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fOr SaLE
BrISBanE’S BEST cBD rESIDEnTIaL DEVELOPmEnT SITE
THE frEncH quarTEr aGGrEGaTIOn - 4,061m2
I N F O R M AT I O N M E M O R A N D U M • 1 • N E X T PA G E >
South Bank Queensland Performing Cultural Treasury Queen Eagle Street Australian
Parklands University of Arts Centre Centre Casino Street Dining Precinct Stock
Technology Mall Exchange BrISB anE’S BEST
DEVELOPmEnT
OPPOrTunITY
• Brisbane is situated in South East Queensland, Australia’s fastest
growing region.
• The site is bounded by Alice, Albert and Margaret Streets - Brisbane’s
acknowledged premium CBD apartment precinct.
• 4,061m 2 with unlimited height potential configured as two individual
parcels:
- Carrington parcel 2,067m 2
- Camelot parcel 1,994m2
• North to North East facing with 360° panoramic views to the Botanical
Gardens, Brisbane River and Moreton Bay.
Botanical Gardens • Fully costed and detailed code assessable concept and feasibility
available.
• Substantial consultant, town planning, technical and market research
reports are available to further assist purchasers formulate design options
tailored to their brand.
• This opportunity is ready to go.
The images to the right were entries into the International Design ARTIST IMPRESSION ARTIST IMPRESSION
AT K I N S S C H E M E VA L O D E & P I S T R E S C H E M E
Competition conducted by Devine Limited for The French Quarter. T O M W R I G H T, A R C H I T E C T, B U R J A L A R A B , D U B A I FRENCH ARCHITECTURAL FIRM
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 03 • N E X T PA G E >
BrISBanE’S BEST VIEWS
3 6 0 ° PA N O R A M I C V I E W S
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 05 • N E X T PA G E >
KING GEORGE SQUARE
BrISBanE’S
BEST SITE QUEEN STREET MALL
MYER CENTRE
FRENCH QUARTER SITE SNAPSHOT
• The French Quarter site enjoys an Alice and Albert Street address – Brisbane’s • Adjacent heritage buildings and adjoining heritage facade allows for the ability to create
best. Albert Street is a significant street in the city as it connects the Botanical a heritage laneway enabling a unique precinct.
Gardens to the Mall and then on to the reinvigorated King George Square, Roma
• The site location at the edge of the CBD provides for expansive views over the high
Street Parklands and Albert Park.
amenity Botanical Gardens and across the Brisbane River to Kangaroo Point Cliffs, the
• Overall the site has 3 street frontages, when split into two parcels both sites still Gabba, South Bank Parklands and the southern suburbs. The surrounding low scale
ALBERT ST
maintain two street frontages. environment means that clear view lines are achieved at relatively low floor levels.
• The extensive amount of road frontage to Albert, Margaret and Alice Streets • Accordingly this means the buildings will be very visible from a large number of
I N D I C AT I V E I M A G E O N LY I N D I C AT I V E I M A G E O N LY
provides resultant opportunities for generous outlook over public spaces. The longest vantage points around the CBD, particularly the southern approach to the city, thus
frontage is to Albert Street, being a significant outdoor dining and pedestrian enabling landmark status.
Margaret Street thoroughfare, and also North East facing, the best orientation climatically for
• The adjacent Quay West building is a high quality residential development that is setback
Brisbane.
a substantial distance from the side boundary, thus retaining good view corridors.
4061m 2
PARCEL 2 • Corner locations also allow for more facades of the building to have unimpeded view
• New high quality buildings are also located across Margaret Street on each corner
Camelot
1 1 Margaret St
1 HB Sales Watsons lines.
121 Mary St 129 Mary St 1,994m2 of the adjacent Albert Street intersection, thus enhancing the quality of the surrounds.
MARGARET ST
• The size of the parcels in conjunction with the size of the allowable floor plates, mean
• Brisbane City Council’s City Centre Neighbourhood Plan is the key planning document
Albert Street
Park Royal the resultant towers are able to maintain and maximise view lines to the Botanical
Hotel that establishes the development rights and design parameters for the sites.
Gardens, Brisbane River, CBD and beyond.
