Browsing Golf Industry NewsVIEW ALL

Springfield seeks development partner for Brookwater site

POSTED ON September 19, 2020 @ 7:34 am

Brookwater saleMaha Sinnathamby’s Springfield City Group is seeking a joint venture partnership to develop an infill residential project in Brookwater, about 25 kilometres south of Brisbane.

The 133-141 and 143-163 Brookwater Drive property spans a 3.7-hectare site, located within the Brookwater Golf Course and residential estate.

A range of uses

The land parcel is situated within the approved Brookwater urban village precinct plan, and more broadly within the Greater Springfield masterplanned development area, the brainchild of billionaire developer Sinnathamby.

Under the precinct plan the site has a development height limit of two and three-storeys, and is designated as both “community residential”, and “open space”.

Marketing materials say the site offers a range of uses including townhouse, terrace, apartment, accommodation, short term accommodation, hotel or resort opportunities, subject to council approval.

Ray White Special Projects directors Mark Creevey and Tony Williams are helming the expressions of interest campaign.

“The elevated site has 430 metres of direct frontage to the ninth and 18th holes of one of Queensland’s best championship golf courses,” Creevey said.

Also read: Resort site opportunity on Brookwater golf course per external administrators

Turbocharged project

Earlier this year, Sinnathamby tapped investment bank Moelis Australia to find a development partner to “turbocharge” the city project, which is currently only 25 per cent completed.

The privately-developed city has a potential end value of $88 billion.

At least $18 billion dollars has already been invested, with a further $70 billion needed to fully realise the masterplan.

Springfield has a current population of 45,000, which it expects to grow to 80,000 by 2030.

Eighty-year-old Sinnathamby purchased the 2860-hectare site for $8 million in 1992.

Together with business partner Bob Sharpless, the developer has since transformed the once barren Ipswich site into a masterplanned city, comprising housing estates, a health precinct, Mirvac’s Orion shopping centre, parkland and office towers.

Related articles:

Source: The urban developer

Comments are closed.

CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

Grow the Game Central Golf Recruitment Central Golf Marketing Central
Brookwater Golf & Country Club (1) Hero 13th hole

TROON: Golf Course Maintenance Cost...Optimizing In a New World


Gregg Patersson

Greg Patterson - Recognizing “Wonderful”

Funky But Wonderful By Gregg Patterson I’m an...

Australia's three biggest golf events postponed

McancelledAojor golf events

This summer’s premier golf events have been cancelled. PGA of Australia chief executive Gavin Kirkman, ALPG chief executive Karen Lunn and Golf...

Many play golf to release stress, new report indicates

golf’s mental wellbeing survey

New members at golf clubs say stress relief has been an important reason to join during the ongoing COVID-19 pandemic. Ahead of...

GMANZ and New Zealand Golf Course Superintendents Summit scheduled for 2021

2-Day Combined Summit and Fine Turf Seminar Auckland 13th-15th June 2021 Prospering in an unreal world In these uncertain times, it is...

​Golf Warehouse​ partnering with golf equipment manufacturer PowaKaddy​

European market-leading designers of electric trundlers was today added to Golf Warehouse’s portfolio. The NZ golf retailer will be the official distributor...

Many play golf to release stress, new report indicates

golf’s mental wellbeing survey

New members at golf clubs say stress relief has been an important reason to join during the ongoing COVID-19...

Ba Na Hills Golf Club wins Travellers’ Choice award

Ba Na Hills Golf Club

Ba Na Hills Golf Club, designed by Luke Donald, has been recognised as a 2020 Travellers’ Choice award-winner based...

Black Mountain Golf Club & Resort extends affiliation with European Tour Destinations

Black Mountain Golf Club

European Tour Destinations is delighted to announce that Black Mountain Golf Club and Resort, who have been members since...

Singapore’s Laguna National - A world-class golf experience

Laguna National Golf & Country Club is upping the ante on delivering a world-class golf experience with the debut...

Aussie golf legend Jack Newton reveals Alzheimer's diagnose

Australian golf icon Jack Newton has revealed he is suffering from Alzheimer’s disease and has taken up a healthy...

Leishman Lager to go national with Walkinshaw promo partnership

Leishman lager

First Australian golf beer Marc Leishman and his brand Leishman Lager have partnered with leading golf distributor Walkinshaw Sports...