Project Summary - Samara Meadows

Samara Meadows Estate, Waterford West, Queensland

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The information contained in this Project Summary up-to-date as of 18 September 2015.

Should you require the latest figures, please contact the team at vip@custodianvip.com

CONTENTS 1. Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2. About South East Queensland . . . . . . . . . . . . . . . . . . . . 4 3. About Logan City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 4. About Waterford West . . . . . . . . . . . . . . . . . . . . . . . . . . 8 5. Demographics and Socio-Economic Profile . . . . . . . . . . 10 6. Waterford West Infrastructure . . . . . . . . . . . . . . . . . . . . 12 7. The Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 8. Location Sales History . . . . . . . . . . . . . . . . . . . . . . . . . 16 9. Rental Returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 10. Media and Related Articles . . . . . . . . . . . . . . . . . . . . . . 19

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Project Summary - Samara Meadows

Executive Summary The Samara Meadows Estate is located in the suburb of Waterford West. Waterford West is situated in close proximity to the ever growing retail amenity - the Logan Hyperdome and Browns Plains Shopping Centre. With the Meadowbrook Health Precinct only 12 minutes away and Griffith University (Logan Campus) and Tafe (Loganlea Campus) both within a 15km radius.

The development comprises of lots ranging in size from 470m2 through to 680m2. Each allotment is predominantly level in topography throughout.

The dwellings will be characterized by a mixture of dual occupancy designs and four bedroom, two bathroom, double lock up garage designs. The dual occupancy designs will feature a primary dwelling complete with three bedrooms, two bathrooms and a single lock up garage. The detached auxiliary unit will feature two bedrooms, one bathroom and an undercover carport.

Dwelling sizes combined will be approximately 200m2 gross floor area. All homes will be completed to a full turn key standard and inclusive of all ancillary improvements and landscaping.

The anticipated house and land package prices will be between $415,000 and $530,000.

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About South East Queensland South-East Queensland is the fastest growing and largest sector of QLD, currently representing more than two thirds of the states rapidly growing population. The population in SEQ rose circa 694,000 persons between the years of 2001 to 2011, where it reached a total population of 3.05 million.

Between 2012 and 2026 Queensland is projected to achieve the fastest household growth in Australia, at around 2.5% per annum. Short to medium term forecasts show that over the next 5 year period, the State will continue to grow by approximately 80,000 per annum (abs.gov.au).

Queensland possesses the largest population growth in absolute terms of all Australian states, and is home to 4.6 million or approximately 18.5% of Australia’s 23.13 million people. In the latest census period 2006 to 2011, Queensland’s population grew by 11% (391,741people). In recent years Queensland has accounted for 36% of Australia’s population growth (ABS Census, 2011).

Long term, the population of South East Queensland is expected to grow by 1.8 million people by 2031 and will continue to outpace the rest of the nation as people are attracted by the ever expanding economic opportunities combined with the highly desirable lifestyle amenities that the region has to offer.

The Queensland Government has introduced a future infrastructure program at an estimated cost in excess of $130 billion in order to accommodate the construction of an additional 754,000 dwellings required by 2031.

South-East Queensland consistently maintains a strong rental market, with rental yields remaining at a high of 4.6% during 2014 and are forecast to grow with the influx of population to the region.

Existing world class infrastructure for the SEQ region includes The Port of Brisbane, Brisbane Domestic and International Airports and fast transport corridors just to name a few.

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Project Summary - Samara Meadows

The Queensland Government has introduced a future infrastructure program at a cost of over $130 billion to accommodate the construction of an additional 754,000 dwellings required by 2031.

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About Logan City The locality of Waterford West in Queensland’s South-East region falls within the Logan City Council. Logan City is home to more than 280,000 people from more than 160 different cultures. The population is projected to grow from 280,000 to 382,388 by 2026.

Throughout 2013 and 2014, lot supply in Logan rebounded to mid-600 lots per annum (31% below estimated lot consumption of 940 lots). On average, there were 1,075 lots consumed per annum over the nine years prior (2005 – 2013). Because of this, there is a pent up level of demand in Logan which is pushing prices up, especially so in Central Logan where only 2% of future developable land is contained.

The City of Logan is in the centre of the rapidly growing South-East Queensland region and is uniquely placed at the centre of a major transport corridor. The city’s location allows many businesses to access both domestic and global markets.

