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High-Rise Development Success With 95% Sold Of Westmark Milton

westmark


Lang Walker’s twin-tower venture in suburban Brisbane is already 95 per cent sold ahead of expected completion in 2016.

Westmark Milton is a first in high-rise developments for the inner-city suburb.


According to The Australian, the billionaire developer has eight projects worth $4 billion under way across southeast Queensland.

Mr Walker is backing the Brisbane market after questioning some of the development-site sale prices being paid in the southern states.

Westmark Milton includes 277 apartments with ground-floor shops adjacent to the train station and 1990s retail and restaurant strip Park Road.

Pete Saba, Walker Corporation’s Queens­land general manager

, told The Australian there were 15,000 workers within 10 minutes of the towers, which were 2 kilometres from the city and close to universities.

“The great location and surrounding amenities have contributed to a high demand for this product, along with the recovery of the Queensland market in 2014,” he said.

"International students, first-home owners and young professionals have bought into the complex.

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