises has dented our trust in many big brands. The question then is how do we move ahead? 

Riddell believes that trust fundamentally is not going to go back to previous levels and that we will have to reinvent trust to be able to move forward. He says technology will be an enabler for us to reinvent trust. In the tech sector, the makers of wearable technology are faring better when it comes to trust – the value of the experience we get from wearable devices, for example, compared to the data we share is on parity, and this puts us in a place of trust with these brands.

Feeding the beast

The truth is though that we are worried about robotics, technology and our future. Nearly everything we do, from getting on an aeroplane, checking into a hotel, hiring a car, involves generating a lot of data, which ‘feeds the beast’ in terms of telling companies about our likes, habits and preferences. In order for many interactions with companies and their apps to succeed we need to keep feeding them a whole lot of data. Data is one of the most important resources that we have, and it truly has become the ‘new oil’. In order to win trust with customers, you need to create exceptional value every single time.

One of the fastest growing sectors in the world is the healthcare sector where the accumulation of data is presenting many opportunities but also structural and privacy concerns. The ability to run your own heart tests through portable technology that will become more accessible is mirrored by companies like 23andme.com, where you can send off a $100 test sample to a company and receive in return a full DNA spectrum on your health. This is prompting many people to start seeking treatment for conditions that they don’t yet have and putting severe strain on the health system.

Addiction to technology

We live in a new age where we are addicted to technology and yet are continually distracted by it. Technology from companies like Apple and Microsoft is now invading even personal intimate offline moments we are meant to have with each other. Consumers now have more technology power in their pockets than many organisations have, and replace their technology faster. This has created a power balance shift, where consumers now own the experience and will dictate the experience they will want to have with us. What we have to do now is keep up with this data transfer and reinvent ourselves.

The sharing economy, block-chain, augmented intelligence and the internet-of-things are the changes that are going to be impacting the travel industry and anyone connected to travel. What this means is that organisations are now getting so much data and opportunity to get insight from individual human beings than we have ever had before. No longer can we just ‘pigeon-hole’ people, but we have to use this data to create tailored, individual experiences. ‘Augmented intelligence’ is about blending humanity and technology together to create experiences that just a few years ago you never thought were possible.

Chris Riddell’s challenge is: “If you want to be in business beyond tomorrow, you need to start thinking about the future like a technology company. You have to keep up with this relentless pace of change that we are going through. Your job is to see where the opportunities lie for you, because this is the most exciting time to ever be a human being on planet earth.”

Illuminate 2019 was supported by Flight Centre Travel Group’s corporate businesses – FCM Travel Solutions, Corporate Traveller, cievents, Stage and Screen Travel Services and 4th Dimension Business Travel Consulting.


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Client News

Park Ridge’s newest masterplanned community has marked its official launch by hosting the first Carver’s Reach Home Expo on Saturday (10 August).

The Carver’s Reach Home Expo, proudly presented by Golden Gate Property, will provide home buyers with an opportunity to meet Queensland’s leading builders, discuss finance options with RAMS and see a range of landscaping solutions on display.

Since the Carver’s Reach pre-launch marketing campaign commenced, which coincided with the start of construction in mid-June, nearly 30% of lots have been contracted, mainly to local buyers. The Jarrah release, being the first 67 lot stage, includes homesites priced from $203,000 and house and land packages from $398,800.


WATCH THE NEWS REPORT



The Expo includes a range of family entertainment and kids activities. Builders in attendance on the day include Metricon, Brighton Homes, Bold, Coral Homes, Simonds and Porter Davis.

David Whiteman, Director of Development at Golden Gate Property, said the launch of the Carver’s Reach project was well timed given the change in sentiment towards property which has been prevalent since the Federal election.

“There has been a renewed sense of positivity in the market over the last few weeks with lower interest rates and a greater willingness for banks to lend money for quality property,” he said.

Research undertaken by Oliver Hume, whom is running the Sales and Marketing for Carver’s Reach, shows while the market has been subdued over the last 12 months, the Logan land market remains one of the best long-term performers in south east Queensland.

