$285 million worth of apartments snapped up at Teneriffe Banks
Kokoda Property Group's Teneriffe Banks development has secured $285 million in sales before its full launch to the market.
Over half of the residences have already been sold since The Interloom and The Skyform buildings, two of five buildings as part of the $1.5 billion mixed-use development, were revealed.
The Ferry Building and The Store Houses will home more apartments, and the other building will be dedicated to Brisbane's first 5-star Kimpton Hotel.
Teneriffe Banks, designed by Studio McCue, Cottee Parker Architects and Carr, will comprise over 200 residences ranging from luxury apartments to modern penthouse residences and grand, wool store-inspired lofts.
Kokoda Property Group, Founder and Managing Director, Mark Stevens, said the team is proud to set a new benchmark in Brisbane.
"The sales and level of interest in such a short period reinforces our belief that Teneriffe is ready for a development of this scale and sophistication, and speaks to the city’s growing demand for luxury and innovation in urban living.
“We are excited to bring our collective vision to life, creating a global destination for people to live, work, play and rejuvenate."
Located on the Brisbane River, The Interloom building connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8-metre ceilings and panoramic views.
Perched above the soon-to-be-released Store House Lofts, The Skyform features more spacious apartments that offer up to 334 sqm of luxury living with four-metre ceilings and panoramic views of the Brisbane River and city skyline.
Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland.
To meet demand, the remaining collections are set to hit the market soon, with The Ferry Building to be released next week.
The Ferry Building, a smaller-scale building to Ferry and Skyform, merges Teneriffe’s historic woolstores with contemporary apartment design.
Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering large terraces to entertain from.