The manufacturing sector in Logan is a lead industry sector, contributing an estimated $5.47+ billion (28.5%) of total output for the City. Manufacturing employs an estimated 9,370 people and contributes $1.29+ billion (16.5 %) of total value added to intermediate inputs. The construction sector in Logan City contributes an estimated $2.3 billion or 13.5% of total output and employs an estimated 5,965 or 9.1% of total employment in Logan.

Looking ahead to the next 20 years, Logan City will continue to be one of the fastest growing cities in Queensland. The population is expected to increase by up to 200,000 within the next 20 years and Logan’s objective is to create at least 53,000 jobs to support this population growth.

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Project Summary - Samara Meadows

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About Waterford West Waterford West is located approximately 30 kilometres south-east of the sunshine state’s capital city, Brisbane, and approximately 55 kilometres north-west of the Australia’s favourite holiday destination –the Gold Coast where you’ll find 70 kilometres of beaches, waterways and rainforests.

The Samara Meadows Estate in Waterford West forms part of what is referred to as “The Southern Growth Corridor”.

This strategic area is earmarked for housing a significant portion of Queensland’s future population growth. Waterford West is well serviced by the M1 Motorway and is also close to a number of both public and private schools.

Waterford West and the southern growth corridor also plays host to an abundance of lifestyle and recreation amenities with an abundance of parklands, bike trails and nature reserves.

The current development pipeline for the immediate area is simply staggering. The key highlights include:

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Beenleigh Town Square Upgrade ($9.75M): The Beenleigh Town Square Upgrade is part of the Logan City Councils vision which aspires to transform the heart of the town from the current six way vehicle roundabout into a highly liveable hotspot focusing on cultural exchange and community activity. The new Draft Logan Planning Scheme plans for increased building height limits so development will be allowed up to 30 storeys. The high quality urban design expects to attract more investment and job opportunities to Beenleigh and the City of Logan.

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The Meadowbrook Future Infrastructure Plan (20 year plan): Over the next 20 years the centre is planned to expand to become a multifaceted centre offering a range of knowledge based services and jobs that support existing industrial and employment activities. Identified precedents for infrastructure development including the Logan hospital, major public transport interchanges (Loganlea train station link) and the expansion of key educational precincts; Griffith University (Logan Campus) and TAFE Queensland (Loganlea Campus).

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Expansion of Griffith University (Logan Campus) & TAFE Queensland (Loganlea Campus): Construction has commenced on new sports field facilities, campus facilities and a priority bus route (the Meadowbrook Greenlink) at both educational hubs. Plans to further develop the university and TAFE are ongoing. With Griffith University (Logan Campus) home to 2,500 students already, this campus is based in one of Australia’s most rapidly developing regions between Brisbane and the Gold Coast.

Project Summary - Samara Meadows

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Demographics and Socio-Economic Profile

Total Population

Average Persons Per Household

7,621

Renters Owner Occupiers 39.5% Rent 60.5% Owner

2.8

Median Household Income $1,689 per week

Median Age 31 years old

Family Household 41%

* Sources: Australian Bureau of Statistics, Profile ID, The Department of State Development

The population growth rate per annum for the Waterford West Catchment Area is 2.74%

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Project Summary - Samara Meadows

The Residential Vacancy Rate for the Waterford West Catchment Area is currently sitting at a low 1.5% (REIQ), which signifies high rental demand, and in turn requiring new properties to fuel this demand.

South East Queensland is home to about 3.3 million people.

The reported 10 year average annual population growth from 2001 was 65 000 making South East Queensland one of the fastest growing regions in Australia Logan City is the fourth largest government area in Queensland.

Logan is home to over 21,000 businesses proving employment for 72,000 people. Logan plans to create a further 50,000 jobs over the next 20 years.

In 2009, the total population of Logan City was estimated to be 277,372 people. It grew by an estimated 27,738 in 5 years with the official population as at June 30 2014 being 305,110 people.

This works out at an average annual population growth of 5,547 residents per annum.