Over the last five years the median lot price in Logan has increased 23.2%, including 4% over the 12 months to the end of June this year. The average lot size in the region is 422sqm, with Carver’s Reach achieving an average of 440sqm.

Oliver Hume Queensland General Manager Matt Barr said Park Ridge had emerged as one of the most popular suburbs for new residential development over recent years.

“Logan is one of the top performing markets in South East Queensland over the last few years and Park Ridge is the hottest suburb in the city,” he said.

“We have had hundreds of enquires over the last few weeks since we turned the first sod and would expect to continue a brisk rate of sales now we are fully live.”

The first homesites are expected to settle in early 2020 with first residents due to move in mid 2020.

The project is well connected to the local area, and the rest of south east Queensland with easy access to the west via Mt Lindesay Highway, east via Chambers Flat Road, and north via the Logan Motorway.

The Park Ridge area, which is inclusive of Boronia Heights, has a forecasted population of 29,987 by 2036 representing an increase of over 20,000 residents since the 2016 census. Increasing the current population by 137% over a 20-year period.

Mr Whiteman said the masterplan for the site would have a range of features and amenities including a corridor park, recreation park, childcare centre, and integrated passive recreation opportunities within adjoining biodiversity areas.

“It is a true, multi-stage masterplanned community where we have the scope to be creative in terms of the open space and connectivity with the local community,” he said.

Project Details

Name: Carver’s Reach
Address: 140 Park Ridge Road, Park Ridge
Price: Homesites from $203,000 and Home & Land from $398,880
Size: First stage homesites available from 313-808sqm
Web: carversreach.com.au
Phone: 1800 514 883

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Client News

The Corporate brands of the Flight Centre Travel Group are celebrating after being named in The Australian Financial Review BOSS Most Innovative Companies list for 2019 last night in Sydney.

The prestigious annual list, published by The Australian Financial Review and Boss Magazine, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. 

The brands of FCM Travel Solutions, Corporate Traveller and Stage and Screen combined are represented as Flight Centre Corporate in the Professional Services list and are recognised for bringing a revolutionary AI-inspired online booking tool, Savi and smart assistant mobile application, Sam to the Australian Travel market.

“We are thrilled to announce the first-ever industry-specific Most Innovative Companies List. What separated the most innovative organisations from the least, was the involvement of the customer the entire way through the innovation process. Leading innovators also had strong mechanisms in place to recognise the innovation efforts of their staff,” said Dr Amantha Imber, Founder, Inventium.

Savi is an exclusive online booking tool which has been developed by our Corporate brands in conjunction with the company’s technology partner, Serko. It is available exclusively for customers of FCM Travel Solutions, Corporate Traveller, Stage and Screen Travel Services. Savi includes rich content, unique user modules and exclusive functionality that can’t be found elsewhere in the market. Savi and Sam together deliver an integrated superior travel experience.

Savi

Executive General Manager – Flight Centre Travel Group Corporate Division James Kavanagh said that Savi was created in response to the poor user experience observed from many online booking tools in the corporate travel sector.

“Savi was developed to incorporate Artificial Intelligence (AI) to create a smarter, better and simpler user experience for the business traveller and travel co-ordinator,” Mr Kavanagh said.

“Savi was born in response to a number of requests from customers to better streamline their business travel programs.

“Engaging with our customers we identified opportunities to address inefficient and costly actions in the online travel booking process which led to the development of Savi and its exclusive modules that leverage the latest in AI capabilities.”

The Savi Select, Savi Credits and Savi Voice modules help businesses and travellers make smarter decisions to maximise their travel savings.

Mr Kavanagh said that customers were engaged with at all stages of the product development process to ensure that it was adequately meeting their needs.

“For the first time, Savi is bringing a leisure booking experience into the corporate world in Australia and New Zealand. It has saved our customers time with its intuitive recommendation engine and traveller engagement model to expedite the booking process with the widest range of products including exclusive rates for our corporate customers,” Mr Kavanagh said.

“It is a leap forward as a customer-centric product and providing improved productivity.”

 

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Client News

ENJOY the highlights of Singapore and a cruise aboard Royal Caribbean’s Radiance of the Seas back to Australia with a 13-night fly, stay and cruise package from Cruise1st.

