Mirvac Group Eyes 4,000-Home Brisbane Prize as Visy Site Race Narrows
Mirvac Group and Lendlease are now seen as the leading contenders to redevelop the former Visy glass site along Brisbane’s South Brisbane riverfront, according to the Courier-Mail. That puts the two heavyweight Australian developers out in front in the state-run competition for the rare inner-city property. The Courier-Mail also noted that Economic Development Queensland hasn’t officially announced the shortlist. Dubai-based Sobha Realty and Azizi Developments are reportedly still in the running. Timing is crucial here: the site is large, nearby, and carries political weight. EDQ calls it 7.1 hectares of prime riverfront, just 1.3 kilometres out from Brisbane’s CBD, with 400 metres of river edge and scope for over 4,000 homes inside a mixed-use area.