Record Sales Drive Early Release of Lend Lease's South Yard

Record sales have led leading international property

Lend Lease to release South Yard, the second tower in The Yards at Brisbane Showgrounds, four months ahead of schedule on 29 November.

The Yards has 401 residences across 16 and 18 level towers, and 11 terraces. The first release was the 208 apartment tower, North Yard, now nearly sold out, which set a Brisbane record in September selling 160 apartments in just four hours.

CEO of Lend Lease’s Property business in Australia, Tarun Gupta said it was satisfying to bring South Yard to the market ahead of schedule and an exciting milestone for Lend Lease and development partner, RNA.

“Our great success on North Yard has given us confirmation buyers are attracted to the food-focused high street - King Street - we’re creating together, and the amenity and quality we’re offering,” Mr Gupta said.

South Yard has 182 apartments over 16 levels, including 84 two-bedroom two- bathroom, 28 two-bedroom one-bathroom and 70 one-bedroom one-bathroom. Prices range from $385,000 for a one-bedroom apartment and $525,000 for two- bedroom one-bathroom apartment.

Designed by award-winning architects, Hayball, The Yards features state-of-the-art kitchens, and floor-plans that maximise breezes, views and natural light. All apartments in South Yard feature an energy monitoring system to allow greater individual management of energy usage. Internal features include ceiling mounted track lighting, customised mobile kitchen island bench featuring designer, reinforced-concrete benchtop and movable shelving.

Hayball Director, Robert Stent said the inspiration for the distinctive façade along Carriage Way came from the precinct’s atmosphere, playing off the existing grandstands’ brickwork with distinctive red and orange colours and textures.

“We’ve activated the building’s edges to create an urban environment reminiscent of a city streetscape, and focused on amenity to encourage neighbours to interact with each other,” Mr Stent saidSouth Yard shares the 2,500 square metre health and lifestyle podium, which includes 20 wellness and entertainment hubs dotted through green gardens. The podium also features an origami-shaped pool, with internal bench seating, and is bordered by five private pool terraces.

The Yards will front the precinct’s new high street, King Street, and will include a 1,200 square metre supermarket and 800 square metres of specialty retail. Upon completion, King Street will become a historic landscape reflecting the Brisbane Showgrounds’ 139 years of heritage and will include up to 40 cafes, bars, street dining options and fresh food providers.

The Yards is expected to commence construction mid-2015. The first residential apartments at Brisbane Showgrounds, The Green, are sold out and currently under construction to be completed by mid-2015.