• The Neighbourhood Plan allows a wide range of Code Assessable residential,
• Both site parcels are of sufficient size to allow for an optimum size residential floor Q U AY W E S T P A R K R O YA L
PARCEL 1 commercial and retail uses on the sites. It also allows development to achieve unlimited
H O T E L / A PA R T M E N T S HOTEL
Quay West Hotel plate as well as large ground and retail plates, assisted by the level nature of the site.
and Apartments
Carrington gross floor area and height where particular design parameters are satisfied.
2,067m2
• The proportions of the parcels provide for efficient basement car parking.
• Code and Impact Assessable development schemes have been prepared, which
ALICE ST
• Preferred locations for vehicular access are from Margaret Street for Parcel 2 and demonstrate some of the options available for the sites.
Alice Street Alice Street for Parcel 1, within the required setback areas, which preserves the Albert
Botanical Gardens
Street frontage.
entry
The truncations indicated are currently road reserve. An application has been made to close the road and secure the additional 13m 2. B O TA N I C A L G A R D E N S
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 07 • N E X T PA G E >
frEncH quarTEr VISIOn
The French Quarter vision has been shaped by Devine Limited with high level views as far as the Border Ranges, Moreton Bay The Parisian style retail environment along Albert Street not The world wide trend of mixing highly regarded branded
after extensive research, planning and design. The French and the Glasshouse Mountains. only gives the development its name but provides outstanding hotels with high quality apartment residences in the
Quarter includes an agreement with IHG for an InterContinental* Albert Street is the principal pedestrian link between retail amenity for the benefit of residents, the local office same building has created high demand and resulted in
Hotel which will complement the development. The marketing the gardens and the Queen Street Mall. This active pedestrian workforce and the many other visitors from around Brisbane premium pricing being achieved for the apartments in these
and sales success of the apartments at French Quarter is friendly street is well patronised for its many cafés and retail and elsewhere. developments. The InterContinental Hotel at The French
predicated on five key success drivers: shops. Quarter will add value, amenity and prestige to all apartments
This quaint and active eating and retail enclave, modelled on a
in the development.
• Brisbane’s best CBD residential address. The site demands a modern “cutting edge” architectural Paris café neighbourhood, will become recognised as a place
• A “cutting edge” architectural design. design. Given its site location and form, it will be the defining to regularly frequent. It will have a select number of Parisian These five unique success drivers have never been provided
• A broad mix of 4 and 5 star apartment types. modern building landmark of 21st century Brisbane. This style specialty shops, most likely based around food. together in any apartment project in Australia previously. They
• The Parisian style retail environment presenting to recognition will continually underwrite the site’s ongoing value. each contribute to the success of the project but as a whole
The French Quarter ground plane will be the “heart beat” of the
Albert Street. they provide a marketing edge that is difficult to see being
The French Quarter residential towers will be sustained by development and provide the cultural experience to live in and
• The presence of the world renowned InterContinental Hotel. surpassed anywhere in Australia in the near future.
a broad mix of 4 and 5 star high quality apartments across bring friends to the development.
Alice Street is Brisbane’s equivalent of Macquarie Street in the intended two buildings. The Carrington parcel with the The presence of the InterContinental Hotel complements the
Sydney and Clarendon Street in Melbourne. Alice Street has long 5 star hotel on the lower levels and a great outlook over the development. The five star hotel assists with providing amenity
been recognised as Brisbane’s best apartment address with the gardens and river would incorporate the highest quality luxury for visitors and residents to frequent as well as providing
presence of The Parliament of Queensland, The Queensland apartments. The Camelot parcel would feature smaller luxury residents with world standard hotel services and facilities that
Club, Quay West and The Grosvenor. Buildings on Alice Street one and two bedroom apartments. add to their quality of life by living in the development.
overlook the city’s Botanical Gardens and the Brisbane River * Refer to Comprehensive Due Diligence Information List for further information.
