Iris Capital launch second tower in V&A Broadbeach, with critical timing to a growing stock shortage
Following the successful stage one launch of its $800 million Broadbeach dual tower mega-development, Victoria & Albertadbeach, developer Iris Capital has released the second and final collection of apartments in its mixed-use development.
Spurred by strong sales in the project’s preliminary release of apartments in its Victoria tower, Iris has fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast.
Albert Residences will feature 121 oversized apartments with its own private amenity, separate from the Victoria offering, including a 25-metre heated lap pool, spa, lounge, wine cellar, gym, zen garden, steam and sauna rooms, fire pit and yoga studio, all across the level four floorplate.
The entire level 40 rooftop enjoys private dining space and a chef’s kitchen, along with indoor and outdoor barbecue areas, an extensive sky lounge, cellar, cards room, library, as well as multiple indoor and outdoor entertaining areas.
While the neighbouring Victoria Residences were designed primarily to cater to a lifestyle residence market, Albert is dedicated exclusively for the owner-occupier to gain a foothold in the rapidly transforming cosmopolitan heart of the Gold Coast.
Interstate buyers have led the charge on the V&A apartments to date, however Residential director of Colliers Gold Coast, David Higgins said they were anticipating an influx of local interest in the owner-occupier collection in the newly released Albert Residences.
“Strong enquiry and sales have been driven predominantly by end-users and lock and leave buyers out of NSW and Victoria, attracted to the prime location and world class amenity on offer,” he said.
“Given the severe lack of new apartment product across the Gold Coast, we anticipate Albert will be met with fierce interest by local buyers who recognise the value and scarcity of quality apartment stock at the moment.”
Albert will comprise a mix of two and three-bedroom apartments, along with upper residences available in three-bedroom-plus-MPR and four-bedroom configurations.
“The strength of V&A’s launch is a testament to the development’s ability to complement the lifestyle and convenience of its location in the heart of Gold Coast’s cosmopolitan centre, and the enduring strength of the Gold Coast market,” said Higgins.
The dual tower mega-development will deliver two individually crafted towers across 56-storeys in Victoria and 40-storeys in Albert, in addition to an activated ground-plane with high-end retail, dining, and commercial office space.
