Green light for Brisbane's $120m Illumina tower

Queensland developer Property Solutions is poised to light up Toowong’s skyline with its Illumina tower after the $120 million project secured development approval in late March.The 221-apartment tower will rise in the heart of Toowong just 100m from Toowong Village in a joint-venture between Property Solutions and China-based Chiwayland International.Property Solutions joint managing director Kevin Miller said Illumina had attracted strong sales inquiry since its unveiling in September.“The volume of interest we’ve fielded so far demonstrates there is a high level of demand for quality apartments in Brisbane’s inner north-west,” he said.“We are keen to deliver a project that meets the expectations and needs of prospective buyers in this market.“Illumina’s proximity to Toowong Village, Brisbane River and its CityCat network, the University of Queensland, Toowong train station and the CBD will appeal to both discerning end-users and investors capitalising on the rapid growth of Brisbane’s inner city apartment market.”The 20-level tower will rise on a 2077sqm site on the corner of Lissner and Jephson streets and will include a range of one, two and three-bedroom apartments.Set for completion in 2017, Illumina will have basement and podium car parking and feature sweeping views of the city and river from level five.Illumina is the first international project for Shanghai-based Chiwayland which is embarking on the 50-50 venture with Property Solutions after listing on the Singapore Stock Exchange in August 2014.Mr Miller said Property Solutions was keen to continue its decade-long track record of urban renewal projects in Brisbane, including the $270 million Circa Nundah Village which is currently underway.Mr Miller said Property Solutions had plans to jointly deliver further projects with Chiwayland, including two future stages within Circa Nundah Village.Chiwayland International is the property division of conglomerate Chiway Holding Group and is involved in residential and commercial development throughout China, including affordable housing, office buildings and education hubs.Property Solutions, which has been established in Brisbane for two decades, is a market leader in urban renewal projects across Southeast Queensland and has a workbook of more than 150 completed projects.The group is responsible for a number of Brisbane’s major mixed-use development projects, including the acclaimed Centro on James Street project - regarded as one of Brisbane’s most successful urban renewal projects - the $350 million SW1 development in South Brisbane and more recently The Barracks, a $150 million mixed use and entertainment precinct in Paddington.