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Airport space hot property on the Gold Coast

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Airport space hot property on the Gold Coast

Airport Central is proving a top destination for Gold Coast businesses with a raft of new tenants joining the Gold Coast Airport commercial mix.

Two new tenants have recently taken space at the already bustling precinct, with childcare operator Edge Early Learning and inTechnology Distribution signing up to an area that boasts a university, shops, a petrol station, cafes, tech companies – and a busy aviation business.

Edge Early Learning, which was established in 2017 and already has five centres in Brisbane and another at Pimpama, has taken a 1,686sq m space at Airport Central.

The centre will open later in the year, employing about 30 local staff with capacity for 122 children.

Technology distribution and training company inTechnology Distribution, has taken a five-year lease on a 309sq m space with the ability to quickly move from desk to plane a key attractor.

Owner and tech entrepreneur Mark Winter said his clients could comfortably travel up from Sydney or Melbourne for a business meeting and be onsite at inTechnology a few minutes later, with no car ride needed.

“We’re a global technology distributor, so our clients and staff are frequent travellers,” Mr Winter said.

“From that perspective the airport location was a no-brainer. There are also great accommodation options nearby, for people staying overnight and the proposed Rydges Hotel at the airport will be great for accommodation and entertaining within a short walk from our office.

“The southern Gold Coast is coming into its own, and there is a great commercial mix with good amenity in the airport precinct.”

Edge Early Learning CEO Annie Bryce said the phone had started ringing and emails arriving before the ink dried on the lease.

“We put the feelers out to local businesses – the airport obviously and Southern Cross University, which has a high proportion of mature age students,” she said.

“We saw a gap in the market in that location, and the response confirms there is significant demand on the southern end.”

Queensland Airports Limited Executive General Manager Property and Infrastructure Carl Bruhn said Edge Early Learning an inTechnology had both sought a strategic location in a growing commercial area.

“They are in the heart of the southern Gold Coast, with big businesses and a strong residential catchment on their doorstep,” he said.

“Factoring in other major leasing deals in the pipeline, Airport Central is close to full occupancy.”

Airport Central is owned and occupied by Queensland Airports Limited and sits on 1.78 hectares, with more than 230 car parks. Tenants include Volcom, Freedom Fuel, Subway, Innovation Tank and InTechnology.

Limited office and retail space remains at Airport Central, with leasing rates ranging from $335 to $400/sq m.

About 1,014sq m of a-grade office space is also available in the nearby Ivy Pearce building, which has the Australian Federal Police as a key tenant.

Source: goldcoastairport.com.au

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Developments

ASF Group Lodge Application for Super Slim Surfers Paradise Skyscraper

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gold coast skyscraper
gold coast skyscraper

The developer of the failed $3 billion casino bid at the Gold Coast spit has lodged a development application for a super-slim beachfront skyscraper on Garfield Terrace in Surfers Paradise.

The ASX-listed ASF Group submitted the proposal for 50 luxury residential units across 31-storeys on a tight 607sq m site.

The proposed tower will comprise 46 two-bedroom apartments, three sub-penthouses (four-bedroom apartments) and just one five-bedroom, ultra-prestige, three-storey penthouse.

ASF acquired the site in early 2016 for $4,860,000, signing on architecture firm Blight Rayner and landscape architecture firm Byrns Lardner to steer the landscape-heavy design.

The main pedestrian entrance to the tower will be via Thornton Street, with communal recreation facilities including a yoga room, gym, club lounge and outdoor “infinity” pool proposed for the ground floor.

The building will feature an “automatic valet parking” system, with an operable lift taking just 86 seconds to store a car after a driver exits the vehicle.

The addition of the car parking system will allow the developer to more than double the amount of car parking spaces on the small 600sq m site.

If approved, the 104-metre tower site will be one of four 30-plus storey towers approved by council within a one kilometre radius of the site.

gold coast skyscraper

The proposed tower neighbours the Northcliffe surf club and offers absolute beach front access.Image: Blight Rayner

A number of luxury residential projects are under way close to ASF’s Garfield Street proposal, as developer’s respond to the growing demand for larger apartments on the Gold Coast.

