Funds manager sees Blue Sky in Townsville

Brisbane-based funds manager Blue Sky Private Real Estateis in the final stages of planning for a $34 million apartment project in theTownsville suburb of Belgian Gardens ahead of its launch to the market this month.The development is among two Blue Sky Private Real Estate(BSPRE) has earmarked for North Queensland, one of two regional growth areasthe manager is targeting with residential projects.Castle Point will offer apartments in a gated communityprimarily aimed at the investor and first-home buyer markets, thanks to itsunique price points.