R&F Property Completes $500m South Brisbane Project

A $500 million apartment development spanning an entire block in South Brisbane has reached completion, marking the first finished Australian development for R&F Property.

R&F Property Australia, part of property development group R&F Properties with interests in China, the United Kingdom and Malaysia says the Brisbane 1 development, located one kilometre from Brisbane CBD, is the tallest building in Brisbane south of the river.

The residential development, built by Hutchinson Builders, transforms the site of a former TAFE college and consists of three separate towers of up to 33-storeys.

 

 

The project also forms part of the group’s plans for several other prime south-east Queensland projects, including the group’s goliath development located in Brisbane inner suburb West End.

 

 

R&F Property Australia vice president Thomas Chiu said Brisbane 1 occupies an entire block bordered by Cordelia, Peel and Boundary Streets in South Brisbane.

Chiu says more than 80 per cent of the 608 apartments have been sold with the first residents now starting to move in.

All three Brisbane 1 towers, designed by Brisbane architects Bureau Proberts, were built concurrently with 80 levels across three towers completed in 23 months by Hutchinson Builders.

The development comprises a mixture of 1, 2 and 3-bedroom apartments, starting from $418,000, along with 3 and 4-bedroom penthouses priced up to $2.4 million.