South City Square announces $190m in sales

South City Square announces $190m in sales
South City Square announces $190m in sales

Pellicano and Perri Projects have announced $190m in sales across the first three buildings at the $600m masterplanned Woolloongabba precinct, in Brisbane's South City Square.

Construction of the first two sold out towers is moving ahead with basement excavation of the third building starting soon.

Nightingale VillagePellicano managing director,  said they have just sold the 370th apartment from a total of 398 apartments across the first three residential buildings, including 80 percent of apartments in the latest third release.

“We’re also 12 months ahead of the original construction program schedule," he said.

"This success indicates a stable market in which buyers are showing a preference for well-planned, amenity- rich developments of a high architectural standard."

David Scalzo, Perri Projects’ managing director,  said Woolloongabba has undergone a period of intense gentrification in recent years and South City Square is set to become a key part of this process, delivering a truly liveable, productive and sustainable community which has been designed with the future in mind.”

When complete, the precinct will feature seven architecturally designed buildings six residential towers and one 5-star hotel.

South City Square is located on the corner of Logan Road and Deshon Street, positioned less than a three-minute walk from the Gabba and a seven-minute drive from the CBD.

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Tags: 
Brisbane Residential Development

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