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Woolloongabba’s historic Broadway Hotel will be redeveloped in a $260 million joint venture arrangement with the building’s owner and Brisbane developer Majella Property Developments. Under the proposed redevelopment the site will feature a 24-storey apartment tower featuring 280 one, two and three bedroom apartments. The development will also incorporate a three-level commercial and retail podium which will incorporate the heritage-listed hotel. The hotel on Logan Road at Woolloongabba was extensively damaged by fire in 2010. The hotel and land is owned by Brisbane doctor Malcolm Nyst. Majella Group founder Professor Frank Monsour said, “We’re delighted to be able to bring back the glory of the Broadway Hotel. “The hotel has always helped define the character of the precinct and we are keen to bring back the local markets and for the area to become vibrant again. The hotel will be a big part of this.

“It has always been the soul and an inviting gateway to the area which is why we’re retaining it. “Malcolm had been looking for a developer to join with who appreciates the heritage quality of the building.” Majella Property Developments will use some of the development profits from the apartment tower to restore the hotel which otherwise has been deemed to be economically unviable as a restoration project on its own due to the extensive damage suffered. Majella is basing its plans for the precinct on a laneways concept with the Broadway’s Gothic appeal influencing the style along with elements from New York. A Development Application is anticipated to be lodged with Brisbane City Council in August. When approved construction would expect to start in 2017 and be completed in 2019. The hotel which was completed in 1890 was designed by prominent architectural firm John Hall & Son. Majella Property Developments has completed its 91-apartment Radius Apartments development at O’Keefe Street in Woolloongabba and will soon start construction on Mountview Residences, featuring 15 stylish apartments over 12 levels at Spring Hill. woolloongabba
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Client News
Moffatt Property Development Group has seen early success in its decision to target the fast growing corridor north of Brisbane around North Lakes. Its Parkside Alma Heights town house development in Dakabin has almost sold out with construction now underway and with completion expected in June 2016. Parkside features 21 three-bedroom town houses with prices ranging from $355,000 to $375,000. Moffatt Property Development Group’s Don Moffatt said, “This boutique development has resonated with investors and first home buyers due to its location and quality finishes. “This location is greatly sought after due to its proximity to transport, shopping and schools. “There are three supermarkets – Coles, Woolworths and Aldi with specialty retail shops being built adjacent to this precinct. “With two major transport corridors providing easy access to both the Sunshine and Gold Coasts, as well as Brisbane, Parkside Alma Heights’ accessibility is proving one of the main drawcards. “We’re very pleased with this result having just commenced marketing in November and have confidence in bringing our next development forward.” Experienced Sunshine Coast-based builder Vantage Building Group is constructing the town houses. “Vantage’s track record ensures the quality of construction and finishes that we are bringing to Parkside,” Mr Moffatt said. “Suitable development sites are difficult to come across, so we’re fortunate to have a pipeline of quality product in this area.” Parkside is only 35 minutes to Brisbane CBD, close to Dakabin train station and near the expanding Westfield North Lakes. Data released by CoreLogic RPData showed North Lakes as the standout performer for total house sales in the greater Brisbane region for the 12 months to September 2015 with $236 million in sales. Westfield are spending $140 million on an extension to link the North Lakes mall with the new Ikea store currently under construction. The Westfield extension is expected to be completed by the end of 2016. Due to the success of Parkside Alma Heights Moffatt Development Group will soon be launching another development in the area. For further information on Alma Heights please visit: www.almaheightstownhouses.com.au north lakes
