Singaporean sovereign wealth fund invests in Sekisui House’s West Village

West Village will provide 1250 residences across eight ­residential buildings

Singaporean sovereign wealth fund invests in Sekisui House’s West Village
West Village in West End. Image supplied

The retail and office components of Sekisui House’s $1.1billion masterplanned urban renewal development, West Village, in Brisbane has been sold.

The Singaporean sovereign wealth fund GIC has partnered with fund manager Centuria Capital in spending $202m for five buildings within the mixed-use precinct, 1km south of the Brisbane CBD.

It includes existing properties as well as buildings to be constructed on the former Peter’s Ice Cream site. 

It includes a retail mall anchored by a Woolworths store, and Brisbane’s first Harris Farm Markets.

Centuria head of retail Bruce McCully said the West End area was experiencing “a renaissance” that would further benefit from improved connectivity once the proposed new green bridges were completed, linking the area with Toowong to the west and St Lucia to the south.

West Village was a flagship project for the Japanese company which on completion will provide 1250 residences across eight ­residential buildings, 1900 carparks and 6500 sqm of public open space.

Half the site will be open parkland and green laneways, which Sekisui House Australia managing director Hide Seguchi said accords with its "satoyama design principles, which places enormous importance on generous green spaces around each development.” 

The first stage, Park & Lexington apartment buildings were launched in 2017, with Arcadia the next residential release.

Sales are proceeding at Altura, a 22-storey apartment tower where more than 70 of the initial 147 apartments on offer sold on the first day on the market last year.

It's been marketed as having a 99/100 walk score.

Apartments in Altura West Village - 111 Mollison Street, West End

Access the latest development brochure, pricing and floorplan details.
3 bedrooms from $1,006,500
  • Bed
    3
  • Bath
    2
  • Car
    2
  • Area
    147.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
3 bedrooms from $1,026,500
  • Bed
    3
  • Bath
    2
  • Car
    2
  • Area
    140.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
3 bedrooms from $1,131,500
  • Bed
    3
  • Bath
    2
  • Car
    2
  • Area
    140.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
3 bedrooms from $1,297,500
  • Bed
    3
  • Bath
    2
  • Car
    2
  • Area
    196.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
4 bedrooms from $2,109,900
  • Bed
    4
  • Bath
    3
  • Car
    3
  • Area
    186.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
5 bedrooms from $4,785,000
  • Bed
    5
  • Bath
    4.5
  • Car
    4
  • Area
    460.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability
5 bedrooms from $4,935,000
  • Bed
    5
  • Bath
    4.5
  • Car
    4
  • Area
    473.00m²
Check availability Check availability
  • Project brochure
  • Floorplans
  • Latest pricing
Check availability Check availability

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
West Village

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?