A pair of leading developers have been secured to deliver two huge affordable housing projects in Brisbane.
Developers Frasers Property Australia and Mirvac have been locked in to deliver the two projects that form part of the Queensland government’s Built-To-Rent program.
The sites, at 60 Skyring Terrace, Newstead and 210 Brunswick Street, Fortitude Valley will create more than 400 jobs during the construction phase set to begin in mid-2021.
Queensland Treasurer, Cameron Dick, said: “COVID-19 has shown the importance of providing stimulus to support the construction industry, and of ensuring Queenslanders have access to affordable housing.”
This will provide greater opportunities and improve the quality of life for Brisbane city workers and their families, who would otherwise be unable to afford to live close to their jobs,” he said.
The Treasurer said that the two developers have been chosen to oversee the build-to rent projects located on the edge of Brisbane’s CBD due to their history of delivering similar builds.
Frasers and Mirvac both have strong track records of delivering high quality construction projects here in Queensland and have been chosen following a competitive procurement process.Treasurer Cameron Dick
Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz said, “We are delighted at the opportunity to partner with the Queensland Government to facilitate the establishment and growth of the BTR sector as a viable long term property asset class in Queensland.”