Queensland developer
Property Solutions is poised to light up Toowong's skyline with its Illumina tower after the $120 million project secured development approval late last month.
The 221-apartment tower will rise in the heart of Toowong just 100m from Toowong Village in a joint-venture between Property Solutions and China-based
Property Solutions joint managing director Kevin Miller said Illumina had attracted strong sales inquiry since its unveiling in September.
"The volume of interest we've fielded so far demonstrates there is a high level of demand for quality apartments in Brisbane's inner north-west," he said.
"We are keen to deliver a project that meets the expectations and needs of prospective buyers in this market.""Illumina'a proximity to Toowong Village, Brisbane River and its CityCat network, the University of Queensland, Toowong train station and the CBD will appeal to both discerning end-users and investors capitalising on the rapid growth of Brisbane's inner city apartment market."The 20-level tower will rise on a 2077sqm site on the corner of Lissner and Jephson Streets and will include a range of one, two and three bedroom apartments.
Set for completion in 2017, Illumina is the first international project for Chiwayland which is embarking on the 50-50 venture with Property Solutions after listing on the Singapore Stock Exchange in August 2014.
Mr Miller said Property Solutions was keen to continue its decade-long track record of urban renewal projects in Brisbane, including the $270 million Circa Nundah Village which is currently underway.
Mr Miller said Property Solutions had plans to jointly deliver further projects with Chiwayland, including two future stages within Circa Nundah Village.
