Pikos Group win approval for $350 million Kangaroo Point development

The team at Pikos engaged with council and addressed the issues raised within the community for a successful outcome.

Pikos Group win approval for $350 million Kangaroo Point development
Pikos Group's submission to the Brisbane City Council

The Brisbane developer Pikos Group have secured approval for three residential towers in Kangaroo Point.

Pikos had to get sign off from the Land and Environment Court for the ambitious Lambert Street development after a number of complaints from local residents.

The team at Pikos engaged with council and addressed the issues raised within the community for a successful outcome.

“We are delighted council has recognised the overall merits of our development and we can now move forward with a benchmark project that will enhance the inherent charm of Kangaroo Point and its future growth,” said Pikos Property Group head Pedro Pikos.

“The Pikos team is now gearing up to deliver the project and we expect work to commence as early as next month” he said.

The project at 108 Lambert Street will see three towers built on the 5285 sqm site.

Kris Kowalski Architects, who designed 300 apartments in the Fortitude Valley tower 289 Wickham Street, submitted amended plans late last year for the Kangaroo Point towers, with the number of apartments scaled back from 300 to 273.

“We’ve gone back to the drawing board to ensure we continue to deliver a new standard of luxury residential tower development to the area in a well-designed integrated project that blends with and is sensitive to its surrounds.”

“We’re aware of the views raised by some local residents and we want to reassure the community that we’ve listened, and we’re invested in the future of Kangaroo Point,” Pikos said.

“Now we are out of the appeal process, we continue to take on board community feedback and are exploring further options to substantially reduce apartment density and traffic volumes” he continued.

“This project will be the new benchmark for apartment living in terms of spaciousness and amenity on the Kangaroo Point peninsula, where our density is far less than in many existing residential towers in the area,” Pikos said.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Brisbane Apartments Pikos Property Group

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