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Waterford West Infrastructure

Education • Good Start Early Learning Centre – 2km • Tiggers Place Early Learning Centre– 2km • Kidikingdom Childcare Centre – 1.5km • Marsden State High School – 100m • Marsden State Primary School – 1km • Waterford West State School – 3.4km • Loganlea State High School – 4.7km • Canterbury College - 5km • St Francis College – 3km • Metropolitan South Institute of TAFE – 6km • Griffith University – 7km

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Project Summary - Samara Meadows

Recreation • Kingston Park Raceway – 4km • Logan River Boat Ramp – 4km • Chambers Pine Golf Course – 4km • Club Hotel Waterford – 5km • Logan Entertainment Centre – 7km • Gold Coast Theme Parks – 30km • Surfers Paradise – 57kms • Multiple parks and nature reserves within close proximity • Play equipment, walking and bike paths

The estate is conveniently located within 10 minutes’ drive to any major amenity that is an essential component of everyday life. The position has an abundant choice of educational and child care facilities, with an enviable shopping experience.

Medical • Waterford Village Medical Centre – 750m • Logan Hospital – 6.6km • Waterford 7 Day Medical Centre & Skin Cancer Clinic – 3.2km • Waterford Medical Centre – 4.2km Transport • Bus Stop – 300m • 5 railway stations all within - 10 km (2 within 4km) • Logan Motorway within - 3 km • Pacific Motorway within - 10 km

Retail • Waterford Plaza – 4.2km • Marsden Park Shopping Centre – 1.5km • Holmview Central – 7.8km • Logan Central – 7km • Logan Hyperdome – 10km

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The Development The subject site is a 17 lot residential land development situated on Chambers Flat Road in the sought after suburb of Waterford West. It is positioned in the rapidly expanding Gold Coast – Brisbane corridor, only about 30 minutes from both major cities, this site offers enormous value and potential with development in the surrounding area booming at present. The development is close to shops, public transport, schools, parks and bordering the new Park Ridge Master Planned Community, this area is in popular demand and surrounded by limited supply of new urban land.

Specific allotment sizes range from 470m2 through to 680m2, all with ample street frontages each allotment is predominantly level in topography and benched and retained where necessary providing an ideal building platform.

The estate will feature a small community lake.

All streets of the subject site are well surfaced and provide adequate drainage and concrete guttering as well as street lighting. Each allotment includes the requisite town and reticulated water, sewerage, electricity and telecommunications services.

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The Homes The dwellings will be characterized by a mixture of dual occupancy designs and four bedroom, two bathroom, double lock up garage designs. The dual occupancy designs will feature a primary dwelling complete with three bedrooms, two bathrooms and a single lock up garage. The detached auxiliary unit will feature two bedrooms, one bathroom and an undercover carport.

Each of the subject dwellings will be of a modern, good quality finish throughout with construction comprising of a concrete slab floor, timber framing, brick external cladding and a mixture of metal or concrete tile roofing.

Dwelling sizes combined will be approximately 200m2 gross floor area.

Each home will be of turnkey completion and will include ancillary improvements, including driveway, paving, fencing and landscaping.

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Location Sales History Established Capital Benchmarks

60 Woodlands Boulevard, Waterford QLD Area: Price: Sale Date: Features:

756 m2 $560,000 February 2015 5 Bed, 3 Bath, DLUG

73 Bentinck Street, Waterford QLD Area: Price: Sale Date: Features:

496 m2 $540,000 July 2014 4 Bed, 3 Bath, DLUG

24 Sanctuary Parkway, Waterford QLD Area: Price: Sale Date: Features:

876 m2 $550,000 February 2015 4 Bed, 2 Bath, DLUG

23 Woodlands Boulevard, Waterford QLD Area: Price: Sale Date: Features:

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672 m2 $530,000 October 2014 4 Bed, 3 Bath, DLUG

Rental Returns Dual Occupancy Primary Dwelling (3 bedrooms, 2 bathrooms and single lock up garage)

$360 p/w Estimate from local real estate agents X 52 Weeks

= $18,720 Annual Rent

Auxiliary Unit (2 bedrooms, 1 bathrooms and undercover carport)

$270 p/w Estimate from local real estate agents X 52 Weeks

= $14,040 Annual Rent

Total Annual Rent $630 Per week total

/ 52 Weeks

= $32,760 Annual Rent Return

At purchase prices of $515,000 this would facilitate a 6.6% yield based on today’s rental forecast. $32,760 Annual Rent

/ $515,000 Average Purchase Price

= 6.6%

Annual Rent Return

Standard Occupancy Standard (4 bedrooms, 2 bathrooms and double lock up garage)

$420 p/w Estimate from local real estate agents X 52 Weeks

= $21,840 Annual Rent

With an average purchase price of $430,000 this would facilitate a 5.1% yield based on today’s rental forecast. $21,840 Annual Rent

/ $430,000 Average Purchase Price

= 5.1%

Annual Rent Return

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Media and Related Articles Queensland’s unprecedented infrastructure pipeline: Simon Pressley 24 May 2015 An unprecedented level of major projects in the pipeline has the potential to produce significant growth in Queensland property markets. Although, there are some unanswered questions with a new government coming to office.

