The Eagle Farm Residential precinct Expressions of Interest campaign closed last week and submissions are now being reviewed by the Brisbane Racing Club in order to shortlist potential parties to partner with the Club for one of Brisbane’s best residential development opportunities.
Brisbane Racing Club’s General Manager for Property, Mr Jeff Kahler said the Club is delighted with the number and quality of submissions received seeking a joint venture partner for what will be one of Brisbane's most exciting developments.
“The submissions are currently being reviewed by the Club and the top contenders will be invited in to present to the Club. These presentations will further assist us to determine the final shortlisted parties.
“Brisbane Racing Club has obtained planning approval for the master planned development of Eagle Farm and Doomben Racecourses and is seeking a joint venture partner for this iconic Brisbane residential opportunity which will appeal to large developers who want to be involved in a premium, large scale development,” Mr Kahler said.
Read more about the Eagle Farm Residential precinct here
Knight Frank’s Richard Morrison and Paul Henley are exclusively marketing this residential development site on behalf of the Brisbane Racing Club.
Knight Frank’s Director of Commercial Sales, Mr Morrison said that the master planned development of the non-core land of Eagle Farm and Doomben Racecourses is a rare opportunity and the broad marketing campaign attracted well over 100 enquiries from local, interstate and offshore developers.
“This development is one of the largest and most exciting lifestyle projects in Brisbane’s history and we have received an excellent response from local, interstate and offshore developers,” Mr Morrison said.
“The Eagle Farm Residential Precinct is located alongside the Eagle Farm Racecourse and is designated as a high density residential area. This site is capable of sustaining in excess of 1,000 apartments and is situated immediately next to a proposed mixed-use development which may include a range of uses comprising retail, commercial, hospitality and entertainment facilities.
“The site is located in a popular lifestyle precinct, well serviced by public transport with rail, bus and Citycat all close by and easily accessible from all parts of Brisbane and beyond via Inner City Bypass."
The shortlist of parties for the partnership opportunity of the Eagle Farm Residential Precinct which forms part of the Eagle Farm Master Plan will be announced in the coming weeks.
Feature image source: News.com.au