The development application pointed to continual renewal south of the Surfers Paradise centre – led by Yuhu Group’s Jewel – as the “centre zone of Surfers Paradise grows”.

“A series of approved towers, up to 30 storeys, are positioned within the precinct of the proposed site,” the application said.

Yuhu Group’s $1 billion luxury Jewel development reached topping out stage in mid-August.

ASF Group’s Australian projects include the “Au” towers in Surfers Paradise and Southport, a 4-star beachfront hotel at Main Beach and the masterplanned three-stage Peninsula Hope Island community.

In London, ASF has proposed the $9 billion Castle Green urban renewal project which, if approved, will include the building of 15,000 dwellings and 370,000sq m of commercial, retail and community buildings.

The tower will cost an estimated $35 million to build and will aim for a 4 Star Green Star rating.

Source: theurbandeveloper.com

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Developments

Multi-Million Revamp of Burleigh Beach Pavilion Under Way

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Multi-Million Revamp of Burleigh Beach Pavilion Under Way

Work is under way to restore and future-proof Burleigh’s iconic beachfront pavilion.

The $9 million renovations will extend the second floor dining space further out towards the ocean, effectively doubling the floor space with an extra 150sq m and catering for up to 600 customers.

New owners, Sydney hoteliers Ben May and Robert Magid purchased the Gold Coast’s Burleigh Pavilion back in 2016 for $10.5 million.

The purchase came in the wake of Cyclone Oswald which caused significant damage to the restaurant in 2013.

To future-proof the building, windows will now be able to be detached to allow the sea in, reducing damage to the exterior facade.

Long term tenant Rick Shores are currently undertaking their own renovations with service set to resume towards the end of August.

The refurbished, yet-to-be-named restaurant on the pavilion’s second floor, will be helmed by acclaimed Sydney chef Guillaume Zika.

The developer, May Hotels, have insisted the new venue will be accessible to all and price accessible, with patrons encouraged to “enjoy the best location on the coast in your boardshorts for the cost of a beer or a burger”.

New showers have also been proposed to allow diners arriving right after a surf or a swim.

May Hotel’s portfolio currently includes Manly Wharf Hotel, Mrs Sippy Double Bay, Pier One Sydney Harbour and The Harbour Rocks Hotel as well as The Lindrum Hotel in Melbourne.

Construction is marked for completion December 2018.

Source: theurbandeveloper.com

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Developments

Construction Under Way on Surfers Paradise Riverside Project

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Construction Under Way on Surfers Paradise Riverside Project

Sydney-based property developer HCAP Developments and Marquee Development Partners have broken ground on their joint venture on the Gold Coast.

The nine-storey development, designed by BDA Architects, will mark the first riverside residential tower to be built on the Surfers Paradise peninsula in more than 30 years.

The 1,518sq m site is located at 5-7 Peninsular Drive, Surfers Paradise on an exclusive peninsula that connects the Surfers Paradise beachfront with the Gold Coast waterways.

HCAP and Marquee will deliver 60 apartments at the riverside location. The duo recently completed residential towers in Brisbane’s Newstead and CBD.

Peninsular’s rooftop retreat will be an exclusive oasis featuring a gym, movie theatre and private dining lounge.Image: HCAP Developments

Gold Coast Mayor Tom Tate joined HCAP Developments chief executive Steve Howell and Marquee Development Partners chief executive Mark Spedding to turn the first sod on Peninsular Residences.

“The Surfers Paradise peninsula is an absolute gem of a location, which has not seen a residential tower with a full complement of resort-style amenities built in more than three decades, so there has been significant pent-up demand,” Howell said.

Construction is under way after the project sold 80 per cent of its stock.

The developers have enlisted Gold Coast builder Rawcorp, with completion anticipated by mid-2019.

Source: theurbandeveloper.com

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