This article is from the Australian Property Journal archive
SOUTH Australian property developer Urban Construct has appointed Colliers International to provide investment sales services, as the company seeks to establish a stronger presence within the South East Queensland property market.
Urban Construct has over $6 billion worth of projects in various stages of planning and construction in SA including the $600 million Holdfast Shores redevelopment of the cosmopolitan Glenelg foreshore; the $900 million The Precinct, Adelaide CBD’s largest, mixed use redevelopment; and the $2 billion Newport Quays redevelopment of over 50 hectares of waterfront land.
Colliers Gold Coast executive of investment sales James Taylor said he will work closely with Todd Brown, CEO of Urban Construct, to identify development opportunities to build the company’s local presence.
Brown said the company has been analysing opportunities in South East Queensland for some time, having identified this growing market as part of a low risk expansion strategy, particularly given South East Queensland is currently the most dynamic market in Australia.
“The Board of Urban Construct has made a long term commitment to being a major force in the development scene in Queensland and will look to secure short, medium and long term development opportunities across a variety of asset classes,” Brown added.
Urban Construct’s first foray into the Queensland property market is the recently announced $250 million mixed- use Harbour site within Nifsan’s $1 billion Emerald Lakes master planned community.
Australian Property Journal
