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Get in on the Ground Level

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The Courier Mail

Brisbane is one of the fastest-growing cities in Australia, with areas such as Newstead, Milton, Albion and Rochedale set to become centres of significent development including new residential, retail, commercial, employment, recreation and community facilities, according to Gary Kordic, FKP executive general manager of developments Queensland. 

What were your 2012 achievements? 

FKP is one of Brisbane's most active developers with construction powering ahead on the second and third stages of our $1.1billion Gasworks development at Newstead. This landmark development, which is part of the Newstead Riverpark, is the largest urban-renewal precinct under way in Brisbane. 

The Milton apartment tower development passed the $100m sales milestone in recent months, with construction to start early this year. 

The Hudson at Albion Mill also saw great sales success, achieving $25m in sales in 2012. The Hudson is the first stage of the $330m masterplanned development spanning two elevated sites, including the historic flour mill. 

On completion, it will house about 400 apartments and 5000sq m of retail and commercial space. 

Construction of our $365m master-planned community, The Rochedale Estates, is also well under way, including the launch of Display World, Queensland's largest residential display village. 

What challenges do you face in 2013? 

The key for FKP in 2013 will be delivery. This year will see the opening of Gasometer 1, the retail hub at the Gasworks precinct, with Gasometer 2 - headquarters for the Bank of Queensland (BOQ) - now well under way. 

Construction is also set to commence on our $210m mixed-use development The Milton. 

What advice would you offer to potential buyers? 

Get in at the ground level of urban renewal. Brisbane is one of the fastest-growing cities in Australia, with areas such as Newstead, Milton, Albion and Rochedale set to become the centres of significent development including new residential, retail, commercial, employment, recreation and community facilities. Savvy buyers will see the value in getting in at the absolute start of a precinct's rejuvenation. 

Location is paramount.

Why should buyers consider your developments? 

We are committed to delivering optimum outcomes for purchasers and ensuring all of our projects offer high quality architecture in growth areas and are within close proximity of lifestyle amenities and public transport. 

What can state and federal governments do to stimulate the Queensland housing economy? 

Stamp-duty concessions on property sales need to be reinstated in Queensland, or at least made uniform across the country, if we are going to remain competitive.