Completed / Sold Projects

Completed / Sold Projects

THE LAKES - DOLPHIN POINT, ULLADULLA, NSW

APGF developed and fully sold out the first 3 stages of The Lakes residential estate at Dolphin Point, near Ulladulla on the New South Wales south coast.

The balance of undeveloped land was on-sold in April 2017.  Three small lots adjacent to the Lakes residential estate were on-sold in June 2017.


SPRINGFIELD MEADOWS - ULLADULLA, NEW SOUTH WALES

APGF developed the well-positioned 13.8 hectare residential land subdivision project known as Springfield Meadows, located between the flourishing and picturesque coastal townships of Ulladulla and Mollymook on the south coast of New South Wales South.

The 103-lot estate was developed over two stages and was fully sold out in late 2015.


ROYAL BANK CHAMBERS - MELBOURNE CBD, VICTORIA

Royal Bank Chambers is a classic sandstone building constructed for bank premises in 1940. Located at 287-301 Collins Street, Melbourne, this quality property is situated at one of the most prominent Collins Street locations in the heart of the Melbourne's CBD. With a net lettable area of approximately 5,280 square metres, the Art Deco-style building encompasses two basement floors, a large ground floor and mezzanine level in addition to the nine upper floors. The property has significant street frontage to both Collins Street and Elizabeth Street.

APGF was only the second owner in the building's 70-year history and it was the first time in the property's history that non-bank users had the opportunity to locate their businesses in this historic building.

The sale of the property settled to international investors on 10 December 2013.


BLUE TOWER - BRISBANE CBD, QUEENSLAND

Located in the heart of Brisbane's 'golden triangle', the 32,000 square metre Blue Tower commercial office tower in Creek Street, Brisbane, was APGF's flagship property. Situated 150 metres from the GPO, it provides close proximity to the financial and retail sectors of the Brisbane CBD. The property consists of a 37-level commercial office building and a separate two-level annexe building. The main office tower has 32 levels of offices, ground floor lobby and retail, and four levels of basement car parking comprising approximately 308 car parks. The net lettable area of the property is approximately 32,200 square metres.

APGF delivered the most significant capital expenditure program in the Blue Tower's 23 year history. An $8 million services upgrade was completed in May 2011, which saw the ground floor foyer refurbished together with new air-conditioning chillers, controls and lifts installed as part of the modernisation program.

The sale of the property settled on 31 October 2012 to Dexus Property Group for $241.6 million.


WESTPAC CONCORD CAMPUS - CONCORD WEST, SYDNEY, NEW SOUTH WALES

The Westpac Concord Campus is a commercial/business park development comprising approximately 16,500 square metres of office accommodation with onsite childcare facilities, café, gymnasium and 485 car parks situated at 7 King Street, Concord West, Sydney. The property was purpose-built for Westpac Banking Corporation Limited in 1997. It houses Westpac's administration, processing and call centre services for a number of the bank's business units.

Originally used as a base camp for American soldiers during World War II, the campus has also served as a Massey Ferguson farm machinery assembly factory and a Telstra engineering workshop in later years. Some of the original building frame was retained and reused in the construction of the current Westpac campus by Baulderstone Hornibrook in 1996/97.

The property has one of the largest floor plates of any building in Sydney as its office component is on a single level. The building area comprises around 15,000 square metres of office space, 458 square metres for childcare and a lower ground area of approximately 1,400 square metres including the café and gym.

The campus is also well situated to public transport services, located adjacent to the Concord West Railway Station. Concord West is centrally located within Sydney, with Parramatta being 12 kilometres to the west, Homebush Bay one kilometre to the east and the Sydney CBD approximately 15 kilometres to the east.

APGF sold this property in May 2012 for $52 million.


99 MELBOURNE STREET - SOUTH BRISBANE, QUEENSLAND

Located on a prime 2,700 square metre site adjacent to the Brisbane Convention & Exhibition Centre in South Brisbane, 99 Melbourne Street is a five-level office building, comprising a net lettable area of approximately 6,200 square metres. Constructed in 2004, the low-rise building was designed to capitalise on the main street location, offering a 90-metre frontage in the heart of South Brisbane's thriving South Bank precinct. The building is defined by its classic red brick façade and extensive glazing.