 

Cruise1st is offering the fly, stay cruise package that commences in Singapore and disembarks in Brisbane, Australia.

 

Travellers will fly from Gold Coast to Singapore on 3rd November 2020 where they will enjoy one night of pre-cruise accommodation in Singapore. This will provide a chance to explore this fascinating and exotic Asian city.

 

The next day, they will board Royal Caribbean’s Radiance of the Seas for a 12-night cruise back to Australia. Stops include Darwin, Airlie Beach and Cairns in Queensland, with opportunities to sample lush rainforests or The Great Barrier Reef before concluding with arrival into Brisbane.

 

The package is priced from $1,899* per person twin share from Gold Coast and includes the flight from Sydney to Singapore and one-night pre-cruise accommodation in Singapore.

 

Radiance of the Seas offers a cruising experience like no other, with panoramic vistas, sleek surrounds and a range of dining and entertainment options.

 

There is a nine-storey central atrium; floor to ceiling windows; casual and formal dining options including a Brazilian steakhouse, Italian restaurant and sushi; three pools; fitness centre; rock climbing wall; mini golf; basketball court; jogging track; video game arcade; theatre; casino; clubs; lounges; duty free shopping and a teen lounge area and disco.

 

For more information call 1300 596 345 or visit www.cruise1st.com.au.

 

*Terms & conditions apply. Subject to availability. Restrictions may apply. Prices are per person, twin share based on an inside stateroom. Prices subject to change at any time.

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Client News

Diversified property group CFMG Capital has completed the acquisition of three parcels of land across Queensland and Victoria that will collectively yield almost 200 lots.

The sites are located at Rochedale and Park Ridge, both of which lie in the Brisbane to Gold Coast growth corridor, and in the Melbourne suburb of Wollert, 26km north of the CBD.

The 4.94-hectare Park Ridge site, which is bordered by Koplick and East Beaumont roads west of the Logan CBD and has already received Development Approval (DA), will feature 89 lots with an average size of 373sqm.

CFMG Capital will develop a further 15 lots with an average size of 439sqm at Gardener Rd, Rochedale, after acquiring 1.33ha of land 17km south-east of the Brisbane CBD in a deal worth $3.375 million.

The company has also lodged a Development Application for 83 lots at Epping Rd, Wollert, a lifestyle suburb popular with older couples and independents.

To be known as Acacia Village, the project will feature average lot sizes of 326sqm and follows CFMG Capitals’s purchase of the 5.86-hecatre site for $6.8 million.

The trio of acquisitions will take CFMG Capitals’s development pipeline to more than 1,000 lots across 10 different projects in Queensland and Victoria.

CFMG Capital General Manager Andrew Thomson said the three sites ticked all the boxes when it came to meeting the demands of both investors and owner-occupiers.

“It can be a challenge finding quality land close to metropolitan centres so these acquisitions are a huge boost for property buyers in both the South-East Queensland and Melbourne markets,” he said.

“As well as being able to create a home to suit their own preferences, all the sites are close to the infrastructure and services that make Brisbane, Logan and Melbourne so attractive.

“The team at CFMG Capital takes great care to identify prime land for our projects and there is no doubt these three investments fit the bill, particularly given the demand for quality affordable projects in strong growth corridors continues to rise.”

Lot prices at the Wollert site will start from $199,000, while the Park Ridge lots will range from $209,000 to $239,000.

Prices at the Rochedale site, with its exclusive release of only 15 lots, will start from $420,000.

The new acquisitions add to a CFMG Capital portfolio that includes Lomandra Park at Bridgeman Downs, Elevate at Ormeau Hills, Creeks Edge and Oakland Pocket at Morayfield, Middleton Park at Logan Reserve and Solander at Park Ridge.

CFMG Capital operates two core divisions; a residential communities development business with a pipeline of more than 1,000 lots and residential funds management business which has raised more than $90 million in third party equity.

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Client News

Queensland developer Golden Gate Property has completed the acquisition of a 50ha residential development site at Park Ridge, 32 kilometres drive from the Brisbane CBD and in the heart of the city’s southern growth corridor.

