Commercial - Australia - Brisbane - The Banyo Project - Grosvenor

GROSVENOR credentials - Mixed Use Sector
THE BANYO PROJECT
From Army depot to an industrial
and residential subdivision
TYPE OF DEVELOPMENT
A 20.6 hectare (50.9 acre) mixed-use residential and
industrial sub-division.
KEY SUCCESS MEASURES
The site was acquired via tender from the Commonwealth
Government in 2003 for $9million and total project sales
exceeded $41million.
BACKGROUND
The Banyo site was acquired from The Department of
Defence, who had used the site since World War II as
an army storage depot.
Right from the start, we recognized the potential for
the site as it bordered residential and industrial zones
as well as its close proximity to the Motorway and
Brisbane Airport.
During the rezoning process, we conducted
extensive community engagement and worked
closely with the Brisbane City Council and local
stakeholders to establish the optimal land
use, from what was a disused army depot.
We created the final master plan consisting: 20
industrial allotments and 101 residential allotments
separated by a 3 hectare (7.4 acre) parkland. After
receiving development approvals, the residential
component was on-sold to a specialist house builder.
On the industrial portion, we progressively sold lots
to owner-occupiers and secured a 4,125 square
metre commitment for a purpose-built warehouse
for Symbion Consumer Products. In October 2008,
we sold the last parcels of land from the Banyo
development completing a successful 5-year
project. The success of this project demonstrated
our ability to identify and profitably maximize
development opportunities in Australian cities
using our local understanding and knowledge.
Living cities
www.grosvenor.com

GROSVENOR credentials - Mixed Use Sector
Grosvenor Industrial Development, Banyo
ISSUES RESOLVED
There were two main issues in the design of the
project: Firstly creating an adequate buffer between
the competing land uses of residential and industrial
and secondly arriving at an appropriate solution
for storm water run-off and flood management.
Within the residential component of the project
the two issues were dealt with simultaneously,
with the parkland buffer area of approximately
3 hectares (7.4 acres) also acting as a water
detention basin during heavy downpours.
Within the industrial component, the allotments
were designed to be raised above the road level,
with the road itself acting as a detention basin in
the event of a 1:100 year flood.
TEAM INVOLVED
Developers: 100% Grosvenor
START DATE/END DATE
2003 - 2009
Living cities
www.grosvenor.com