Transformative Development Opportunity at 'City North' in Greater Springfield
Springfield City Group are seeking a development partner who has a long-term vision and the ability to contribute their expertise towards the development of the 'City North' site within Greater Springfield. This prime residential offering has circa 650 metres of direct frontage to the 'Brookwater Golf Course', designed by Greg Norman. The site is 6.8282 hectares in area and has 'Master Area Development Plan' approval for a residential-led mixed-use development.
Key Features of this opportunity include:
- Population Growth: Greater Springfields population is forecast to grow by 3.6% per annum to 2036, almost double the growth rate of Brisbane of 1.9%.
- Development Flexibility: Situated within the Springfield Town Centre zone, the site offers unparalleled flexibility for various residential uses. This includes attached dwellings or town houses, apartments Build-to-Sell (BTS) and Build-to-Rent (BTR), and Purpose-Built Student Accommodation (PBSA), aligning with Springfield City Group's (SCG) vision.
- Significant Investment Opportunity: Be part of the Springfield success story, which spans over 30 years and has seen more than $18 billion invested in social infrastructure including rail transport, hospital, schools and university. The forecasted total investment is projected to exceed $85 billion upon completion.
- Exceptional Connectivity: Situated approximately 25 kilometres south-west of the Brisbane CBD and approximately 40 minutes to the Brisbane Airport, via major transport corridors and rail network.
- Capital-Efficient Joint Venture: This development opportunity offers a capital-efficient platform for the preferred development partner. Springfield City Group are seeking a partner to contribute expertise and share in the capital efficiency of this transformative project.
Prime Location Benefits:
- Adjacent to Brookwater Golf Course: Enjoy direct frontage to the Greg Norman-designed Brookwater Golf Course.
- Close to Major Amenities: Walking distance to Brighton Homes AFLW Arena (an Olympic Venue), Springfield Central Railway Station, and Orion Regional Shopping Centre.
- Emerging Residential Demand: Capitalize on the growing demand for medium to higher density living in Springfield City, with forecasts indicating the need for over 3,000 apartments by 2041 (Source: Econisis Report, May 10, 2024).
This development site offers an unmatched opportunity to be part of the Greater Springfield story, contributing to a thriving community that blends luxury, convenience, and strategic growth.
For more details or to express your interest in this unique joint-venture development opportunity, contact Colliers today.
