Lend Lease’s The Yards On King Street Sets Brisbane Sales Record

Brisbane’s latest off-the-plan apartments launch, Lend Lease’s The Yards on Brisbane Showgrounds’ newly-announced King Street, has set a local record selling 160 apartments in four hours.

The Yards has 401 residences across 16 and 18 level towers, and 11 terraces. The first release was the 208 apartment tower, North Yard. Designed by award-winning architects, Hayball, The Yards features state-of-the-art kitchens, and floor-plans that maximize breezes, views and natural light and a 2,500 square metre podium retreat with over 20 wellness and entertainment hubs.

Lend Lease Brisbane Showgrounds Project Director, Andrew Hay said the record sales achieved were a testament to how different The Yards is in quality design, amenity, and value for money.

“We believe buyers are attracted to the newly-launched King Street, our food-focused high street, the strength of the Lend Lease brand and the unique amenity provided on The Yards’ podium retreat,” Mr Hay said.

Sales were launched concurrently in Brisbane and Sydney on the day, with 87 per cent of byers from onshore.

“We’re especially pleased considering the current competitiveness in the Brisbane market.”

“As a result of the weekend’s success we’ll bring forward the second release of the project – South Yard – by three months.”

“The most popular configurations were one bedroom plus study, and large corner two bedroom and two bathroom apartments.”

Prices ranged between $375,000 for a one bedroom apartment to $702,500 for a two bedroom and two bathroom apartment.

The Yards is expected to commence construction mid-2015. The first residential apartments at the showgrounds, The Green, are sold out and currently under construction to be completed by mid-2015.

Airport Industry Leaders To Meet On The Gold Coast In November 2014

The Asia Pacific region’s pre‐eminent airports and aviation industry conference and exhibition will be held on the Gold Coast between 23 and 27 November 2014.

More than 600 delegates are expected to attend the four‐day Australian Airports Association (AAA) National Conference which will feature more than 90 speakers and 40 industry exhibitors at the Gold Coast Convention and Exhibition Centre.

The conference program released this week includes a range of speakers drawn from senior leadership roles across industry and government, covering all aspects of airport operations and management ranging from the technical aspects of maintaining runway pavements and wildlife
hazard reduction, through to the future of aviation security and the latest international trends in airport design and passenger experience.

The conference will include presentations on the latest developments at Australia’s major international and regional airports.

A highlight of the conference is the AAA National Airport Industry Awards which acknowledge those organisations and individuals achieving excellence within Australia’s airport industry. The awards are made in a variety of categories, from small rural aerodromes through to capital city airports. There is recognition for individual excellence, corporate projects and airport safety. Nominations for the awards are now open.

Caroline Wilkie, CEO of the AAA, said the national conference is a valuable opportunity for people working in aviation and airports to stay abreast of the latest trends and opportunities in the industry.

‘The conference attracts participants from airports and related businesses across Australia, and highlights the importance of our airports as vital national infrastructure that help to keep Australians connected with each other and the rest of the world through aviation,’ Ms Wilkie said.

More information on the AAA National Conference and the National Airport Industry Awards is available from the Australian Airports Association website at www.airports.asn.au

Sydney’s New Train Unveiled As $3.7 Billion North West Rail Link Operations Contract Signed

NSW Premier Mike Baird and Minister for Transport Gladys Berejiklian today announced Sydney’s brand new rapid transit trains will run every four minutes during the peak on the North West Rail Link as part of a $3.7 billion contract just signed by the NSW Government.

Mr Baird said the North West Rail Link will take customer service and safety to a whole new level – bringing a world-class rapid transit rail service to Australia for the first time.

“Services on the North West Rail Link will start in the first half of 2019 with 15 trains an hour during the peak and 98 per cent on-time running – a much higher level of customer service than we first expected and an outstanding outcome for customers,” Mr Baird said.

“The NSW Government promised 12 trains an hour but we’ll be able to start with 15 trains an hour in the peak – with significant room to grow as the North West’s population increases over coming decades.”

The North West Rail Link will be Australia’s first fully-automated rapid transit rail network, delivering eight new railway stations, 4,000 commuter car parking spaces and five existing railway stations upgraded to rapid transit status.

The Public Private Partnership is the largest ever awarded in NSW and will see the Northwest Rapid Transit consortium deliver the North West Rail Link by the first half of 2019 and operate it for 15 years.

Ms Berejiklian said the contract just signed means Sydney’s new trains will be built by international train supplier Alstom who make rapid transit trains operating around the world in cities like Singapore, Hong Kong, Milan and Amsterdam.

“This project will transform and modernise public transport in Sydney forever. With tunnelling now underway and a contract signed to operate the rail network – the NSW Government is well and truly delivering,” she said.

“The country’s first new fully-automated rapid transit trains are being designed to meet the needs of Sydney.

“Our customers tell us that frequency of services is one of the most important factors when travelling on public transport – on the North West Rail Link, you won’t need a timetable, you’ll just turn up and go.

Record $1bn Package To Help NSW Councils Become Fit For The Future

NSW Premier Mike Baird and Minister for Local Government Paul Toole announced record funding of up to $1 billion to ensure NSW has strong, modern councils to deliver the housing, jobs and local infrastructure people need.

“The Fit for the Future package is the most significant investment the State has ever made in the local government sector,” Mr Baird said.

“We are committed to Rebuilding NSW and to achieve this we need a strong local government sector.

“However this is not possible when more than one-third of the State’s councils are facing financial problems – losing more than $1 million a day.

“This package puts ratepayers first, so councils deliver better roads, footpaths and sporting fields.

“This is about councils working for the communities they represent and putting downward pressure on the rates you pay.

“The NSW Government wants communities to have confidence that their council is financially sound, operating efficiently and in a strong position to guide community growth and deliver quality services.

“This is a historic package that gives local councils the incentives needed to ensure they are in a position to provide the services and infrastructure their communities need and deserve.”

The Fit for the Future package includes:

– $258 million to assist councils who decide to merge and make the changes needed to provide better services to communities ($153m for Sydney councils and $105m for regional councils);
– Cheaper finance for councils to build and maintain the facilities that communities need, saving them up to $600 million;
– Up to $100 million savings through reductions in red tape and duplication;
– Improvements to the local government system, including the laws that govern it, the way the State works with councils and the support that councils receive.

Mr Toole said this record $1 billion reform package will provide support and incentives to help each council become Fit for the Future.

“The NSW Government takes this reform program very seriously. It recognises that without significant financial and other incentives and support, change-resistant councils may be hesitant to take up the reforms proposed by the Independent Local Government Review Panel,” Mr Toole said.

“This generous package of incentives and support assists local councils to remove the obstacles that may have prevented reform and innovation in the past.

“It also puts in place a lasting legacy to ensure Fit for the Future councils continue to reap the benefits of this reform program.

“Our State cannot continue to be constrained by local government boundaries that were set more than 100 years ago.

“That’s why we have created the $1 billion Fit for the Future package – to help councils take the next steps towards change.

“We are supporting councils that wish to voluntarily merge by providing financial incentives and other support to assist the process.

“We are also providing councils with cheaper finance to build and maintain the facilities that communities need such as roads, bridges, pools and sporting fields – saving them up to $600 million.”

The Fit for the Future package is based on the Independent Local Government Review Panel’s recommendations following three years of research and consultation.

Councils will have until 30 June 2015 to submit their proposal on how they plan to be Fit for the Future. It will be assessed by independent experts against independently-established criteria.

More information on the reform package can be found at: www.fitforthefuture.nsw.gov.au