According to our research, there are thirty seven major infrastructure projects with a combined project value of a staggering $123 billion. If they were all to proceed they would create 142,900 new direct jobs.

There’s been a lot of hype over the last couple of years about the end of the mining construction boom and very little else coming through Australia’s infrastructure pipeline.

What has been unfolding behind the scenes in Queensland is quite exciting although few people realise it. I doubt whether any state at any time in Australia’s history has ever had such a big pipeline of projects.

Throughout 2014 there were a lot of approvals of major projects along with various new proposals. Queensland’s jobs growth trend began to show green shoots. By the back end of 2014, Propertyology had become quite bullish in regards to property market outlooks throughout parts of the state.

We place a heavy emphasis on job growth potential with our property market forecasting. Wherever there is a new job there is demand for accommodation.

Official statistics from Australian Bureau of Statistics (ABS) shows that Queensland created a total of 11,048 new jobs over the entire last three full calendar years. This puts the 142,900 job potential from Queensland’s project pipeline in to perspective.

Jobs growth has been the biggest driver of Sydney’s remarkable property boom over the last two years. The evidence is in the ABS data.

Australia created an additional 134,408 jobs in 2014.

52,975 of these were in Sydney.

We flag Brisbane, Gold Coast, Toowoomba, and Cairns as property markets with very promising outlooks.

The Abbott Point expansion at Bowen and rail infrastructure must be built in order to open up the biggest coal province in the world, Galilee Basin. High rollers such as Indian billionaires Adani and GVK, Gina Rinehart, Clive Palmer, and Chinese miner Macmines collectively have projects in the pipeline worth $53 billion.

Over the last two years, the city of Mackay has struggled under falling coal prices and property over-supply. But Mackay was placed back on Propertyology’s radar due to the potential 31,500 direct jobs which would be created if the Galilee Basin was officially opened up. Brisbane will benefit from the thousands of CBD administration new jobs that will be created. To a lesser extent, Townsville’s property market would also benefit through the supply of goods and services at the coal face and at Abbott Point.

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During the January state election campaign, the Queensland Labor government made it known that they were opposed to expanding port facilities, even though, under former Premier Anna Bligh, Labor had initially approved the port expansion before the Newman government scaled it back to a more sustainable size. Earlier this month, Labor flagged a new proposal for the port dredging.

The new government has officially scrapped the $5.2 billion BaT Brisbane transport infrastructure project and raised questions over the proposed Queens Wharf project – comparable in size and quality to the new Barangaroo precinct in Sydney and the Crown Casino precinct in Melbourne.

Propertyology is still investing in Brisbane however we now place a couple of other locations ahead of Brisbane. The 18,000 extra jobs from the BaT project would have been very positive for Brisbane so too would have been the Herston medical precinct proposed by the Newman government. We had also factored in 10,000 new jobs from Queens Wharf but we just don’t know what will happen there now.

The Gold Coast property market has been described by Propertyology as having potential to be the best performing market in Australia over the next two years. When the Gold Coast Mayor first made mention that the proposed $7.5 billion ASF Resort project had potential for as many as 35,000 new (direct and indirect) jobs our ears certainly pricked up.

Since being elected in to office, the new state government has scrapped the project. There’s already a lot of job creating infrastructure projects under way on the Gold Coast. And our outlook for the Australian tourism industry is off the Richter scale.

Despite several major projects being declared ‘dead’ or doubtful’ over recent months, the job creation potential from within the long list of ‘likely to proceed’ projects is still very exciting.

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Costco in talks with Logan City Council over potential new site March 2, 2015 Wholesale retail giants Costco are in talks with the Logan City Council to open a store in the city, Mayor Pam Parker has confirmed.

Cr Parker remained tight-lipped on the issue when ABC 612 Breakfast host Spencer Howson asked her if the US Company was scouting for potential sites in Logan.

