The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 15 DAYS UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 15 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
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
DevelopmentMarisa WikramanayakeMon 09 Dec 24

Mosaic Lands $210m in Pre-Sales at Kangaroo Point

Mosaic has made $210 million in pre-sales ahead of a public launch of its project The Bedford in Kangaroo Point.

Interest in the Brisbane apartment market has been underscored by Mosaic Property Group recording $210 million in pre-sales in the first two weeks of the launch to investors of its Kangaroo Point tower.

The project, The Bedford, slated for a 3195sq m site at 25 Ferry Street, in the River City’s inner south, garnered more than 600 expressions of interest. 

A launch to the public is scheduled for late January. The result is the strongest early response for Mosaic in Brisbane with the bulk of sales from the developer’s database.

The developer said the $324-million project is the first major development in the area in more than a decade. 

It will deliver 128 two and three-bedroom apartments and penthouse-style homes over 17 storeys in the Dockside precinct.

The project will also have a 2236sq m Woolworths supermarket, cafe, liquor store and basement parking.

Mosaic bought the site, which had been vacant for several years, from Woolworths and hired Brisbane-based architects BDA to add to the Cottee Parker-designed plans. 

Since 2012 the developer has delivered more than 65 projects exceeding $2 billion in combined value and has another $2 billion in projects under construction or in the pipeline.

Amenities at Mosaic's The Bedford in Kangaroo Point include a rooftop pool, a cafe, a liquor store and a full service Woolworths supermarket.
▲ Amenities at The Bedford include a rooftop pool, cafe, liquor store and a full service Woolworths supermarket.

It is working on completing three other sold-out projects in Brisbane next year.

Mosaic also has an in-house construction arm—it will get work under way on The Bedford next year ahead of completion in 2027.

The strong sales result is one of a number for apartment-focused projects in the Sunshine State.

Kokoda Property Group’s Teneriffe Banks achieved $285 million in sales on its first day, setting a record for the strongest single day of apartment sales in Queensland.

Kokoda Property Group managing director Mark Stevens told The Urban Developer at the time that there had been 1500 registrations for 200 apartments with 5000 registrations and 600 appointments ahead of the October launch. 

null
▲ Resort-style amenities and a river floating pool and marina cap off the city-shaping Teneriffe Banks project.

“The sales and level of interest in such a short period reinforces our belief that Teneriffe is ready for a development of this scale and sophistication, and speaks to the city’s growing demand for luxury and innovation in urban living,” Stevens said.

Teneriffe Banks is a $1.5-billion mixed-use precinct with five buildings, including a five-star hotel. Kokoda bought the riverfront site for $100 million. 

ResidentialRetailQueenslandBrisbaneDevelopmentCommunityArchitectureQueenslandMarketsReal EstateMarketingPre-constructionProject
AUTHOR
Marisa Wikramanayake
The Urban Developer
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
View All >
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
For not the first time, a planning minister has intervened in the project as Victoria pushes its renewable energy plans …
LATEST
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
3 Min
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
3 Min
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/mosaic-property-group-kangaroo-point-presales-brisbane