Stockwell Acquires Brisbane’s Paul’s Milk Factory
Artist’s impression of the River Walk of Champions
Queensland private property company Stockwell has acquired Brisbane’s riverfront Paul’s Milk Factory sites from Lactalis. In January this year Lactalis announced it would be closing its South Brisbane milk factory.
The riverfront property adds to Stockwell’s prior acquisition of 108 Montague Road from Lactalis last year.
Stockwell will now unlock over 5 hectares of land on the Kurilpa peninsula. Kurilpa is at the centre of everything and links our city. With seven existing bridges and three train stations in walking distance, it connects with the CBD, Suncorp and Olympic stadiums and Queen’s Wharf. It brings together West End and South Brisbane with established cultural, recreational, commercial, and residential precincts. A compelling opportunity for mixed-use development exists, extending South Bank and the Cultural Precinct as key drivers for the city.
Artist’s impression of Stockwell Square
“This is a one in 100 year opportunity as the Milk Factory started its life in 1930. Brisbane is developing as a world class city and is about to become a world known city. In 2032, Brisbane will become the centre of the world as the host of the 2032 Olympics. We will take our place amongst the truly great cities of the world and Stockwell will be a key delivery partner for Brisbane in this process.
“Our first investment in West End was in 1997. Since that time, I have always looked at the Paul’s Milk Factory sites as the prize development site of Brisbane,” said Mark Stockwell, Stockwell Managing Director.
“Our ambition is to set up Brisbane for the next 100 years. To continue being what we are known for – our people, our climate and our lifestyle - but taking it to the next level. We want to build on the area’s strong foundations in culture and history.
“The milk factory sites unlock the core of Kurilpa, transforming once-industrial riverfront land into a new destination. It reclaims and celebrates the river’s edge, delivering lasting public realm for the city with plans for a river stage and community spaces that will play a defining role in the 2032 Olympics.
“The Brisbane Beer Mile will reclaim spaces under the rail line by featuring a trail of bars, taprooms and entertainment. It will extend from the Convention Centre through Fish Lane to be a continuous, activated corridor that connects into Suncorp via the Go Between Bridge, creating a go-to destination alongside Caxton Street.
Artist’s impression of The Brisbane Beer Mile
“Art, performance, entertainment and nightlife supported by places to live, shop, work and recreate which we will deliver, will drive the economic model.”
These sites form part of the Kurilpa Provisional Priority Development Area (PPDA) announced by the State Government in late May.
A Development Application has been lodged for the first stage at 108 Montague Road which is designed for owner occupiers. This will soon be followed by the second stage, a build-to-rent building including studios, one and two bedroom apartments. The third stage will be a 400 room hotel.
To read the full article from The Courier Mail. click here.