Birdwood Terrace, Holland Park, Brisbane, Queensland
Another profitable project from the Reid property group.
PROJECT SUMMARY
Private Hospital Site
Completed re-design
Secured management team
Completed civil works
Project Status
SOLD
INVESTOR PARTICIPATION
Formed a joint venture with a civils contractor/developer
Sold this project to the joint venture party
Extremely profitable project for the purchaser
Approximately 30% Project Profit to our group.
Substantial vacant site in Holland Park, Brisbane. The property was purchased with a Development Approval for a 90 bed private hospital.
Our group purchased the site and developed the concept to a more advanced stage, including appointment of a manager for the hospital. A joint venture partner (civils contractor/co-developer) was introduced to the project to complete the civil works, and our interest in the site was subsequently sold to the joint venture party.
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