The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
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
RetailStaff WriterSun 18 Jan 15

International Developer Secures Buranda Site For $51.3m

B

A Singaporean exchanged listed company have purchased Anthony John Group’s 1.7-hectare transit-oriented Buranda, Queensland site for $51.3 million.

The deal, finalised in late December 2014, marks

Wee Hur Holdings Ltd first foray into property development in Australia, with the Group planning to spearhead the approved high-rise mixed-use development comprising residential, retail and office.

CBRE’s Flint Davidson and Mike Walsh assisted Anthony John Group with the Buranda sale.

Anthony John Group CEO Shane Bulloch said Buranda’s strategic location, at the heart of major transport arterials, combined with Brisbane’s population and economic growth potential, drove strong interest from local and offshore investors.

Mr Bulloch said the deal was significant in terms of its size and complexity, but also as a reflection of the value transit-oriented and urban renewal projects continue to hold in the market.

Mr Goh Yeow Lian, Executive Chairman of Wee Hur, confirmed such sentiment, saying, “We are excited for this opportunity to build an iconic development in a new market.

“As much as it is a new environment for us, we are optimistic of this project in view of the good location of the acquired land which is just beside a transit station and the growth potential of Brisbane city in both population and economy.”

This is the second offshore investor that has chosen an Anthony John Group project for their maiden venture into the Australian property market.

In April 2014, German property giant Union Investment Real Estate purchased Flight Centre’s new global headquarters at Southpoint for $200 million, the deal was Brisbane’s largest office transaction for the year.

“We are very proud to have shone an international spotlight on Brisbane and introduce two such significant investors,"Mr Bulloch said.

“It is not only a testament to the attractiveness of Brisbane in the global real estate market, but to the strength of our vision for both projects.”

ResidentialAustraliaBrisbaneConstructionReal EstateConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
The city with Australia’s highest parking rates, and cheapest public transport fares, is also proving our best performin…
LATEST
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/international-developer-secures-buranda-site-51-3m