This article is from the Australian Property Journal archive
DIVERSIFIED property developer Goldfields has nabbed a prized 1,910 sqm development site the sought-after Brisbane CBD fringe locale of Fortitude Valley.
The 88 Robertson Street site, in the James Street precinct, last traded two years ago for $13.6 million. Goldfields would not be drawn on the sale price. A local source indicated to Australian Property Journal that the property sold in the mid-teens.
In the 2022 deal, luxury residential developer Azure Development bought the site in a sale and leaseback with KC Dry Cleaning.
“Even in a challenging market, we knew we had to jump at a development opportunity in Fortitude Valley – 88 Robertson Street is the perfect location for the type of high quality mixed-use commercial and retail precincts that Goldfields is renowned for,” said Goldfields’ CEO, Lachlan Thompson.
“While we are finalising our plans for the site, a priority will be further improving the neighbourhood amenity and sustainability through investment in the local streetscape, landscaping, deep planting of street trees, EV charging stations, and exciting hospitality spaces.”
Goldfields will being a community engagement program to understand how it can best deliver a commercial, retail, and urban renewal outcome on the site.
Thompson said the decision to invest in the inner Brisbane market is a vote of confidence in the strength and future of south-east Queensland.
The was negotiated by JLL’s Tim Jones and Harry Borger.
Among Melbourne-based Goldfields’ projects are the recently completed $400 million commercial office tower Goldfields House in Melbourne’s South Yarra, and master-planned communities in Victoria and Queensland.