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Penelope ValentineLEADING software development company OurTradie has announced the appointment of Penelope Valentine as national sales manager. Ms Valentine, who will be based at the company’s Sydney office, will help drive national growth of the company’s software platform, PM Assistant. The software streamlines many of the daily tasks faced by property managers, including receiving and responding to maintenance issues and managing rental payments. Ms Valentine brings to her position an extensive knowledge of the property industry, with roles as co-founder of the Real Estate Project Australia and national corporate partnership and events manager for LJ Hooker. She has also worked at Ray White and McGrath Estate Agents corporate office. “Ms Valentine’s strong experience in sales and property and event management, her vast knowledge of the Sydney market and her extensive industry contacts make her the perfect addition to our team,” said OurTradie CEO Damian Hickey. “Her passion, determination and customer-centric approach will ensure she plays a vital role in PM Assistant’s future development.” Ms Valentine said she was excited to join a technology company that was delivering innovative new products for the real estate industry, particularly given her background in real estate, property management and business development management. “Once I saw the efficiencies that PM Assistant created and the fact that it saved property managers so much time, I knew it was a game changer for the industry,” she said. “I have been a property manager so I understand the complexities of the role. The automation of follow-up plus the centralised digital record of all communications drives greater profitability, creates systemised processes and gives property managers peace of mind that nothing can be forgotten.” She said she was looking forward to expanding the software’s presence nationally and overseas. “We believe that this will set a benchmark for the industry by creating more profitable businesses. I’m excited to help lead PM Assistant into its next phase of growth.” PM Assistant is a cloud-based solution working on web, ipad and mobile. For more information visit www.pmassistant.com.au Media enquiries to Brenton Gibbs  
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PM AssistantA SOFTWARE development company has launched a new property management software platform that is set to revolutionise the real estate industry. Brisbane-based software company OurTradie’s PM Assistant is an online mobile platform that streamlines many of the tasks faced by property managers, including receiving and responding to maintenance issues and managing rental payments. Major Brisbane and Sydney real estate agencies including LJ Hooker New Farm, Ray White New Farm and Di Jones Real Estate in Woollahra have already switched over to the software. OurTradie CEO Damian Hickey said PM Assistant, which offered a full suite of services for different aspects of property management, was modernising the industry. “With PM Assistant, we’re looking to take the real estate industry into the future with the introduction of online real estate services,” he said. “We’ve already received a tremendous amount of interest and support from a number of real estate agencies who want to free up staff time so they can grow their businesses and take them to another level. “We hope to further expand interstate and overseas in the near future.” He said the online platform had been designed to make the lives of property managers around Australia and overseas easier and less stressful. “This is a program that will help save time, increase productivity and efficiencies and improve customer and staff satisfaction,” he said. PM Assistant streamlines the following aspects of your real estate business: Maintenance: Using PM Maintenance can cut managing a simple property maintenance task from 30 minutes to five minutes. From initial enquiry from the tenant to final payment and reconciliation PM Maintenance automates the full maintenance process. It allocates, remembers, measures and categorises all jobs, creating a transparent history of communication. No longer are paper invoices required from tradespeople. Arrears: PM Assistant allows property managers to move arrears management from being a constant source of work and worry to a set of easy to complete tasks using a powerful automated arrears policy incorporating reminders, payment requests and notices via email, SMS and letter. It establishes a uniform and consistent process for interaction with tenants and for reporting to landlords. “Agencies have been able to significantly reduce their arrears disputes, property maintenance workload and in turn increase the value of their rent roll,” Mr Hickey said. “Agencies are better able to drive sales and service and build important relationships with landlords and tenants as a result.” Brett Greensill, principal of LJ Hooker New Farm, said, “Property maintenance is an area fraught with concern for agencies. With PM Assistant, we have taken a solid step in improving our customer service levels around maintenance and we have seen a noticeable and consistently sustained improvement in our rate of arrears.” OurTradie is looking to add a new feature that will help property managers manage their inspections in May 2015. PM Assistant is a cloud-based solution working on web, ipad and mobile. For more information visit www.pmassistant.com.au Media enquiries to Brenton Gibbs
