This article is from the Australian Property Journal archive
IRIS Capital is set to launch its $800 million Victoria & Albert Broadbeach twin tower apartment development, as the borders look to open around the country.
Colliers Gold Coast is planning to launch its marketing campaign for V&A Broadbeach, which was announced by Iris Capital back in September, in tandem with the reopening borders and just in time for the Christmas-New Year selling season.
“Historically Broadbeach has had a very strong family market, but this has dissipated in recent years. However, we believe the opening of the borders will bring this market right back into the frame,” said David Higgins, director of residential at Colliers.
Across the towers, there will be 401 residential apartments, with a recreational podium, two levels of offices and commercial facilities and hospitality and food and beverage retail offerings on the ground floor.
“We’re looking to introduce a mix of product right in the heart of Broadbeach that attracts the family buyer, luxury downsizer and investors looking for solid returns as the Gold Coast grows out of the Covid lockdowns,” added Higgins.
The DBI Architects-designed apartments will include, one-, two- and three-bedroom floorplans, as well as both sub-penthouses and penthouses on the upper floors of both towers.
“V&A Broadbeach presented a unique opportunity to create a lasting icon for the coastal precinct that can be appreciate by more than just its residents,” said Raith Anderson, director at DBI Architects.
Amenities at V&A Broadbeach will include a pool, gym, yoga deck, resident’s lounge, kid’s recreational area, a zen garden and outdoor dining space, all on the subtropical elevated podium.
“Its design is quintessentially Gold Coast, from its lavish double beach shower and surfboards storages to its cascading subtropical landscaped terraces, V&A is a rare product for those in pursuit of a coastal destination with the lifestyle and cultural variety of a cosmopolitan locale,” added Anderson.
Additionally, both towers will include a top floor owners lounge, with dining space, a yoga room and office spaces.
The development will be the first high end residential, retail and culinary precinct in central Broadbeach in more than a decade.
“The Broadbeach precinct is primed for a rebirth, and we are thrilled to be creating a pillar of the community to connect the next generation of Gold Coast locals to the idyllic beachside dream,” said Sam Arnaout, founder and CEO of Iris Capital.
