SOKO FAST-TRACKED AFTER SALES TIP $54M

SOKO FAST-TRACKED AFTER SALES TIP $54M

SPYRE Group has fast-tracked construction on its SOKO Waterfront development at West End, after apartment sales tipped $54 million.

Builder Civic will commence work on the seven-storey property onsite in coming weeks, with the project expected to be completed in 13 months.

Spyre Group general manager Andrew Malouf says the development's location and market-leading technology resonated with investors.

"SOKO is set apart by its absolute waterfront location, modern finishes and the latest smart building technology," Malouf says.

"Buyers have been extremely inquisitive about the pioneering virtual concierge system that is being developed at SOKO."

The Brisbane-first virtual concierge system allows residents to log maintenance requests, monitor utility usage, book transport to the airport and access exclusive deals in the area.

The development also offers the latest technology in integrated security and home solutions, complete with number plate recognition for residents and visitors.

"Every apartment will be able to take advantage of these innovations which has yielded strong sales across investor and owner occupier stock," Malouf says.

Spyre Group is also in talks with a manufacturer in Italy to develop the virtual concierge for another development in New Farm.

Designed by Vabasis Architects, SOKO Waterfront features 120 one, two and three-bedroom apartments starting from $409,000.

 

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

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

Carsales.com founders sell Melbourne office development for $60.25m

Carsales.com founders sell Melbourne office development for $60.25m

A Singapore-listed property trust managed by Frasers Property (SGX:...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Vet services business Apiam Animal Health (ASX: AHX) has gone ...

Scrap metal recycler Sims picks up Brisbane port site for $88 million

Scrap metal recycler Sims picks up Brisbane port site for $88 million

In order to acquire one of the few remaining Brisbane sites with de...