MaxCap tips equity into $140m Brisbane suburban village project
Melbourne-based real estate financier MaxCap has expanded its equity investment business after partnering with Queensland developer Honeycombes Property Group on a $140 million mixed-use development at Ferny Grove train station, in Brisbane’s north-western suburbs.
Master Builders QLD Housing & Construction Awards | North QLD Winner: Australian Taxation Office
Honeycombes Property Group are pleased to congratulate the team at RCG Construction for a win at the North Queensland Master Builders Awards, Commercial Building $5 million – $50 million, for the Australian Taxation Office Building (Townsville).
Honeycombes Property Group developed the four-level Liverpool Place office and sold the building for almost $26 million in 2019. With is unique facade and 4.5 star NABERS rating, the ATO office now stands as an iconic building along the river in Central Townsville.
The Master Builders Housing & Construction Awards recognise members at the forefront of building innovation and quality craftsmanship, promoting and showcasing excellence in Queensland’s housing and construction industry.
Coorparoo Square crowned best mixed use development by the Property Council of Australia
Coorparoo Square has taken home top honour in the category of Best Mixed Use Development at this year’s Innovation & Excellence Awards. The prestigious accolade was awarded to Honeycombes Property Group and Frasers Property Australia in May at the National Awards Gala Dinner held in Sydney.
In December 2018, Honeycombes Property Group honoured its commitment to local community members when it re-erected the neon Myer sign to its home at Coorparoo Square.
The sign had been removed for construction in 2015, only to be lovingly restored and returned. The unveiling of the sign marked the one year anniversary of the opening of Coorparoo Square.
While the sign was not heritage-listed, Honeycombes with its joint venture partner, Frasers Property Group was committed to preserving the 1960s sign which was so deeply entrenched in Coorparoo's history.
The first residents at Coorparoo Square are set to move in this week as stage one of the $252 million development nears completion. The first stage includes two buildings with 251 apartments and at completion of stage two, the project will deliver a total of 366 apartments across three residential towers.
The retail component's anchor tenants, Dendy Cinemas and Aldi, are expected to open this month aligning with the official opening of the retail mall on November 22.
An Urban Village That People Now Call Home - Coorparoo Square
Conrad Gargett, the architectural practice appointed to reactivate the iconic 1960's Myers site in Brisbane's eastern city fringe, was proud to create the unique urban village that people now call home - Coorparoo Square. Facilitated through a close working relationship with joint venture partners Frasers Property Australia and Honeycombes Property Group, aswell as Probuild Constructions, Conrad Gargett designed the $252 million project which acts as a catalyst for the revitalisation of the Coorparoo Junction Precint.
A Sydney investor has shown strong confidence in the Townsville property market, acquiring two commercial buildings in Honeycombes Property Group's Central development for more than $24 million.
Honeycombes, with partners the Chapman Group, announced the sale of NQN House yesterday for $11.75 million. It follows the sale of the adjoining CQUniversity building at Central to the same investor earlier this year.
Wuluguru Group, a Townsville steel company, is expanding into the CBD on a five-year lease at Honeycombes Property Group’s newly acquired South Yards rail site. The steel fabricators are Honeycombes' first major tenant since purchasing the land last month with Peter Honeycombe saying that leasing the yards meant that the company could keep the site well maintained, active and help facilitate job creation.
Suburb’s First Public Bar to Kickstart Coorparoo Square Opening
Coorparoo's first bar will open in two weeks, ahead of Coorparoo Square’s grand opening in November. The trendy bar, Beyond the Pale at Coorparoo Square will feature a selection of craft beers including its own house lager and 12 taps.
The $252 million development by Honeycombes Property Group and Frasers Property Australia will deliver 6,700sqm of retail space with Beyond the Pale combining three tenancies to create the largest tenancy in the precinct at 253sq, behind ALDI and Dendy.
A huge parcel of CBD land has been snapped up by Townsville developer Honeycombes Property Group. Honeycombes' managing director Peter Honeycombe said a masterplan for the site, to be developed over the next five years, would complement projects in the city's Priority Development Area and the new stadium under construction.
Honeycombes Property Group and its partner the Chapman Group have sold the new CQUniversity Building in Townsville’s CBD to a Sydney-based investor for $12.8 million.
CBRE introduced the investor to the property after a marketing campaign that drew a high level of inquiry from both local and interstate groups. Many of the groups were impressed by the economic momentum in Townsville and the security of CQUniversity as a tenant.
Sealink’s $56 million redevelopment proposal for a new ferry terminal in Townsville has been given the green light with two next-generation ferries set to be on the water by 2020. The transport operator has partnered with Honeycombes Property Group on the development project that will transform an ageing site into a thriving tourism precinct.
Honeycombes, together with Frasers Property Australia, are pleased to announce that the management rights to the $252 million Coorparoo Square residential apartments have been appointed to Dreamtime Resorts.
