Rare 12.7ha Development Opportunity - Primed for longer term intensification
Springfield Central – City West
7012 Sinnathamby Boulevard, Spring Mountain, QLD 4300 &
Part of 7003 Sinnathamby Boulevard, Springfield Central, QLD 4300
https://springfieldcitywest.com.au/
Colliers and Stonebridge Property Group are pleased to offer to market City West, a rare 12.7 ha development site ideally situated in the heart of Springfield Central.
This strategic development site benefits from “Town Centre” zoning, allowing a mix of permissible uses, including convenience retail, large format retail, commercial offices, entertainment, and leisure as well as medium density residential. The opportunity is underpinned by strong population growth, retail expenditure and pent-up retail demand.
City West Development Highlights
- Prime 127,250m² landholding with significant mixed-use and future development potential
- Located approximately 25km south-west of Brisbane CBD, 60km north of the Gold Coast CBD, and 15km south-east of Ipswich CBD, in the epicentre of one of Australia’s fastest growing regions, Greater Springfield
- Ease of access onto the Centenary Hwy which services 85,000 cars daily², with access to Brisbane CBD in 41 minutes via rail and 32 minutes via vehicle¹
- Flexible zoning and land use designation enabling a variety of permissible uses, and offers the ability to deliver the precinct in stages to meet the demand of a growing population catchment
- Forecasted population growth rate for the Main Trade area is approximately 3.6% per annum, with the population reaching 251,428 by 2036³
- $18 billion invested in social and physical infrastructure to date, with a total estimated investment of $85 billion upon completion of the Greater Springfield project¹
- The MTAs Large Retail Format expenditure estimated at $709.9 million in 2023 is forecasted to grow to $1.83 billion in 2036 at an average growth rate of 7.6% per annum³
This rare opportunity to acquire 100% interest in the site is being exclusively offered via an Expression of Interest (EOI) campaign closing Friday, 15th March 2024 at 2:00pm Australian Eastern Standard Time (AEST).
For further information on the sale process or to arrange an inspection of City West, please contact the selling agents:
Lachlan MacGillivray
Managing Director, Asia Pacific | Retail Capital Markets
+61 413 053 919
lachlan.macgillivray@colliers.com
Harry Dever
Associate Director | Retail Middle Markets, QLD
+61 421 170 033
harry.dever@colliers.com
Julian White
National Partner, Stonebridge Property Group
+61 422 764 137
jwhite@stonebridge.com.au
Philip Gartland
National Partner, Stonebridge Property Group
+61 403 582 324
pgartland@stonebridge.com.au
*All figures are approximate and site boundary outlines are indicative only.
¹ Greater Springfield
² Transport and Main Roads QLD
³ Deep End Services Report - November 2023
