- Colliers prepares new residential, retail and culinary high-rise precinct for launch
- V&A Broadbeach comprises 401 apartments including sub-penthouses and penthouses
- World-class amenities include lap pool, gym, resident's lounge and zen garden
Iris Capital’s eagerly awaited Victoria & Albert Broadbeach apartment project is preparing for launch by Colliers Gold Coast.
The $800M twin tower high-rise development is located in the heart of Broadbeach and offers premium resident amenities, retail and dining facilities.
Gold Coast’s twin towers highly anticipated
Colliers Gold Coast is enhancing the marketing campaign of the development, in anticipation of a busy Christmas selling season and border reopenings drive more sales.
Colliers’ Director Residential David Higgins said V&A Broadbeach is the first major apartment project in the area in five years, and described a sense of anticipation in the air as the launch is awaited.
According to Mr Higgins, a residential, retail and culinary precinct of the high standard of V&A Broadbeach has not been seen in over a decade since the Oracle Towers were unveiled.
“The project scores a 10 out of 10 for walkability located in the heart of Broadbeach in walking distance to the light rail, the casino, convention centre, the restaurant precinct and the beach and will bring a new type of residential apartments to the market that we have not seen for some time.”
David Higgins, Colliers’ Director Residential
Mr Higgins said the Broadbeach market is currently saturated with luxury full floor and half floor apartments with three bedrooms or more.
However, there are few offering a choice of one, two or three-bedroom apartments particularly with access to the luxury amenities the V&A Broadbeach towers boast.
“Historically Broadbeach has had a very strong family market, but this has dissipated in recent years. However, we believe the opening of the borders will bring this market right back into the frame,” Mr Higgins said.
Mr Higgins said V&A Broadbeach will introduce variety to the Broadbeach market, appealing to families, luxury downsizers and investors alike.
Coastal luxury meets elite amenities
The high-rise will contain 401 apartments between the two towers, designed by DBI Architects to encapsulate the atmosphere of coastal living.
The lower floors will provide a variety of one, two and three-bedroom apartments, while the upper will be reserved for three-bedroom apartments.
Atop the two towers will sit sub-penthouses and penthouses.
A subtropical themed recreational podium, 25m lap pool, gym, yoga deck, resident’s lounge, kid’s area, zen garden and outdoor dining area are among the world-class amenities residents will have access to.
The towers also offer two levels of office spaces and a ground floor culinary precinct.
According to DBI Director Raith Anderson, the V&A Broadbeach high-rise presents a “unique opportunity to create a lasting icon for the coastal precinct that can be appreciate by more than just its residents.”
“Its design is quintessentially Gold Coast, from its lavish double beach shower and surfboards storages to its cascading subtropical landscaped terraces, V&A is a rare product for those in pursuit of a coastal destination with the lifestyle and cultural variety of a cosmopolitan locale.”
Iris Capital making great strides
Real estate development company Iris Capital, founded by Sam Arnaout, has scaled up its reach over the past decade and made their mark as a high quality residential and mixed-use developer.
Since acquiring 17 Ibis hotels from AccorInvest over the past year, Iris Capital has an impressive enterprise value of $3.5 billion.
“We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,” said Mr Arnaout.
“The Broadbeach precinct is primed for a rebirth, and we are thrilled to be creating a pillar of the community to connect the next generation of Gold Coast locals to the idyllic beachside dream.”
Sam Arnaout, Iris Capital Founder