Dreamtime Resorts, a large-scale Queensland management rights operator, have a longstanding relationship with Honeycombes having purchased the management rights to another large mixed used project of the developer, Oxygen in Spring Hill in 2004.
Honeycombes Project Launches in the Heart of North Brisbane Action
Honeycombes Property Group has announced the launch of ‘Eight on Thomas’ – a development targeting the local north side community in the retail epicentre of Chermside. Rising 12 storeys, Eight on Thomas offers one, two and three-bedroom open-plan living residences above a ground-floor and mezzanine retail level.
Eateries Move in as Dendy and ALDI Lead the Way at Junction
Coorparoo Square is shaping up to be a trendy restaurant precinct, with a mix of restaurants and cafes signing on to open alongside Dendy Cinemas. The $252 million development has secured 13 tenants, including cinema group Dendy and supermarket giant ALDI.
Smoking Ceremony Marks CQUniversity Campus Expansion Start
A smoking ceremony held on the new CQUniversity campus expansion site at Central in Townsville's CBD not only marked construction of the project, it also evoked memories held by Indigenous people, many of whom worked in the former railway yards on the site.
Business leaders have welcomed the fast-tracking of a new university campus in the CBD, with the new facility set to provide a clear boost to local businesses.
The first sod was turned yesterday for construction of CQUniversity’s new building on Flinders Street in Honeycombes’ Central precinct. The project, announced in June, has been accelerated and will prompt other businesses to relocate to the CBD.
The first sod has turned on Townsville’s new CBD university campus today. The Townsville campus of CQUniversity, located within Honeycombes Property Group’s Central precinct, is due for completion early next year in time for a new intake of students. The major expansion will see seven new on-campus programs offered by the university.
Peter Honeycombe, Managing director of Honeycombes Property Group, said an educational centre such as this will draw students and employment into the city and support our vision for an active CBD village.
Flinders Street West is set to be transformed into an education precinct, with Central Queensland University in talks to expand in Townsville.
A master planning process has begun, with the university hoping to open a new facility in Honeycombes Property Group's Central development by 2017 or 2018. CQU vice-chancellor Scott Bowman said the university would outgrow its current CBD campus in NQN House by the end of next year and he hoped to have 3,000 Townsville students enrolled by 2020.
A simple initiative to be installed in apartments of the $232 million Coorparoo Square project will save residents time and money.
A "green switch", allowing all lights in the residence to be simultaneously switched off as the occupant walks out the front door, will be a feature within all of the 366 apartments in the Honeycombes Property Group and Frasers Property Australia joint-venture development.
Providing a home to develop the business ideas of Townsville's legion of entrepreneurs is the idea behind the city's new innovation hub.
The North Queensland Innovation Centre (iNQ) is being set up on the banks of Ross Creek as a place for innovators and entrepreneurs to share their ideas, seek advice and meet investors. Honeycombes helped secure a home for the iNQ at Central Village in the CBD.
Change of Scenery - Coorparoo Square Attracts Downsizers
Downsizers find what they are looking for in the $245 million Coorparoo Square apartment project, on the 1.2ha site that was previously occupied by Myer's first Brisbane department store.
Coorparoo locals will move from their four-bedroom family home to a three-bedroom, two-bathroom penthouse when the joint Honeycombes Property Group and Frasers Property Australia project is completed in 2017.
Overwhelming buyer demand has prompted developers to fast-track the final stage of the $232 million Coorparoo Square project. Joint Venture developers Australand and Honeycombes Property Group have secured more than $117 million in sales, with over 90 per cent of stage one apartments now sold.
The next stage will include a mix of one and two bedroom apartments plus a limited number of penthouses.
National Cinema Chain Dendy has Singed Up at Coorparoo Square
Boutique national cinema chain Dendy Cinemas has signed up as the operator of a 10-theatre complex in the $252 million Coorparoo Square mixed-use development in Brisbane's inner southeast.
Dendy has committed to a 15-year lease at Coorparoo Square, and the complex will include seven standard screens and three Dendy Premium Lounge screens which feature fully reclining luxury leather seating and pre-screening premium dining and bar lounge.
One of Australia's largest construction companies, Probuild, has won the contract to build the landmark Coorparoo Square in Brisbane's south-eastern suburbs.
Probuild is preparing the 1.2ha site on Old Cleveland Road for demolition which is set to take place in the coming weeks. The iconic Myer builder has stood on the parcel for decades and has been vacant for years.
The appointment of Probuild provided certainty for both buyers and the local community.
The opening of Central Village, the new BCC cinema, cafes and licensed restaurants on Flinders St West has boosted sales of the adjoining boutique apartments. The sweet success of Central Village's Max Brenner chocolate bar, which is now one the franchise's top five stores in Australia, has made living nearby almost irresistible.
Honeycombes Property Group managing director, Peter Honeycombe, who spearheaded the $450 million development, said the recent retail success has already spilt over into residential sales.