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Iconic Queensland tropical island destination Daydream Island Resort and Spa in the Whitsundays will (subject to Government approval) be sold to China Capital Investment Group (www.ccig.com) for an undisclosed sum. It is currently intended that the sale will take place in mid March 2015. Following an extensive international marketing campaign, Daydream Island’s long-time owner Mr Vaughan Bullivant has secured a sale to CCIG Australia Pty Ltd and CCIG Investments Pty Ltd.  The new owners intend to continue to operate Daydream Island Resort and Spa and invest money into the gradual refurbishment of the popular resort. “I’m delighted that we’ve found an investor that can continue to operate Daydream with the current management team and take it securely forward,” Mr Bullivant said. “Daydream Island has been a huge part of my life and I’ve put so much passion into making it a great tropical island experience but have known for some time it’s best for another owner to continue my vision. “This is a great day for Daydream and whilst I’m sad to be parting ways the island has a very bright future. “The new owners also have an opportunity to develop further the southern end of the island and offer new accommodation experiences.” China Capital Investment Group, based in Shanghai, has several tourism assets in its portfolio with Daydream Island representing its first investment in Australia. Chairman of CCIG Chuanyou Zhou said, “We look forward to improving the property and providing both domestic and international guests with a continued high level of quality service and enhancing their holiday experience.” Vitamin and health magnate Mr Bullivant bought Daydream Island in 2000 and immediately reinvigorated the resort with an extensive overhaul to bring it up to international standards and become one of the most sought after holiday destinations in Australia. Daydream Island Resort and Spa chief executive officer Scott Wilkinson said, “It’s business as usual at Daydream and we’re pleased to welcome a new owner who will continue to develop the tourism experience for our guests in our key markets. “We’ve just experienced a busy holiday period and look forward to building on the positive guest feedback we continue to receive. “Our leisure, weddings and conferencing sectors all have strong forward bookings for 2015. It’s going to be an exciting year ahead.” Four and a half star Daydream Island Resort and Spa has 296 rooms and suites, each offering views of tropical waters or rainforest. The island features white coral beaches and lush rainforest and has been the recipient of numerous tourism and hospitality awards including the 2014 Whitsunday Tourism award for Best Deluxe Accommodation, subsequent induction into the Hall of Fame, and a prestigious silver award for deluxe accommodation at the 2014 Queensland Tourism Awards. Daydream Island is home to The Living Reef which is the largest open air aquarium in the Southern Hemisphere and is located within the resort and comprises two lagoons with over 80 varieties of coral and more than 140 species of fish including sharks, stingrays, giant barramundi and many tropical marine fish including the much loved clownfish. Guests can also indulge and be pampered at the world-class Rejuvenation Spa. The refined elegance of this spectacular facility is reflected in its 16 private rooms offering the latest in naturopathy, hydrotherapy, aromatherapy or reflexology to stimulate the senses and bring harmony to mind, body and ENDS media enquiries to Brenton Gibbs Tel +61 (0)419 828440 brenton@rgcommunications.com.au
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PIC-Cranes-dominate-cities_1000pxWOne indicator of the strength of the building sector has long been the number of cranes found on a city’s skyline. Property strategy firm Rider Levett Bucknall (RLB) has released a report showing that there are 324 cranes currently erected for the purpose of residential building across Australia’s capital cities, an increase of 52% from the same time a year ago. St Hilliers executive chairman Tim Casey said that low interest rates and demand for inner city living had helped fuel the demand for residential investment by developers. “What we’re seeing is continued confidence in the residential sector and hence strong levels of apartment building,” Mr Casey said. “We have experienced this ourselves with exceptionally strong sales for our latest residential developments in Penrith and Canberra.” St Hilliers has sold the majority of apartments available in a matter of weeks in its new residential developments Thornton Central at North Penrith and Atelier at Kingston Foreshore in Canberra. The strong sales mean commencement of construction of both developments can be brought forward. The RLB report showed that activity was strongest in Sydney and Melbourne with 119 and 93 cranes respectively, followed by Brisbane and Perth with 50 and 40 cranes each. Overall, there were 400 residential building cranes identified in use across Australia and New Zealand. Survey source: https://www.mywealth.commbank.com.au/property/need-for-apartments-gives-rise-to-more-cranes-news20141021
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