Construction Update - South East Queensland August 2019

CFMG Capital are currently operating or in the planning stages of 8 projects across South East Queensland, with each of them at various points of the development cycle.  A brief update on each region appears below.

 

Brisbane North

Oakland Pocket and Creeks Edge are both fully completed with all 137 lots registered.  Investors in both projects have been fully paid out and CFMG Capital is in the process of selling down a handful of the final remaining allotments.  Meanwhile, closer to town at Lomandra Park in Bridgeman Downs, construction of Stage 1 is full steam ahead with bulk earthworks completed  with retaining walls under construction, stormwater infrastructure currently being installed and ‘pipe jacking’ is underway where contractors are essentially tunnelling under existing road infrastructure to install a 1200mm stormwater pipe for effective discharge and stormwater management.

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Logan Corridor

Middleton Park is well underway in Stage 2 works with registration expected prior to Christmas, while the completed Stage 1 is now a hive of activity with residents now moved in, well over 30 frames up and homes at lockup ready for their new residents to move into the Middleton Park community.  Around the corner, construction of Solander Estate’s final Stage 3 is full steam ahead with kerb and channels now in and roads forming with initial bitumen now down.  Stages 1 & 2 are fully completed with well over 100 completed homes and the Solander community a thriving new address in the area.  Just a stones throw from Solander Estate is Birchwood Estate, where a Development Approval is in place and Stage 1 construction should commence prior to Christmas.

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Inner South East

The boutique 15 lot Mayfair Lane project in the inner ring suburb of Rochedale has now achieved a development approval with construction also expected to commence prior to Christmas in 2019.  Competition for this project is expected to be fierce in this thriving lifestyle location. 

Gold Coast Corridor

The 100 lot Elevate Estate is now well progressed with construction of Stage 1 allotments well advanced.  A new sales office is set to be installed late August as the project now begins to really take shape.

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CFMG Capital continues to look to secure appropriate parcels of land in South East Queensland that meets the stringent investment criteria for the CFMG Land & Opportunity Fund and to meet demand for investment in our projects and we are committed to securing appropriate projects to develop and manage on behalf of our valued investors.