Showing posts with label aph. Show all posts
Showing posts with label aph. Show all posts

Sunday, April 10, 2011

Trilogy Definitely Not Going Ahead - One less hotel for Brisbane


The Trilogy building, which was to be a mix of apartments, offices and a Mirvac hotel, is officially dead.

Despite reportedly good off-the-plan sales, it is now reported that the current owners of the land are selling to a Melbourne developer who will build an office tower on the site. This may impact some of the views from Aurora?

See Brisbane Times

Saturday, May 2, 2009

APH Liquidation Sale

"THE last apartments in the Drift development at Casuarina will be up for grabs via a liquidation sale, after developer APH Properties announced a major sell-off of its final holdings in the project."

"On completion in 2010, the Casuarina community is expected to include 600 beach homes and 1500 apartments and villas, along with commercial and recreational facilities."

Source: GC

Prices still seem high. They are listed at $685,000 to $900,000 for a three bedroom apartment.

I will avoid this development and location!

APH is the developer who is trying to get Trilogy Towers off the ground - so maybe they need cash to proceed with Trilogy? The sales agent said that APH had finance, and would start work in February this year, but clearly that was not the case.

Tuesday, August 19, 2008

Trilogy Sales

Demolition has started on the site for the Trilogy building in Brisbane.

The building will include a Mirvac managed hotel. Mirvac is not the developer and is not doing the construction. It is uncertain if a construction contract has been signed, and construction finance probably has not been obtained yet.

The hotel component includes 192 strata titled 1 and 2 bedroom suites. These are now in pre-release, with pricing starting at $480,000 and going up to $1M. According to my survey, between 60 and 70 have been sold. The public launch has been delayed, and is likely to be early September 2008. The developer is offering a 6% rent guarantee for 2 years, with settlement due in 2012.

Saturday, May 31, 2008

Trilogy Update

Saturday, May 17, 2008

Trilogy Tower - Going Ahead

Trilogy is a building that will have three parts - office, hotel and residents. APH tried to sell the office component and failed. See Brisbane's $300m Trilogy tower campaign fails from The Australian.

That article states:

APH managing director John Wilson said a funding package, led by the Bank of Scotland, was now in place for Trilogy and negotiations finalised with builder Laing O'Rourke.

"At no stage have we hesitated," he said.

A deal had been signed with a five-star hotel operator and would be announced soon.

Marketing would begin this month on the sale of the 192 one- and two-bedroom hotel apartments, which would range in price from $500,000 to $900,000.

The 110 residential apartments at the top of the tower would be priced between $1 million and $5million.

A start of work on the $700 million Trilogy -- which APH said would be taller than any other existing building in Brisbane -- would confirm the race had begun to deliver the city's next generation of super towers.

However, with funding difficult in the wake of the credit crisis, analysts believe many of the developments proposed for Brisbane will fail to materialise.

With timing now crucial, GPT Group has started work on its $500 million 111 Eagle Street tower nearby, and work is under way on Austcorp's $1 billion Vision tower.

APH has begun demolition on its site between Queen and Adelaide streets and expects to start construction next month.

Mr Wilson said special techniques would speed construction and allow delivery of the office space by May 2011.

"As far as we know we will be first to market, in terms of buildings that are about to start," Mr Wilson said.

Meanwhile, Metacap Developments -- a joint venture between Sydney-based Newell Palmer Securities and Brisbane developer Alex Jimenez -- has announced it will start construction in the new financial year on its $500 million Empire Square tower on Elizabeth Street. It secured a deal last year with five-star hotel operator Westin over the 306 hotel rooms and 104 branded apartments.

Empire Square will include about 23,500sqm of A-grade office space.


Sunday, May 11, 2008

Trilogy - New tower will ease five-star room shortage

From the Sunday Mail today:

CONSTRUCTION will begin next month on Brisbane's latest luxury hotel as the city continues to face a critical accommodation shortage.

Trilogy, which will feature 192 five-star one and two-bedroom hotel apartments in a 70-storey tower, will be the first five-star hotel built in Brisbane for a decade. A report released by Deloitte last week found Brisbane had the fourth-highest hotel occupancy rate in the world at 84.3 per cent. "It's pretty powerful, compelling evidence of the need for more hotel rooms in Brisbane," said John Wilson of APH Capital Partners, backers of the $700 million development. "There's a tremendous demand for five-star rooms in the city." Trilogy will have a massive lantern incorporated into the design, which will light up the night sky over the CBD and make it one of the city's most recognisable buildings.

"It will be an incredible landmark," he said. "Our intent was to make it something that over time will be instantly recognisable. "There are buildings around the world that people recognise and associate with particular cities and this will become one of them."

At 265m, APH is also claiming it will be Brisbane's tallest building, although it could be overtaken by Vision, a 287m residential and commercial tower planned for the city.

Trilogy will be built on the site formerly occupied by the Red Cross building at 480 Queen St. Demolition has begun and construction will start in June. It should be completed about the middle of 2012. In addition to the hotel, it will feature 109 luxury residential apartments and 28 levels of offices. The cost of building traditional luxury hotels had been prohibitive, but Trilogy will be selling the hotel apartments as strata titles to individual investors and leased back to the hotel operator – to be named later this month.

Prices for the fully furnished rooms – with views over the Brisbane River, Story Bridge and the city – will range from $500,000 to $900,000.

The Deloitte annual Hotel Occupancy Global Ranking Index, which compares 165 cities outside North America, listed Perth at No. 1. Cairns, Sydney, Melbourne and Adelaide also joined Brisbane in the Top 20.

Wednesday, February 13, 2008

Trilogy Tower & Mirvac

APH is spreading the rumor that Mirvac will be managing its new apartment hotel complex at Trilogy. Pricing is said to start at $480,000 for a one bedroom furnished apartment without a river view.

I hope that APH will do a better job than it did on Aurora, where there are many unhappy residents and unhappy owners.

Saturday, November 10, 2007

Trilogy Tower

The pre-sales website has been launched for Trilogy Tower, on Queen Street. See http://www.trilogytower.com.au/

The developer, APH, is selling the whole building. There have been full page advertisements in the Financial Review.

Although not yet started, this building will be 70 floors high, located next door to Aurora.

"Trilogy Tower is situated on Queen Street, Brisbane's main street, and is destined to be the city's most famous landmark in the decades to come.

Due for completion in 2011, it will dominate the city and the waterfront from its position at the gateway to the CBD's highly prized 'Golden Triangle', the preferred location for Brisbane's leading corporate tenants.

Trilogy Tower is also conveniently sited within strolling distance of Brisbane's main shopping precinct, the majority of Brisbane's fine dining restaurants and many upmarket stores and lifestyle boutiques."

The building will include apartments:

"109 single and double storey prestige residential apartments

  • Occupation late 2011
  • World-class interior designs
  • Residents will have access to premium services (TBA)
  • Access to Residents private recreation deck including pool and spa on level 53
  • Dedicated high-speed lifts for residents use only
  • Secured basement carparks
  • Secured basement storage facilities"

And a hotel:

  • Five-star All Suite Hotel to commence operation in late 2011
  • Managed by Five-star hotel operator
  • 192 one and two bedroom hotel apartments
  • Dedicated Porte Cochere and Reception via Adelaide Street
  • Business Centre
  • Functions Centre
  • 25m heated pool
  • Fitness Centre
  • Stunning views of the Brisbane River and Story Bridge from all levels
  • Secured basement carpark
  • High speed lifts dedicated for hotel guests only
  • Five-star furniture packages available
  • One and Two bedroom Five-star Hotel Apartments available for investment from only AUD $450,000"