China Backs Newground Property in Brisbane

Newground Property has strengthened their international relationships with a recent trip to Shanghai and Hong Kong yielding very strong interest in the firm’s Brisbane based projects.

“There was definitely a sense that Brisbane is on the radar now in light of Sydney’s strong price growth” says Newground’s director Daniel Erez. “Investors are searching for value and yield and both of these can be found in Brisbane right now”

Thefirm came back with a combination of site acquisition, equity funding and project sales mandates.

Locally, Newground is experiencing a steady number of transactions across all projects and is currently evaluating several inner city development sites for its hungry investor base.

“We are confident that the current appetite for the risk adjusted returns on development funding will remain,” he said.

ABOUT NEWGROUND PROPERTY GROUP 

Based in the financial centre of Brisbane Australia, Newground Property is a boutique residential development advisory firm. Founded in 2009, the team at Newground have over 45 years combined industry experience and have amassed an impressive track record of achieving profitable outcomes for their developer and investor clients. Currently averaging in excess of 300 sales per annum with over 350 agents in their network both in Australian and internationally, Newground Property have sold upwards of $400 million in residential development projects to date.

Due to the growth and activity in Brisbane market, Newground Property’s development advisory capability has evolved into the development of boutique residential projects in premium inner city locations in partnership with its top developer clients. In 2013 Newground Property was awarded a place in the Business Review Weekly’s Fast 100. The BRW Fast 100 is a list compiled annually of Australia’s 100 fastest growing businesses.