The 12.7 hectare Springfield development site for sale with the Colliers team of Lachlan MacGillivray and Harry Dever, in conjunction with the Stonebridge Property team of Julian White and Philip Gartland representing Springfield City Group.
The 12.7-hectare site is prime for development and is located in a high growth region of Queensland.
“City West”, located in Greater Springfield, one of Australia’s fastest growing regions, offers a flexible mixed-use development site that can be transformed into a variety of uses. Permissible uses which have already received initial approvals include convenience retail, large format retail, commercial offices, entertainment and leisure, and medium density residential.
Located approximately 25 kilometres southwest of the Brisbane CBD, Greater Springfield has a rapidly expanding population, growing at 3.7 per cent per annum on average, which is expected to exceed 75,800 by 2036, making it one of Australia’s fastest growing regions. (Deepend Services Report – November 2023)
The landholding is listed for sale with the Colliers team of Lachlan MacGillivray and Harry Dever, in conjunction with the Stonebridge Property team of Julian White and Philip Gartland representing Springfield City Group in the sale.
“A lot of the heavy lifting has already been completed over the past 32 years with $18 billion of social and physical infrastructure projects completed to date including the $1.2 billion Springfield Rail network with two stations, the $80 million Brighton Homes Arena and the $85 million Mater Hospital, just to name a few.”
“It's now time to offer this unique site to the market. The development will inject a new wave of activity into Greater Springfield and provide further amenity to the rapidly growing region” said Founder and Chairman of Springfield City Group, Maha Sinnathamby.
”New retail floorspace needs to grow by 2.2 million square metres to service the population growth over the next decade. Hence, key retail development sites such as City West are becoming critical as retail demand outweighs supply.” Added Colliers Managing Director, Lachlan MacGillivray.
This is a once in a generation opportunity to acquire a 12.7-hectare landmark landholding with significant development potential. Strong population growth, retail spending and pent up retail demand are the key drivers set to draw strong interest as the site comes to market.
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