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 09 • N E X T PA G E >
THE c arrInGTOn ParcEL THE c a mELOT ParcEL
The Carrington parcel is Brisbane’s best apartment address. An alternative Carrington scheme has also been considered. The Camelot parcel will be strongly aligned to the Carrington The development of smaller luxury apartments will support
The development of the site will support premium priced This development scheme does not incorporate a hotel. site, but generally provide smaller apartments due to the off pricing with a point of difference to Carrington.
apartments. Alice Street position. It is envisaged that this building will
It comprises 268 apartments in a 51 level building. The lower The 47 level Camelot development incorporates 368 one and
incorporate one and two bedroom apartments to a four star
The Carrington parcel demands the best apartments in Brisbane 26 levels would accommodate two bedroom apartments while two bedroom apartments over 44 levels. The lower 20 levels
residential standard.
now and into the future. All but a few of these apartments will the upper 22 levels would comprise of mainly four bedroom would comprise of 10 apartments per level (4 x 1 bedroom and
overlook the Botanical Gardens and the Brisbane River. apartments. This alternative scheme would provide apartments The Camelot parcel offers the opportunity to provide a 6 x 2 bedroom) and the higher 24 levels would comprise of
It is envisaged that this building will incorporate two and four to a five star standard with a full concierge service, with 3 levels complimentary mix of apartment types to that offered on the seven apartments per level (all two bedrooms). Three levels of
bedroom apartments (or three bedrooms with multipurpose of shared services. Carrington site. This holistic approach allows the total French residential services and retail, complete the development.
room) to a five star residential standard. Quarter development to provide a wide choice of apartments
The parcel is currently improved with an eight storey building The parcel is currently improved with an eight storey building
with strong brand and value recognition.
The 58 level Carrington development incorporates the known as “Carrington”, comprising 23 apartments. Vacant known as “Camelot”, comprising 25 apartments. Vacant
InterContinental Hotel on 11 levels and 240 luxury apartments possession by March 30, 2010 is offered. The Camelot parcel has outstanding views North and North possession by March 30, 2010 is offered.
over 44 levels with three levels of shared services. The lower 22 East to the river, the Botanical Gardens and the city from most
residential levels would accommodate two bedroom apartments levels.
while the upper 22 levels would comprise of four bedroom
The Camelot site offers the opportunity to provide a mix of one
apartments, with some two bedroom apartments.
and two bedrooms with a great choice of view corridors.
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 11 • N E X T PA G E >
I N F O R M AT I O N M E M O R A N D U M
FRENCH QUARTER - FEASIBILITY ANALYSIS
< P R E V I O U S PA G E
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13
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This document is a summary of a full analysis undertaken by Devine and their consultants for its own internal purposes. Comprehensive due diligence information
including our consultant reports are available as part of this offering. Potential purchasers should satisfy themselves on all matters relating to the feasibility shown
cOmPrEHEnSIVE
D u E D I L I G E n c E I n f O r m aT I O n SaLE PrOcESS
A virtual data room has been established: www.frenchquarterbrisbane.com.au. Please contact the marketing agents for password access to the For Sale by Offers to Purchase.
Terry Conway
Commercial In-confidence Due Diligence information. (Items in italics are password protected). Registration and Lodgement: Queensland Manager, Property Development – Devine Limited
Parties are requested to submit offers by completing a Contract of Sale to be lodged by: For 20 years Terry was the Regional Manager of the Brisbane City Council
• Feasibilities and Key Assumptions • Physical Site Information including: Central Development Approval Team which was responsible for the assessment
- Title Searches 2pm (AEST) Thursday 12th November, 2009
• Commercial Supporting Information, including: of all development applications within the Brisbane CBD, Fortitude Valley, New
- Construction Costs - Contaminated Land Register Searches Farm, Teneriffe, Newstead, Bowen Hills, Spring Hill and Petrie Terrace. Terry was
- Land Tax Schedule FY10 - Contour and Detail Survey Plan (Conics) Marketing Agents: also a key contributor to the CBD Master Plan and the new Neighbourhood Plan
- Quarterly Rates Schedule - Existing Services Statement (George Floth) for the Brisbane CBD.
- Acid Sulphate Soils Assessment (Butler Partners) Geoff McIntyre + 61 417 718 410
- Current Rent Schedule At Devine, Terry oversees a variety of large projects including residential, office
- Preliminary Geotechnical Investigation (Butler Partners) geoff.mcintyre@ap.jll.com
- Infrastructure Charges Calculations and mixed use developments with total end values in excess of $2 billion.
