The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterTue 16 Aug 16

Banyan Tree Officially Launches Luxury Residences in Brisbane

Screen-Shot-2016-08-17-at-2

Banyan Tree Executive Chairman Ho Kwon Ping and Brisbane Lord Mayor Graham Quirk officially launched the first ever Banyan Tree project in Australia.

Interest and sales in the $150-million-dollar development have been strong, with over a quarter of the 76 private residences sold in the pre-launch period to a mixture of local and interstate buyers as well as current Banyan Tree owners.

Banyan Tree Executive Chairman Mr Ho Kwon Ping said the project will set a new benchmark for luxury residential in Australia.

The end result will offer  24-hour Banyan Tree concierge service, onsite Banyan Tree Spa and retail Gallery, premium dining venues and an exclusive rooftop garden with private function room, barbeque facilities, daybeds and an expansive infinity pool.

The property will also feature additional gymnasium, and a secure underground car park. Residents will also enjoy proximity to some of the city’s best dining and cultural precincts, as well as schools, universities, hospitals and transportation.

“Through our network of hotels, resorts, spas and golf courses, we are in an incredibly unique position being able to offer our buyers a lifestyle that has the hallmarks of a premium hotel experience, with connections through to our global network.

"It seems fitting to be building our first residences in Brisbane, which has proven to be a dynamic new-world city that has already drawn great interest from local and international buyers,” Mr Ping said.

Coinciding with the official launch, the Queensland-headquartered Watpac are in line to be announced as the successful tender to oversee the construction of the project. Over 500 jobs will be created during the works slated to commence in Q4 of 2016 and to be completed in early 2019.

In addition to jobs created through construction, Banyan Tree Residences Brisbane will also have ongoing employment opportunities for the 24-hour concierge, retail store,  spa and maintenance teams as well as for the onsite food and beverage venues.

Cr Quirk said Banyan Tree’s decision to choose Brisbane as its first Australian destination to invest was a major vote of confidence in Brisbane being held up as a New World City.

“The Brisbane 2022 New World City Action Plan released last year recognised and prioritised foreign direct investment into our city as a key economic driver for jobs, over the next seven years.

“Brisbane is continuing to grow its reputation as a destination of choice for business, investment and major events, and we continue to see interest from international investors, especially from the Asia Pacific,” he said.

Banyan Tree has also unveiled a display suite adjacent to the construction site, which offers prospective buyers a preview of a full-scale two-bedroom residence.

In addition to the Brisbane development, Banyan Tree have also invested in a prime beachfront site on the Gold Coast.

Located in the heart of Surfers Paradise, this will be one of the group’s largest undertakings to date and see the introduction of more of its award-winning brands to Australia along with an opportunity for potential joint venture partners to secure a stake in this significant project.

Images sourced from www.banyantreeresidences.com.

ResidentialAustraliaBrisbaneSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
The property giant has paid $315 million for shopping centres in Melbourne and Sydney as its repositioning gains steam… …
LATEST
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
2 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/banyan-tree-officially-launches-residences-in-brisbane