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.