During 2005, AbiGroup won the Queensland Master Builders Award for commercial office construction over $10 million for constructing the Melbourne Street complex, while Leyshon Developments Pty Ltd as the developer was awarded a High Recommendation in the Property Development category of the Australian Property Institute Awards. The project was also a finalist in the 2006 Property Council of Australia Rider Hunt Queensland Awards.

The Fund acquired the building on 21 December 2004, which opened fully leased in early 2005. It was sold in September 2010 for an investment value of $28.5 million.


LONDON WOOLSTORE - TENERIFFE, BRISBANE, QUEENSLAND

The historic two-storey AML&F Woolstore and two adjoining buildings were purchased in 2004. Located on the Brisbane River at Teneriffe, the heritage-listed London Woolstore is a blend of architectural vision and contemporary innovation. The project involved the conversion and refurbishment of the former Woolstore building constructed in 1912 into 89 residential apartments, car parking and nine ground-level retail shops, with two smaller buildings for commercial offices.

The building is located in a former industrial area of inner Brisbane that has undergone significant rejuvenation and is now a hub for restaurants and speciality retail outlets.

Construction began in December 2004 and was completed in January 2006. The total site area is 7,034 square metres and the project fully sold out in March 2007 with a total value on completion of $50 million.


CPA CENTRE - BRISBANE CBD, QUEENSLAND

CPA Centre is located on the corner of Queen and Creek Streets in the heart of the Brisbane CBD's "Golden Triangle." The 29-level commercial office building at 307 Queen Street was acquired in August 2002 by 307 Queen Street Trust for $58.8 million. The building was subjected to a major refurbishment and re-leasing program, including works on the foyer, lift and airconditioning. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, it was sold in October 2005 for an investment value of $85.3 million.


REGATTA RIVERSIDE - TOOWONG, BRISBANE, QUEENSLAND

Situated on the north bank of the Brisbane River and only four kilometres from the Brisbane CBD, Regatta Riverside is a two-tower 183-apartment residential development featuring prime river and city views. The 8,800 square metre site is a prime riverfront site opposite the historic Regatta Hotel on Coronation Drive, Toowong. Secured for $8 million, the site combined 15 individual land parcels owned by six parties, with Coronation Drive, Sylvan Road and Land Street forming primary boundaries. Construction of the project commenced in December 2001 and was completed in September 2003. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, the total investment value was $70 million.


ST GEORGE BANK HOUSE - BRISBANE CBD, QUEENSLAND

Another property located in the Brisbane CBD, the 13-level commercial office building was purchased in 1998. Situated at 10 Felix Street, opposite the landmark commercial office tower Waterfront Place and the Stamford Plaza Hotel, St George Bank House has a net lettable area of 4,600 square metres. Following a successful refurbishment and re-leasing campaign undertaken by an entity associated with and managed by APGF's current senior executives and directors, the building was sold in June 2001 fully occupied for an investment value of $14 million.


INDOOROOPILLY CENTRAL - INDOOROOPILLY, BRISBANE, QUEENSLAND

A retail warehouse/storage development located at Moggill Road, Indooroopilly approximately seven kilometres from the Brisbane CBD. The development comprised 10,800 square metres of retail warehouse and a 5,500 square metre storage centre. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, Indooroopilly Central was sold in July 1998 for an investment value of $27 million.


KINGSHOME APARTMENTS - TARINGA, BRISBANE, QUEENSLAND

Situated only five kilometres from Brisbane's CBD, Kingshome Apartments is a residential apartment development at Swann Road, Taringa. The development comprised 80 apartments and was completed in June 1998. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, Kingshome Apartments is regarded as one of the most successful residential apartment developments in Brisbane's prestigious Toowong / St Lucia area with a total investment value of $30 million.


WILLIAM JOLLY PLACE - NORTH QUAY, BRISBANE, QUEENSLAND

The former Australia Post State Parcel Centre located at North Quay in Brisbane city was purchased in 1999. Half of the site was developed into a storage centre, with the remaining 3,500 square metres of floor space refurbished and leased as commercial office space. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, William Jolly Place was sold in June 2000 with a total investment value of $15 million.