The company is now within the final stages of finalising plans for the launch of a 600-lot masterplanned community with an expected gross realisation in excess of $135 million.

The site comprises nine separate lots located along Park Ridge Road, Park Ridge, in the heart of the fast growing Logan City Council local government area. The site is well connected to the surrounding area and the rest of south east Queensland with easy access to the west via Mt Lindesay Highway, east via Chambers Flat Road and north via the Logan Motorway.

The privately-owned Golden Gate Property (www.ggpg.com.au) has a number of other in-fill projects within the broader SEQ region and is currently looking to release Stage 2 of their 97-lot, $23 million Regency Green estate nearby at Green Road, Park Ridge.

Director of Development David Whiteman said the site required complex negotiations to aggregate a group of fragmented rural land holdings into a single site and would be the company’s largest project to date.

“It is a significant site that we believe has great potential due to its existing natural attributes and its connectivity with major transport infrastructure and the nearby Park Ridge Central shopping precinct,” he said.

“Our intention is to create a vibrant community that generates opportunities for, and enhances the lives of local residents with improved amenities, public transport links and public realm offerings with over six hectares of district level parklands onsite.

“Regency Green has given us a strong understanding of the area and we are confident there is demand for a quality owner-occupier focused product in the area.”

Future residents will benefit from the South East Queensland Infrastructure Plan, which outlines $134 billion in infrastructure projects including the Meadowbank health, education and innovation hub masterplan and Logan Hospital expansion and refurbishment.

Mr Whiteman said the company had commissioned research that showed the primary catchment for the project (consisting of Park Ridge and Boronia Heights) was expected to cater for an extra 20,000 residents by 2036, with a growth rate of 4.9% a year (2016-2036).

Residential land sales in Logan LGA continue to follow upwards trends, accounting for 38.5% of SEQ’s current developable land, providing a significant scope for prosperous future residential land development.

The project, named Carver’s Reach estate, is due to be launched within months pending engagement of the site’s principal civil contractor.

Mr Whiteman said the masterplan for the site would have a range of features and amenities including a district recreation park, a local park, a childcare centre and integrated passive recreation opportunities within adjoining biodiversity areas which are planned for rehabilitation.

“It is a true, multi-stage masterplanned community where we have the scope to be creative in terms of the open space and connectivity with the local community,” he said. “We look forward to launching the project in coming months.”

What RGCMM achieved for DHA’s Torhaven


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Client News

Brisbane – Former PanAust managing director and resources industry veteran Dr Fred Hess has been appointed a non-executive director of Brisbane-based MPX (Mining Projects Accelerator).

MPX is a project generator that uses cutting edge artificial intelligence and machine learning information, combined with traditional exploration techniques to accelerate the identification of drill targets on prospective mining leases in Australia. 

Dr Hess had been with PanAust for 13 years including four as managing director. Prior to joining PanAust, Fred managed the Macreas Gold Mine in New Zealand and the Mt Gordon Copper Mine in Australia following a career with WMC Resources and Bougainville Copper Limited in Papua New Guinea.

He will take up his appointment in April.

Mining industry veteran Dr Fred Hess

MPX Executive Director Grant Wechsel said, “Dr Hess joins MPX with over 30 years experience in the industry across copper, nickel and gold operations including assessing project opportunities and exploration programs, through to developing operating mines, which will be a huge asset for the MPXteam.” 

Established by Ortus Mining Capital with interests in Singapore, Laos and Australia, MPX’s strategy is to accelerate high potential mining projects along the value curve using robust technical analysis, proven leadership teams and astute capital raising programs.

MPX is currently building a stable of projects within the accelerator having secured a number of promising leases already and some strong prospects across different commodities in Australia.  

Fred Hess said, “I’m very attracted to the idea of trying to accelerate the identification and development of an economic ore deposit by rapidly screening multiple project opportunities. By selectively gathering data that can quickly inform the decision to continue to invest or discard, this helps to spread risk for investors while maximising the chances for success.

“I see the ‘accelerator’ approach using the latest advances in information technology as the new way forward for exploration. I look forward to providing strategic direction to the company through both the project filtering and subsequent development phases.”

