Construction Update – April 2016

National builder, Watpac is progressing well with construction on the Newstead Series luxury apartment and townhome project in Brisbane’s prestigious inner city suburb of Newstead.

Construction works being undertaken in April include:

  • Diaphragm basement wall construction commencing with walls along the Western boarder of Tower 3, The Ajax
  • Capping of redundant service connections and establishment of temporary services
  • Completion of the Energex undergrounding works in Austin Street.

The Newstead Series comprises four boutique buildings – The Carlyle, The Donaldson, The Ajax and The Koerstz – which were named after Australia’s famous wool presses. The buildings are set amongst half an acre of subtropical landscaped gardens featuring a 25m pool and spa, sauna, gymnasium, alfresco dining areas, fire pit, outdoor cinema, recreational lawns and exercise spaces.

NewsteadConstructionseries-shoot3-press-132        NewsteadConstructionseries-shoot3-press-101

Developer John Livingstone from JGL Properties said “Buyers are impressed by the project’s truly unique half an acre of outdoor at grade living spaces and lifestyle amenities.”

“The Newstead Series has attracted a variety of buyers being local downsizer owner occupiers who are purchasing premium street front townhomes, young professionals looking for an inner city apartment, and savvy interstate buyers who are taking advantage of the arbitrage in the market”, he said.

“What sets the Newstead Series apart from other projects are our boutique buildings, attention to detail through the integration of artwork within the design, more than 65 unique apartment and townhome configurations which are 20% larger than majority of stock currently in the market, whilst maintaining competitive price points.”

“We have worked hard to bring together the best firms in the industry to design, develop and deliver Newstead Series. We’re proud to have the backing of JLL as Management Rights owner, Thakral Captial as our capital partners, national builder Watpac and cutting edge architect Bureau Proberts” Mr Livingstone said.

Watpac Limited Managing Director, Martin Monro, said “We are delighted to be part of such a highly-sought after, quality boutique development in the exclusive Newstead House precinct of Brisbane.”

The project is on track and scheduled for completion in 2017 and is expected to have a peak workforce of more than 250 people during construction.