Mirvac secures $850-million Eagle Farm development

Mirvac secures $850-million Eagle Farm development

The Brisbane Racing Club (BRC) has announced it is joining forces with leading property group Mirvac for the development of its swanky $850-million Eagle Farm Residential Precinct, set to kick off in 2016.

After intense interest in the joint-venture opportunity, Mirvac was selected as the preferred developer to deliver more than 1200 apartments in eight residential towers on land around Queensland’s most famous racecourse. The decision represents a major milestone for the BRC in delivering their $1.2 billion master plan, which will transform the historic area of land around Eagle Farm and Doomben racecourses.

The project is north-facing and looks out over 50 hectares of land that has no plans to be built upon. Residents of the luxury towers can expect exceptional views to the city and over the Hamilton reach of the Brisbane River, and out to the airport and Moreton Bay. The residential precinct project, which is the centrepiece of the master plan for Eagle Farm, is estimated to be completed within an eight-to-ten year window, subject to market conditions.

Image: Mirvac artist’s impression

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