Banyan Tree Group Expands Into Australia With $150-million Venture
The view at dusk.
The Banyan Tree Group (BTG) recently announced plans for its first branded residences in Australia. The AUD150-million project and its 76 luxury freehold private residences will set a new precedent for the Brisbane property market.
Initial interest from buyers has been strong, thanks to the 2200-square-metre Kangaroo Point site’s views of the CBD, river and botanic gardens – in addition to its convenient location, proximity to amenities and the strong reputation of the Banyan Tree brand.
Taking its cues from the iconic location, the landmark building will feature a striking exterior, with three undulating wave structures. Each Banyan Tree Residence property is unique in its design, with the vision for Banyan Tree Residences Brisbane the result of a collaboration by the group’s in-house design team and Woods Bagot, an international design practice with offices in Australia.
Commenting on the development, Executive Chairman Ho Kwon Ping said, “The city was a natural choice given its 2.2 million residents and $135-billion-dollar economy. As the leader in the country’s infrastructure boom, there are strong growth projections for Brisbane as it continues to transform and evolve. Construction is slated to commence in the second half of 2016, with completion expected in late 2018. We are looking forward to bringing the Banyan Tree brand of international luxury lifestyle to our Brisbane development.”
Unit interiors at the new Residence.
Banyan Tree Residences Brisbane will include 76 freehold private residences over 10 levels: four penthouses (three with rooftop infinity pool and private garden terrace), 27 three-bedroom apartments and 45 two-bedroom apartments.
Owners will enjoy a secure lobby with 24-hour Banyan Tree concierge service, onsite Banyan Tree Spa and retail Gallery, premium dining venues and an exclusive rooftop garden with private function space, barbeque facilities, daybeds and an expansive infinity pool. The property will also feature additional private function spaces, gymnasium, and a secure underground car park. Residents will also enjoy proximity to some of the city’s best dining and cultural precincts, as well as schools, universities, hospitals and transportation.
A view of the lobby.
Banyan Tree Residences Brisbane owners will receive access to the range of premium Banyan Tree services such as membership to the Banyan Tree Sanctuary Club, which entitles them to exclusive discounts and privileges through the group’s global network of resorts and spas and access to the Banyan Tree Private Collection, an exclusive destination club with a portfolio of villas in stunning locations like Tuscany and Provence.