- Interest Assumptions • Town Planning Background Information including: Seb Turnbull + 61 407 374 298
Terry has assessed and approved over 50 major high-rise buildings within the
- Pricing Analysis - Brisbane City Plan Extracts seb.turnbull@ap.jll.com
Brisbane CBD. These buildings represent almost all of the of the impressive
• Town Planning Report - Brisbane City Council Heritage Letter
Ben Hunter +65 6494 3895 modern Brisbane skyline.
- Report into Office Space Requirements - Urbis
• Site Details including: National Director, Asia Capital Markets, Singapore John Egan
- Lot Decription • Consultant Briefs for Schematic Concepts (services, structural, lifting) ben.hunter@ap.jll.com General Manager - Sales & Marketing, Unit Division, Devine Limited
- Site Plan • French Quarter Consultant Register
- Cadastral Plan Rick Bird +61 417 750 950 John has been involved in the marketing and sales of Brisbane apartment
• Contracts of Sale projects since 1991. In the past 18 years, John has had direct involvement
• Schematic Design & Project Overview rbird@raywhite.com
• Existing Agreements, including: in over 50 residential projects, including some of Brisbane’s most prestigious
• Development Schedule - Swap Agreements and Post Settlement Obligations Brad Hanson +61 412 851 168 developments.
• Schematic Design Drawings - Hotel Management Agreement between Devine Limited and IHG Hotels bhanson@raywhite.com
These include high rise CBD developments such as Vision, Empire Square,
Management (Australia) Pty Ltd (“IHG”) for management of the 5 star hotel Admiralty Towers and Quays, and near city prestige developments such as
• Indicative Schedule of Finishes For further information:
under its InterContinental brand. IHG has the right to consent to the transfer Castlebar Cove, Norman Reach and Teneriffe Wharves.
• Potential Design Alternatives of this agreement to any prospective purchaser. As part of this offering Devine Limited is willing to assist potential purchasers with key
- Schedule of Intellectual Property While at Devine Limited, John has overseen the design concept, apartment
• Market Research Reports, including: components of the proposed development.
designs, marketing strategy and development, and sales program for Hamilton
- Matusik Property Insights French Quarter Report Town Planning: Terry Conway Harbour, currently Australia’s most successful off-the-plan development.
- Resolution Research French Quarter Report Apartment Sales: John Egan
- Jones Lang LaSalle French Quarter Hotel Report
- Landmark White French Quarter Management Rights Report
- Jones Lang LaSalle French Quarter Retail Report
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 15 • N E X T PA G E >
Office Office
+ 61 7 3231 1311 +61 7 3231 2236
Geoff McIntyre Rick Bird
+ 61 417 718 410 +61 417 750 950
geoff.mcintyre@ap.jll.com rbird@raywhite.com
Seb Turnbull Brad Hanson
+ 61 407 374 298 +61 412 851 168
seb.turnbull@ap.jll.com bhanson@raywhite.com
Ben Hunter
National Director,
Asia Capital Markets,
Singapore
+65 6494 3895
ben.hunter@ap.jll.com
Disclaimer; Read Carefully.
The information contained in this document is intended as a summary guide only, does not constitute advice and does not constitute any offer or contract for sale or otherwise. This presentation has been prepared by
Devine Limited solely for the purposes of providing information to potential purchasers to assist them in deciding if they are sufficiently interested in the relevant property to proceed with further investigation. It is provided
on a confidential basis and is not to be resupplied to any other persons or reproduced in whole or in part without the prior written consent of Devine Limited. Users should not rely on this information as a statement or
Quay West representation of fact and must make their own enquiries to verify and satisfy themselves of all aspects of such information, including without limitation, any dimensions, areas and permits. While such information has
been prepared in good faith and with due care, no representations or warranties are made (expressed or implied) as to the accuracy, currency, completeness, suitability or otherwise of such information. Devine Limited,
its officers, employees, subcontractors and agents shall not be liable (to the extent permitted by law) to any person for any loss, liability, damage or expense (“liability”) arising directly or indirectly from or connected in
any way with use of or reliance on such information. If any liability is established, notwithstanding this exclusion, it shall not exceed $1,000. Images, illustrations and photographs are indicative only.
Attention is drawn to the disclaimer that appears at the foot of feasibility analysis summary. Please read this very carefully and if in doubt obtain legal advice.
I N F O R M AT I O N M E M O R A N D U M < P R E V I O U S PA G E • 16 • N E X T PA G E >