“We have had confidential discussions with Costco, Spencer. That’s all I’ll say at this time,” Cr Parker said on Monday morning.

A council spokeswoman said Costco had been in talks with the City of Logan for several years, but no formal development applications had been made.

“Council has been proactively promoting the City of Logan, over a long period of time, as a potential location to hopefully accommodate Costco’s future expansion plans into the broader region,” she said.

“The City of Logan is strategically located between Brisbane and the Gold Coast and would be the ideal place for Costco to establish such a prominent business. We would certainly welcome Costco to our city.”

A Costco Australia spokeswoman also confirmed that that company had been scouting several potential sites.

“We certainly are in talks about potential sites but until we have applied for a development application, there is nothing further we can reveal,” she said.

The spokeswoman said Costco planned to open one new store this year, however it was in Melbourne. She said the warehouses normally took about six months to build.

Costco opened its first Queensland store in North Lakes last year, with the membership-only wholesaler offering discounted rates on everything from sausages to televisions to car tyres.

The retailer has seven warehouses in Australia and has plans to build another Queensland location within the next two years.

Despite an increase in revenue, Costco Australia ran at loss last financial year after opening three new stores.

In January, Costco Wholesale Australia managing director Patrick Noone said he expected the business to post a profit this financial year and generate $1 billion of sales revenue.

“Overall, the number of customers shopping with us is growing and the volumes are growing as we add more stores,” Mr Noone told Fairfax Media.

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Beenleigh dubbed as the new Bulimba as Mayor Pam Parker urges investors to beat the price rise September, 2015 Logan’s mayor says Beenleigh will be the new Bulimba when the $9 million Town Square redevelopment is complete.

Mayor Pam Parker said Beenleigh is what Bulimba was 20 years ago and that investors needed to get in now before prices skyrocketed in five years’ time.

She said Beenleigh was full of prime real estate and that the redevelopment would see economic benefits for the region in the order of $23 million.

“There will be an increase in investment, an increase in residential values and an increase in retail expenditure.”

But unlike its up-market competition straddling the Brisbane River, Cr Parker said more CCTV cameras would feature as part of the Beenleigh CBD works.

Federal Member for Forde Bert van Manen who helped secure $3 million in federal funding for the works said he believed the project was a vote of confidence in what Beenleigh had to offer.

Beenleigh Yatala Chamber of Commerce President Laurie Dore said while he was excited the project, more than 20 years in the making, was about to start, other projects like an upgrade to the city’s PCYC and a new swimming complex could now be addressed.

“Beenleigh is growing and needs a bigger set of clothes,” he said.

Construction is due to begin before September 30.

State Member for Waterford Mike Latter, Logan City Councillor Jennie Breene, Councillor Cherie Dalley, Mayor Pam Parker and Federal Member for Forde Bert van Manen.

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Real Estate Institue of Queensland – Southeast Queensland House Market Leads the Way September 13, 2014 Sales activity across Queensland over the June quarter was up across all property types, according to the Real Estate Institute of Queensland (REIQ).

The REIQ Queensland Market Monitor for the June Quarter 2014 reveals increases in preliminary sales for house, units and townhouses. Vacant land sales were up an impressive 37 per cent.

REIQ Acting CEO Antonia Mercorella said while the state’s total house sales were up across all price points, the upper end of the market continued to perform strongest.

“Sales in the million dollar plus price point were up 28 per cent across Queensland, with an increase of 20 per cent in the $500,000-plus range,” she said.

“Million dollar sales in the unit market also strengthened, with preliminary sales numbers across Queensland up around 10 per cent.”

Ms Mercorella said the increase in sales activity was predominantly recorded in the southeastern corner of the state.

“The Brisbane Local Government Area led the charge with an increase of 19 per cent, closely followed by Logan, which was up 18 per cent,” she said.

“Brisbane’s unusually robust winter sales look set to be replicated in a number of real estate markets throughout the State amid increasing demand, sales volumes and prices.

“The strongest performing sectors of the Brisbane house market were at opposite ends of the spectrum, with increases in the sub-$350,000 and $1 million price brackets helping the city to its fifth consecutive quarter of growth.

“On the Gold and Sunshine Coasts, sales activity remained relatively stable over the quarter amid rebounding confidence in both markets. The Gold Coast median house price rose three per cent to $515,000 over the June quarter, with median prices on the Sunshine Coast up 0.2 per cent to $468,000.

