Showing posts with label lexicon. Show all posts
Showing posts with label lexicon. Show all posts

Saturday, December 14, 2013

Brisbane Apartments

A Brisbane real estate agent who sells CBD apartments (Hannah Schuhmann) produced an interesting map that shows some of the larger apartment buildings in Brisbane city.  Those buildings were designed for residents and long term tenants.  However, most of these buildings are now mixed -- the onsite manager is running a short term rental pool, and is pretending to operate a hotel.  (Oaks is the predominate manager of the listed buildings on the map.)

It is interesting that this same real estate agent, who is selling an apartment in Metro 21 states, as a feature of Metro 21:

"No hotel-style accommodation within the building".



Saturday, August 1, 2009

Recent Sales

1/20 Anthony Street, West End - Tempo Terrace House - 3 bed, 2 bath, 2 car, 2 floors - $740,000

8/53 Whitmore St, Taringa - 3 bedrooms - $500,000

603/347 Ann Street - Lexicon - 1 bed, no car, $320,000

206/229 Queen Street - MacArthur Chambers - 2 bed, 2 bath, 1 car, 82sqm - $520,000

Sunday, June 7, 2009

Oaks Sells Out - To Brother!

Oaks has sold the management rights for 212 Margaret Street and Lexicon Apartments. The sale was to a newly created company partly owned by the brother of the CEO. I feel sorry for owners of any apartments that Oaks manages. You can read reports in previous posts about how Oaks is turning apartment buildings into short term stay buildings. I feel even more sorry for the owners that are now dealing with this new entity.
At the recent Oaks AGM, there were reports that angry Aurora owners questioned the CEO of Oaks, and that he could not provide sensible answers.
See ASX Release and follow-up.