Keylin secure prime Indooroopilly development site

The South East Queensland developer, Keylin Group, has acquired a prime 5,385 sqm Indooroopilly aggregation for $18.6 million.

The sites, at 11 Riverview Terrace and 12 Foxton Street, as well as 30, 40 and 44 Station Road, are located seven kilometres west of Brisbane’s CBD.

KeylinTM Managing Director, Louis Cheung, said the aggregation’s location is 80m to Indooroopilly Shopping Centre, 170m to Indooroopilly train station, 3.9km to the University of Queensland as well as access to three major arterial roads made it one of the most significant development opportunities in Brisbane’s inner city.

“An amalgamation of this quality is very special and incredibly rare,” Cheung said.

“The size and location of the site allows the development of an integrated mixed-use project, incorporating residential with world-class rooftop amenity to enjoy the river views to the south, commercial office accommodation, and ground floor dining.

“A portion of residences will be dedicated to Build to Rent, recognising the strong demand for quality rental accommodation close key transport nodes, Indooroopilly Shopping Centre and leading state and private schools.

“By acquiring the aggregation in one-line we can achieve a far enhanced outcome that focuses on integrating leading architecture, extensive landscaping, and complementary uses.

“We are excited about the opportunity to create a community within the heart of Indooroopilly, a suburb which offers excellent education, retail and transport amenities.”

The aggregation is zoned Mixed Use and Medium Density Residential.

Keylin’s current development portfolio includes the $140 million ORIA Spring Hill residential high-rise on Gregory Terrace; the Serenity 4212 master planned community in Helensvale; and the Coomera Town Centre South precinct, which is currently in the planning phase and will be delivered in stages in a joint venture with Kinstone Group.