- ‘Yeerongpilly Green Riverside’ community received development approval for its retail centre
- Joint venture between Consolidated Properties Group and CVS Lane Capital Partners
- Construction to begin in Q3 this year, estimated will take 17 months to complete
Brisbane’s ‘Yeerongpilly Green Riverside’ community has received development approval for its centrepiece retail centre.
The development is a joint venture between Consolidated Properties Group and CVS Lane Capital Partners, who are developing a full retail offering – including a Woolworths supermarket, dining precinct, specialty stores, commercial offices and a range of health and wellness providers.
Consolidated Properties Group Head of Retail Kieran Cox said they are working with the award winning BVN Architects to deliver a “landmark contemporary design”.
“The vision is to give locals and the broader Brisbane community a unique riverside retail destination without having to venture into the City or further afield.”
The development site is also close to the Yeerongpilly Train Station, which Mr Cox said presents an “excellent opportunity for businesses looking for a prime location set within an established residential precinct that will continue to grow to 1,200 residences over the coming years.”
CVS Capital Lane Partners will act as finance advisor to the project. Director Lee Centra said the retail centre will set a new benchmark as a true riverside destination, drawing visitors, customers and residents from both the surrounding suburbs and greater Brisbane.
“The local community has been waiting for a new retail centre and dining precinct, and we’re thrilled to be able to move forward following Development Approval.”
“We are expecting this precinct will generate up to 120 full time equivalent jobs during construction, and hundreds of ongoing positions with restaurants and retailers.”
Construction is expected to begin in Q3 this year, and is estimated will take 17 months to complete.