VALENCIA - 57 OLD NORTHERN ROAD, ALBANY CREEK

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  • Sharon O'Sullivan
  • Jun 12th 2018

Blue Commercial has completed the successful Valencia project, having been involved in all components of this mixed-use development.

The site was sold to local developer Drivas Lakes, and then carried out the development management of the project, which included 14 apartments and 3 retail tenancies. Our role was to co-ordinate the design and implementation of the development, ensuring it’s market viability.

The 3 retail tenancies were leased by Blue Commercial to Guzman Gomez, Conexio Games and Brisbane’s largest Vet Hospital. The 14 apartments were separately sold under Blue Commercial’s supervision and the retail component was sold for $4.085M. The sale represented a 7% yield on completion.

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