160 new Brisbane apartments sell in four hours

Lend Lease’s The Yards, on Brisbane Showgrounds’ King Street, sold 160 apartments in four hours at launch.

In total, The Yards development is expected to see 401 residences, across 16 and 18 level towers and 11 terraces. The first release, which saw the quick sales, was that of North Yard – a 208 apartment tower designed by Hayball.

Prices spanned from one bedroom units for $375,000 to two bedroom two bathroom apartments for $702,500.

The development includes a 2,500 square metre “podium retreat” and 20 wellness and entertainment hubs.

Andrew Hay, project director for Lend Lease Brisbane Showgrounds, said that 87% were onshore, and that the launches occurred in Brisbane and Sydney concurrently

“As a result of the weekend’s success we’ll bring forward the second release of the project – South Yard – by three months,” he said.

“The most popular configurations were one bedroom plus study, and large corner two bedroom and two bathroom apartments.”

Construction is expected for mid-2015.