99 Melbourne Street, South Brisbane
Located on a prime 2,700 square metre site adjacent to the Brisbane Convention & Exhibition Centre in South Brisbane, 99 Melbourne Street is a five-level office building, comprising a net lettable area of approximately 6,200 square metres. Constructed in 2004, the low-rise building was designed to capitalise on the main street location, offering a 90-metre frontage in the heart of South Brisbane’s thriving South Bank precinct. The building is defined by its classic red brick façade and extensive glazing.
During 2005, AbiGroup won the Queensland Master Builders Award for commercial office construction over $10 million for constructing the Melbourne Street complex, while Leyshon Developments Pty Ltd as the developer was awarded a High Recommendation in the Property Development category of the Australian Property Institute Awards. The project was also a finalist in the 2006 Property Council of Australia Rider Hunt Queensland Awards.
The Fund acquired the building on 21 December 2004, which opened fully leased in early 2005. It was sold in September 2010 for an investment value of $28.5 million.
London Woolstore
The historic two-storey AML&F Woolstore and two adjoining buildings were purchased in 2004. Located on the Brisbane River at Teneriffe, the heritage-listed London Woolstore is a blend of architectural vision and contemporary innovation. The project involved the conversion and refurbishment of the former Woolstore building constructed in 1912 into 89 residential apartments, car parking and nine ground-level retail shops, with two smaller buildings for commercial offices.
The building is located in a former industrial area of inner Brisbane that has undergone significant rejuvenation and is now a hub for restaurants and speciality retail outlets.
Construction began in December 2004 and was completed in January 2006. The total site area is 7,034 square metres and the project fully sold out in March 2007 with a total value on completion of $50 million.
CPA Centre
CPA Centre is located on the corner of Queen and Creek Streets in the heart of the Brisbane CBD’s “Golden Triangle.” The 29-level commercial office building at 307 Queen Street was acquired in August 2002 by 307 Queen Street Trust for $58.8 million. The building was subjected to a major refurbishment and re-leasing program, including works on the foyer, lift and airconditioning. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, it was sold in October 2005 for an investment value of $85.3 million.
Regatta Riverside
Situated on the north bank of the Brisbane River and only four kilometres from the Brisbane CBD, Regatta Riverside is a two-tower 183-apartment residential development featuring prime river and city views. The 8,800 square metre site is a prime riverfront site opposite the historic Regatta Hotel on Coronation Drive, Toowong. Secured for $8 million, the site combined 15 individual land parcels owned by six parties, with Coronation Drive, Sylvan Road and Land Street forming primary boundaries. Construction of the project commenced in December 2001 and was completed in September 2003. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, the total investment value was $70 million.
St George Bank House
Another property located in the Brisbane CBD, the 13-level commercial office building was purchased in 1998. Situated at 10 Felix Street, opposite the landmark commercial office tower Waterfront Place and the Stamford Plaza Hotel, St George Bank House has a net lettable area of 4,600 square metres. Following a successful refurbishment and re-leasing campaign undertaken by an entity associated with and managed by APGF's current senior executives and directors, the building was sold in June 2001 fully occupied for an investment value of $14 million.
Indooroopilly Central
A retail warehouse/storage development located at Moggill Road, Indooroopilly approximately seven kilometres from the Brisbane CBD. The development comprised 10,800 square metres of retail warehouse and a 5,500 square metre storage centre. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, Indooroopilly Central was sold in July 1998 for an investment value of $27 million.
Kingsholme Apartments, Taringa
Situated only five kilometres from Brisbane’s CBD, Kingshome Apartments is a residential apartment development at Swann Road, Taringa. The development comprised 80 apartments and was completed in June 1998. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, Kingshome Apartments is regarded as one of the most successful residential apartment developments in Brisbane’s prestigious Toowong / St Lucia area with a total investment value of $30 million.
William Jolly Place, North Quay
The former Australia Post State Parcel Centre located at North Quay in Brisbane city was purchased in 1999. Half of the site was developed into a storage centre, with the remaining 3,500 square metres of floor space refurbished and leased as commercial office space. Austereo Group Limited, owner of leading Brisbane commercial radio stations Triple M and B105, signed a 15-year lease for two-thirds of the commercial office space. Undertaken by an entity associated with and managed by APGF's current senior executives and directors, William Jolly Place was sold in June 2000 with a total investment value of $15 million.