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Logan and Ipswich emerge as south-east Queensland rental hotspots: REIQ November, 2014 The most recent Real Estate Institute of Queensland (REIQ) statistics show that rental markets remain tight, with southeast Queensland’s Logan and Ipswich becoming strong rental hotspots for investors.

REIQ CEO, Antonia Mercorella, said that the latest Residential Rental Survey, conducted at the end of September, found that just four of Queensland’s 16 major regions recorded significant changes in vacancy rates.

She noted that this is evidence of a two-tier residential rental market across the state.

“Logan and Ipswich are emerging as the south-east’s rental hotspots as tenants move further afield from inner-Brisbane in search of more affordable rents,” Mercorella said.

“For the rent you’d pay for a three-bedroom house in Brisbane, you can get a four bedroom house in Brisbane’s outlying areas for up to $65 less a week.”

She noted that, for this reason, Logan and Ipswich are now very tight rental markets with the lowest vacancy rates in the Greater Brisbane region. By the close of September, Brisbane City LGA recorded a 2.3% vacancy rate, relatively stable since the end of June.

“Brisbane’s middle to outer suburbs – those 5-to-20 kilometres from the CBD - recorded a slight easing in vacancy levels, up 0.2% to 2% at the end of September,” she said.

“The city’s inner suburbs, on the other hand, recorded a vacancy level of 2.9%, down from 3.4% at the end of June.”

The Residential Tenancy Authority’s records of median weekly rents for the September quarter also noted relatively steady rents across the LGA, with greater Brisbane returning to a vacancy rate seen 12 months ago – 1.7%.

“Vacancy levels in the Moreton Bay and Redland City council areas remained relatively steady over the three months to September, with both recording 1.8%,” she said.

“While not quite as tight as Logan and Ipswich, strong investor activity and tenant demand are setting the scene for competitive rental markets in both LGAs.” Logan City’s vacancy rate currently sits at 1.5%, with Ipswich City at 1.6%, both down 1.4%.

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Redevelopment of Darlington Park Raceway at Yatala to be Coast’s largest industrial project From: Gold Coast Bulletin June 09, 2015

Aerial of the Empire Industrial Estate at Yatala that is being developed by the Stephens Group. Source: Supplied

THE former Darlington Park Raceway at Yatala is being transformed into a massive i­ndustrial hub which will pump $1 billion into the Gold Coast economy.

The 127ha Empire Industrial Estate being launched today is the largest industrial project on the Gold Coast and one of the largest in Queensland. The estate will ultimately comprise about 250 buildings and provide up to 5000 much-needed new jobs.

The project, to be rolled out over the next decade, will unlock an enormous opportunity for a raft of major commercial and industrial operators who are already lining up to open their national headquarters in the precinct.

The development, in the heart of the Yatala Enterprise Area, is the brainchild of The Stephens Group, a private, familyowned company.

Managing director Tony Stephens said the launch of the massive estate was the realisation of a dream the company has had since the early 1980s when his father, Tony, bought the site. “ We are committed to creating a state-of-the-art industrial hub with architect-designed buildings, a green space conservation corridor and leadingedge planning and infrastructure,” Mr Stephens said.

“The Gold Coast is largely known for its tourism sector, the theme parks, the Hinterland and highrises but our economy is much more diverse than that. The Empire Industrial Estate is a prime example of what our city’s potential really is.”

Tony Stephens and younger brother Phil Stephens, of the Stephens Group, which is behind the Empire Industrial Estate at Yatala. Source: Supplied

He said the estate’s strategic location close to the M1 motorway between the Gold Coast and Brisbane was ideal for attracting businesses nationally. The Caterpillar Logistics centre and Cope Sensitive Freight are anchor tenants, with Caterpillar already operating from an $80 million 60,000sq m warehouse on a 20ha site and Cope, Australia’s largest independent specialist sensitive-freight carrier, finalising a new 3.6ha distribution centre. “ We are speaking to a range of companies nationally that want to establish a base in southeast Queensland and we are totally committed to creating an industrial hub that is one of the best in the country,” Mr Stephens said. “The dream is to see this estate evolve into an asset the entire city can be proud of and reap economic benefits from.”

