What do Brisbane and New York have in common?

The big cities of the world are known for their iconic buildings; the unique collection of architecture that makes each city’s skyline distinctive; evoking awe and admiration from tourists and locals alike. From Burj Khalifa in Dubai, to Jin Mao Tower in Shanghai, the modern cities of the world continue to reshape and redefine their identity through their tallest architectural structures. But the city that pioneered this tradition is, of course, New York City, and the structure which first cemented the city’s status as a design mecca was the Flatiron Building, built at the turn of the 20th century.

investment property brisbane

The stunning ‘FV’ development comprises 3 towers: Flatiron, Valley House and No. 1

Taking its inspiration from this landmark New York building is ‘FV’ in Brisbane’s Fortitude Valley: an ambitious residential and retail project from luxury property developer, Gurner. Changing Brisbane’s skyline forever, and playing a pivotal role in the transformation of inner city Brisbane, the first two towers of FV (Flatiron and Valley House) have now been unveiled, with founder, Tim Gurner, promising the project is “even better” than he had first envisioned – and it’s hard to disagree.

$8 million upgrades at no extra cost to investors of this Brisbane property

Designed by Elenberg Fraser, FV has been delivered with an emphasis on opulent and impeccable detail, finishes and facilities throughout. Tim Gurner also revealed that an additional $8 million-plus had been spent to further upgrade the already luxurious apartments, lobby and resident amenity areas to ensure the development would be “something Brisbane can be proud of for many years to come.”

“Everything about this project, from the incredible lobbies, the FV Private Club over 2,500 sqm and 5-star resort-style service, through to the luxuriously appointed interiors and striking façade, has been designed to raise the bar for luxury residential living in Australia,” he said.

“I am definitely a perfectionist so we spent many millions of dollars throughout the construction process to deliver even more value into the design by adding more luxury upgrades to ensure this project is nothing short of breathtaking. We are incredibly proud of the result and can’t wait to see what residents think when they begin moving in next month.”

The lavishly designed FV Private Club cost over $20 million and includes 4 pools – one of which stretches right around the nose of Flatiron – a moonlight cinema, 3 VIP spa and dining areas, a commercial-grade gym, yoga studio and more.

New York, London, Tokyo, Dubai, Shanghai and now, Brisbane…

“These are world-leading buildings, that are changing the face of Brisbane as well as raising the bar considerably in what apartment living can offer,” said Ironfish National Apartments Manager, William Mitchell.

investment property brisbane

The stunning wrap-around roof-top infinity pool at FV, Fortitude Valley

“There is an immediate ‘wow factor’ as you walk through these spaces; the attention to detail, the luxury appointments throughout and the substantial upgrades in finishes and materials – all at no extra cost to buyers. This is an exciting development; a true landmark project for Brisbane.”

Bringing the Peppers brand to Brisbane

FV will be operated as FV Peppers Residences, a long-term apartment leasing and management facility that will offer tenants resort-style amenity and services.

Mantra Group CEO Bob East told Brisbane Development the opening of FV Peppers Residences heralds the arrival of the Peppers brand in Brisbane and will be Mantra Group’s largest property in Australia.

investment property brisbane

FV features a commercial grade gym

“FV Peppers Residences will offer its residents luxury living spaces, facilities and services akin to an exclusive luxury resort,” said Mr East.

“Our property management team is already receiving an unprecedented level of enquiry for long-term letting at this property. It really is no wonder given the property’s sought-after vibrant inner-city Fortitude Valley location and that residents will be able to enjoy an unparalleled lifestyle within the building.”

The settlements process

Mr Gurner told The Australian that they had “tracked their ­settlements to the millimetre” and only 23 buyers had requested extensions due to changes in ­circumstances.

He said that a handful of resales had already taken place in the completed towers at a 10% to 15% premium to their off-the-plan price in 2014, citing one two-bedroom, two-bathroom river-facing unit that originally sold for $630,000 and recently on-sold to a local Brisbane buyer for $715,000, and a one-bedroom unit bought originally for $475,000 and since sold for $530,000.

investment property brisbane

Floor to ceiling windows provide expansive city and bridge views inside this level 9 apartment in the Flatiron building

The project’s third and final tower, ‘No.1’, is also under construction and is likely to reach completion by mid-2019.

If you are like many investors, considering where you should buy property in Brisbane in 2018, please contact your local strategist for valuable data and insights.

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