This article is from the Australian Property Journal archive
Devine has paid $3.3 million for a 2,069 sqm land parcel adjoining Devine’s recently purchased Butter Board site at Hamilton, Brisbane.
Devine’s managing director David Devine said the site will be amalgamated to form part of Devine’s master-planned Hamilton Harbour mixed-use development, which is expected to have an end value of approximately $200 million.
Together with the Butter Board site, acquired by Devine recently for $19.5 million, the aggregation now totals 17,555 sqm.
Devine said the purchase of the land currently occupied by the Seafarers Mission would allow for the residential component of the mixed-use development to have a deeper setback off Kingsford Smith Drive and be in closer proximity to the Brisbane River.
The sale of the land parcel was negotiated by Matthew Curtain of Curtain O’Donnell Property Group.
By Kathryn O’Meara