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King’s Christian College opens campus at Pimpama Gold Coast Bulletin

June 10, 2015

THEY might only be aged eight or nine, but the senior students at the new King’s Christian College campus at Pimpama are already taking their roles very seriously.

The Year 3 students will continue to be the oldest students on the grounds as enrolment grows. Ayla Garaty said she and her 11 classmates were already speaking at assemblies and buddying-up with Prep students since classes began in January. “ We will be the oldest every year we are at school and that makes us very excited and happy,” she said. “ It is up to us to be the leaders and we are already learning how to be role models, peacemakers and how to speak nicely to others — and at events.”

Education Minister Kate Jones officially opened the campus yesterday, which currently caters for Prep to Year 3 but will add a new grade every year. “ Pimpama has been identified as a major growth area of the Gold Coast and I think King’s has built right on the cusp of when the area needed another school,” she said.

Principal Rees Davis said the school held a meeting with the Block Grant Authority yesterday to discuss the next stage of development.

Work on the initial $9 million project was finished in November.

The Year 3 class at the new school celebrate the official opening.

Photo: Tim Marsden Source: News Limited

Education minister Kate Jones opened the campus at Pimpama yesterday. Source: News Limited

Year 3 students Josh Day and Ayla Garaty outside the school.

Source: News Limited

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Pacific Fair’s $670m revamp set to make Broadbeach shopping centre a mustsee destination From: Lucy Ardern, Gold Coast Bulletin

December 19, 2013

SHOPPERS will be lured back to ‘bricks and mortar’ retailers from online shopping when the $670 million transformation of Pacific Fair is complete, according to its owner AMP Capital.

Yesterday AMP Capital shopping centres managing director Bryan Hynes said the aim of the Broadbeach redevelopment, which would kick off on January 13, was to create a new destination that people around the world talked about.

“We want to restore this to be not just the best centre in Queensland, but the best in Australia,” he said. “It will become an icon in this country when it is complete.”

Mr Hynes said just having shops was not enough to deliver customers to centres these days - they wanted to be entertained as well.

“Shopping is not enough anymore,” he said.

“They can shop from the comfort of their own homes these days, so you have to give them more reasons than that to head out.

“This centre will be one of a new generation of shopping precincts when it is complete.”

The finalised plans for Pacific Fair released by AMP Capital yesterday showed an upmarket and significantly expanded shopping area, which retains its outdoor focus and features several pool areas. The new section will be integrated with the existing development thanks to a two-level mall that connects them.

To make it onto the list of the world’s best shopping centres the revamped Pacific Fair will have to top Sunway Pyramid in Malaysia, which has a giant pyramid and lion as part of its design, the giant Istanbul Cehavir Shopping and Entertainment Centre in Istanbul, which boasts a rollercoaster ride, and the Mid Valley Mega Mall in Malaysia, which has a convention centre and hotel attached.

Pacific Fair will measure almost 150,000sq m when it is complete after 46,500sq m of retail space and about 100 speciality stores are added.

Mr Hynes said a deal had been done this week with Westfield Design and Construction to build the development.

The project will be create 1600 construction jobs and when the expanded centre is open, an extra 950 retail staff will be needed. The redevelopment of Pacific Fair was first talked about six years ago, but it was not until AMP Capital became the sole owner of the shopping centre last year that the project was given the green light.

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Project Summary - Samara Meadows

A Contract was signed this week paving the way for the three-year redevelopment of Pacific Fair shopping centre to start on January 13.

Today shopping centre owner AMP Capital announced the construction deal, which was done this week, and promised that the $670 million modern revamp would completely transform Pacific Fair.

Pacific Fair will grow in size by about 30 per cent to 150,000sq m, with about 100 new specialty stores added, along with expanded Coles, David Jones, Big W and Target stores. An extra 1300 car parks will also be available at the centre. AMP Capital shopping centres managing director Bryan Hynes said Pacific Fair would become one of the must-see shopping destinations not only in Australia, but throughout the world when the work was completed at the end of 2016.

“The Gold Coast is Australia’s number one tourism destination with more than 11.5 million visitors each year, so attracting tourists is a key focus for the centre,” he said.

“Pacific Fair will be a Gold Coast ‘must visit’ (site), with a five-star resort ambience and a unique indoor, outdoor environment reflecting the Queensland lifestyle. “ ... This will appeal to tourists, however, it will also provide residents with a truly exceptional local destination for shopping, dining, leisure and entertainment.”

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