Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Sunday, 10 April 2016

'Roo Point

Just had a quick look around the point yesterday.

More foreign-financed development here, with 76 new units going in next to Kangaroo Point Cliffs Park in Brisbane soon, in a landmark $100 million development.

The 2,229 square metre site was snapped up in 2014 by Singapore-based hotel operator Banyan Tree, for a lazy $15 million.

There is plenty of unit development is underway in this part of Brisbane at the moment, and this development will add mainly high-end 2 and 3 bedroom apartments ($900,000 to $2 million), and four penthouses at the top.

I understand that this development is also planned to have ground floor retail to add to the nearby Kangaroo Point Cliffs Café, which I go to quite a bit (I like the lizards up there).

Anyway, it's a lovely spot, and I'm sure it will be better than the block of dirt car park that was there before.  

Decent views!