CITIMARK BREAKS GROUND ON $85M IPSWICH PROJECT

CITIMARK BREAKS GROUND ON $85M IPSWICH PROJECT

BRISBANE property group Citimark has broken ground on its landmark $85 million Silkstone urban renewal project in Ipswich.

The 14-hectare site will comprise a shopping centre, residential subdivision and parkland, with more than 75 per cent of the first stage already sold.

Citimark joint managing director Angus Johnson says the project is a key part of the suburb's wider transformation, which has attracted property fund ISPT, international and interstate investors and local owner occupiers to Ipswich.

"Following months of preparation, we've begun the construction phase on what is one of the most significant residential projects underway in Silkstone," Johnson says.

"Silkstone Residences is affordably priced with a high standard of fixtures and finishes that are unparalleled by other developments in the area.

"The project's premium location and its proximity to amenities and transport have resonated with buyers."

Builders Urbane Homes and QNV Constructions have been appointed to construct the residential element, with Hutchinson Builders awarded the shopping centre contract.

Silkstone Residences will feature 91 traditional houses and 49 terrace homes on lots ranging in size from 185sqm to 500sqm, with house and land packages starting from $329,000.

The Silkstone projects are part of Citimark's $1.5 billion diversified development book which is currently focused on south-east Queensland.

Image: Cr Andrew Antoniolli, Mayor Paul Pisasale and Citimark joint managing director Angus Johnson.


 

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Top tips for successful digital transformation
Partner Content
Digital transformation, when done well, can transform your organisation's operation...
Advertisement

Related Stories

Early-stage funding hits record high as mega-deals drop off

Early-stage funding hits record high as mega-deals drop off

Despite venture capital funding falling by a third for Australian s...

The Star hit with two more shareholder class actions

The Star hit with two more shareholder class actions

Law firms Phi Finney McDonald and Shine Lawyers (ASX: SHJ) have ser...

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

The parent company of Boost Juice is set to return to Australian ha...

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Alternative medicines stocks are on a tear today as investors take ...