MPX Executive Director Simon Cohn said, “The traditional time frames to discover new projects and accelerate them to development and ultimately production is leaving a future gap on the supply side in the gold industry.  

“We believe the use of technology to better identify targets and also continue to analyse drilling results combined with a laser focus by management on only taking suitable projects forward is a very real point of difference in the Australian market.

“Having someone of Fred’s standing in the industry to advise on project selection and strategy is a huge benefit for us and we look forward to working with him.”

The MPX board is targeting a mid-2019 launch by completing a fully funded initial capital raising. It is proposed that the accelerator will launch with 6-10 projects initially and that this will be progressively augmented by further additions.

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Client News

BRISBANE – Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today that it has completed the acquisition of Sentral Education in Australia, further expanding its educational market capabilities.

The cloud-based school management platform streamlines school administration, student management and data management. The acquisition will accelerate product enhancement and development for schools using Sentral’s school management platform and aligns well with Global Payments technology-enabled, software driven payments strategy.

“We are excited to be a part of the Global Payments team,” said Greg Coffey, General Manager of Sentral Education. “It will be business as usual for our clients. Sentral’s core values, vision and customer centric approach continue to be at the heart of our future operations and strategy. Sentral is dedicated to providing market-leading school management software and we look forward to introducing additional innovation and further enhancing our platform.”

“We are delighted to welcome Sentral Education to Global Payments,” said Mark Healy, Managing Director of Global Payments Australia and New Zealand. “Sentral was founded and run by a group of truly passionate individuals who are dedicated to making schools better. Software integration is at the core of our businesses and Sentral will benefit from the global expertise we have not just in payments, but in school management solutions. The acquisition aligns perfectly with our strategy of providing market leading software and great user experiences in technology solutions and payments.”

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Client News

Families from all over Ipswich and Springfield flocked to Torhaven, Defence Housing Australia’s (DHA) latest development in Deebing Heights for a free family fun day, celebrating the opening of a new $2 million dollar park.

On Saturday, February 9, Torhaven Park played host to more than 600 members of the community who enjoyed family-friendly entertainment, free food and treats. Children were delighted to play in Torhaven’s new adventure playground featuring slides, swings, spinami and a treehouse network connected by rope bridges, climbing frames and rock climbing walls.

There was also a visit from the Queensland Fire Service from Ripley who come along to show all the children their fire truck and let them spray water out of the fire hose.

DHA’s Development Manager Meaghan O’Shea said the event was a great success at showcasing the new parklands as a fabulous space for families to come together in Deebing Heights.

“It was important for us to let the Deebing Heights community know that while the park is a part of our Torhaven project, everyone in the broader area can enjoy the benefits it provides,” she said.

“This event is the first of many community activites planned. We have put together a calendar of events to be held at Torhaven Park for the whole community to enjoy, including community BBQs, a Halloween ‘trick or treat’ trail and a Christmas party.”

Torhaven’s parklands are a natural landscape spanning 22,000 square metres of sculpted gardens, open green space and intricately designed wetlands. Torhaven Park features an exciting treehouse network with rope bridges, climbing frames and rock climbing walls. Children can enjoy the seesaw, spinami, hoop carousel, multi-swing and mounded slippery slides.

Located off Andy Way, Deebing Heights, the parklands provide an oasis for birdlife with a wetland full of native plants and trees. The area was designed to mimic natural waterways, including shaded creek beds and riverbanks constructed out of boulders sourced from the site.

For more information and to keep up to date with news and events visit www.torhaven.com.au and like us on Facebook www.facebook.com/torhaven.

What RGCMM achieved for DHA’s Torhaven

About Torhaven

Torhaven is a beautiful new parkland community occupying one of Deebing Heights’ most appealing, elevated locations. Spanning 27 hectares with over 20 per cent green space, Torhaven is being developed by Defence Housing Australia and marketed by Oliver Hume. When complete, Torhaven will comprise 294 home sites and two major parklands. The first stage of 96 lots is now complete with over 70 per cent of retail lots sold, and new homes now under construction. Another 11 lots in stage two have just been released for sale to the public.

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