Construction Starts on Apartments at SW1

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SW1, South Bank Brisbane, Queensland

Construction has begun at one of the best located residential developments on South Bank – the much anticipated apartment component at the SW1 development started work in June.

Only four apartments remain on the market at SW1, a fully integrated, master planned mixed-use urban village in the emerging South Bank Precinct located only 750 metres from the Brisbane CBD. Two commercial buildings and street level retail are already in operation, bringing increased vibrancy to the area.

Developers Austcorp Group Limited and Property Solutions have engaged award-winning architects for the design of Eden and Dos which comprise Stage One of SW1 residential.

Eden has been designed by leading architectural firm JMA, headed by John Mainwaring, one of Australia’s most influential architects and a winner of the country’s most prestigious residential architecture prize, the Robin Boyd Award.

Dos is the product of award-winning commercial designers, Haysom Architects, who built the Byron at Byron Resort which was nominated as one of the world’s best resorts by the Conde Nast Traveller magazine. It also won Haysom an RAIA National Council award for architecture last year.

The masterplan for SW1 includes residential apartments, four commercial towers and retail nodes fronting both Melbourne and Russell Streets, linked internally through the site by a pedestrian spine. Five architects are involved in the design of the overall site, resulting in an innovative and cutting edge market appeal.

Austcorp’s Queensland State Manager - Built Form Alison Quinn said: “The strong pre-sales are a credit to the success of the entire SW1 development with its retail, commercial and residential opportunities playing a vital role in linking the inner city cultural hubs of South Bank with West End.”

Mrs Quinn said SW1 offered residents the ultimate in city living.

“With shops, restaurants, markets and business on its doorstep and Brisbane CBD only minutes away, SW1 is revolutionising inner city living in Australia’s fastest growing city.

“Latest figures show unit sales in Brisbane’s southern suburbs have been outstripping the rest of the city in the past five years, so buyers have recognised the potential for investment returns.”

Remaining apartments are all two bedrooms, ranging from 86 square metres to 118 square metres (total area) and priced from $499,000* to $614,000*. Settlement is expected in April 2008.

*Prices as at 16 October 2007

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