Regent Street Property
The Company has entered into a sale purchase agreement to acquire 30% of the Regent Property Trust that owns the Regent Street Property Development (The Project) for $1.2 million and a put and call option agreement to purchase the remaining 70%. The purchase and option agreements are subject to shareholder, and regulatory approvals.
Development Approved Project Design
Views North to city
The Regent Street Project at Woolloongabba, Brisbane further diversifies the geographic locations of the Company's property portfolio.
The property has Development Approval from the Brisbane City Council for 54 apartments that is a mix of 1, 2 and 3 bedroom apartments and a 3 level basement residential and visitor car parking facility.
The successful completion of the Regent Street Project will increase the size of the Company's property portfolio and increase profitability.
A Project Manager has been appointed to facilitate the Regent Street Project.
Regent Street conceptual architectural impression