BRISBANE Catholic Education (BCE) has purchased a 12-hectare site at Flagstone City, one of Australia’s largest urban zoned greenfield developments.
Greater Flagstone is strategically located in the Logan growth corridor, 45km south west of the Brisbane CBD, and will be a key location for Brisbane’s future urban growth. Core to this growth area is the Flagstone City development.
Ray White’s Associate Director of Special Projects Queensland Andrew Burke, who struck the deal with colleague Matthew Fritzsche, said the sale was a significant milestone for Peet Limited’s Flagstone development.
“Over the next 30 years, more than 12,000 homes will be delivered within the residential neighbourhoods that surround the city centre, along with services and employment for thousands of people. This is a great stepping-stone for a critical project,” Mr Burke said.
“This is a landmark sale for future residents of Flagstone City. Catholic Education is a major provider of schooling across the country, so to have an institution offering Prep to Year 12 is a major drawcard for families.”
Mr Burke went on to say the deal, which followed a five-week expression of interest period in 2017, would be a catalyst for attracting future residents.
“Flagstone City will have everything a family could need. From medical and technology facilities, through to shopping and entertainment, there will be something for everyone,” he said.
“But something that underpins all of this is a child’s education. To have such a high-profile education provider in the city could be the catalyst for families or couples planning a family to see Flagstone as a serious option to set up home in.”
Brisbane Catholic Education’s Executive Director, Pam Betts, said the purchase reflected her organisation’s commitment to providing first class Christian education in rapidly-developing areas throughout south east Queensland.
“The new college will ultimately cater for around 1,800 students from Prep to Year 12 and will be a real attraction for young families moving into the Flagstone region,” Ms Betts said.
Pending government and funding approvals, BCE is hopeful of opening the college in 2023.
For a high res image, CLICK HERE.
In the dynamic and ever-evolving world of real estate investment, one key decision can make all the difference in the success of an investor’s portfolio: the choice of their management team.
A retail development site in the heart of Perth’s CBD has sold for $48 million. The 1,705sqm site at 96 and 110 William Street, and 255 Murray Street Mall was marketed by RWC WA agent Brett Wilkins.