The $500m joint venture was named the best mixed-use development in the country at the Property Council of Australia’s Innovation & Excellence Awards in Sydney.
The companies joined forces in 2008 to transform a 2.1 hectare industrial area in the riverside suburb of Hamilton into a thriving residential, retail and commercial community.
Together, they have delivered 660 apartments across three residential towers, an A-grade commercial office building and 4,000 sqm of boutique retail space.
Leighton Properties National Head of Residential Gavin Tonnet said Hamilton Harbour is a prime example of the market’s shift towards medium-density communities offering lifestyle, convenience and proximity to work and recreational activities.
“Now one of Brisbane’s most desirable addresses, Hamilton Harbour’s premium location and quality of architecture, design and construction has attracted some 1500 residents, 650 office workers and hundreds of retail visitors,” said Mr Tonnet.
“The commercial and retail precinct - home to major tenants like Domino’s Pizza Enterprises, Devine Group, Woolworths, Anytime Fitness and The Coffee Club – has created new spaces for local residents and workers to gather and improved walkability throughout the Hamilton area.
“The development’s KSD1 and Central Retail Buildings – recently purchased by property fund manager 360 Capital – also respond to corporate demand for office space in the city’s fringe.”
Devine General Manager of Apartments and Development Cameron Mana said the development’s commercial success and industry acclaim is testament to the joint venture’s focus on long-term vision and strategic planning.
“From the very beginning, the project team identified five key attributes to the project’s success – quality, lifestyle, amenity, views and price – to which it was 100 per cent committed,” Mr Mana said.
“Hamilton Harbour was one of the first developments to get off the ground post-GFC and set significant sales records, including an impressive 95% pre-sales for its first and second residential towers.
Hamilton Harbour appealed to a variety of residential market segments, with prices from $320,000 for a one bedroom apartment to $2.25 million for a penthouse and rooftop terrace with river and city views.
Its completion corresponded with a surge in demand for Brisbane apartments, which - according to Urbis - jumped 162 per cent in 2013.