Commercial - Australia - Brisbane - The Banyo Project - Grosvenor
Commercial - Australia - Brisbane - The Banyo Project - Grosvenor
Commercial - Australia - Brisbane - The Banyo Project - Grosvenor
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GROSVENOR credentials - Mixed Use Sector<br />
THE BANYO PROJECT<br />
From Army depot to an industrial<br />
and residential subdivision<br />
TYPE OF DEVELOPMENT<br />
A 20.6 hectare (50.9 acre) mixed-use residential and<br />
industrial sub-division.<br />
KEY SUCCESS MEASURES<br />
<strong>The</strong> site was acquired via tender from the Commonwealth<br />
Government in 2003 for $9million and total project sales<br />
exceeded $41million.<br />
BACKGROUND<br />
<strong>The</strong> <strong>Banyo</strong> site was acquired from <strong>The</strong> Department of<br />
Defence, who had used the site since World War II as<br />
an army storage depot.<br />
Right from the start, we recognized the potential for<br />
the site as it bordered residential and industrial zones<br />
as well as its close proximity to the Motorway and<br />
<strong>Brisbane</strong> Airport.<br />
During the rezoning process, we conducted<br />
extensive community engagement and worked<br />
closely with the <strong>Brisbane</strong> City Council and local<br />
stakeholders to establish the optimal land<br />
use, from what was a disused army depot.<br />
We created the final master plan consisting: 20<br />
industrial allotments and 101 residential allotments<br />
separated by a 3 hectare (7.4 acre) parkland. After<br />
receiving development approvals, the residential<br />
component was on-sold to a specialist house builder.<br />
On the industrial portion, we progressively sold lots<br />
to owner-occupiers and secured a 4,125 square<br />
metre commitment for a purpose-built warehouse<br />
for Symbion Consumer Products. In October 2008,<br />
we sold the last parcels of land from the <strong>Banyo</strong><br />
development completing a successful 5-year<br />
project. <strong>The</strong> success of this project demonstrated<br />
our ability to identify and profitably maximize<br />
development opportunities in <strong>Australia</strong>n cities<br />
using our local understanding and knowledge.<br />
Living cities<br />
www.grosvenor.com
GROSVENOR credentials - Mixed Use Sector<br />
<strong>Grosvenor</strong> Industrial Development, <strong>Banyo</strong><br />
ISSUES RESOLVED<br />
<strong>The</strong>re were two main issues in the design of the<br />
project: Firstly creating an adequate buffer between<br />
the competing land uses of residential and industrial<br />
and secondly arriving at an appropriate solution<br />
for storm water run-off and flood management.<br />
Within the residential component of the project<br />
the two issues were dealt with simultaneously,<br />
with the parkland buffer area of approximately<br />
3 hectares (7.4 acres) also acting as a water<br />
detention basin during heavy downpours.<br />
Within the industrial component, the allotments<br />
were designed to be raised above the road level,<br />
with the road itself acting as a detention basin in<br />
the event of a 1:100 year flood.<br />
TEAM INVOLVED<br />
Developers: 100% <strong>Grosvenor</strong><br />
START DATE/END DATE<br />
2003 - 2009<br />
Living cities<br />
www.grosvenor.com