Mirvac First Past The Post For Racing Precinct Redevelopment

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    Mirvac has been selected as Brisbane Racing Club’s preferred partner for the development of its Eagle Farm Residential Precinct. Mirvac was chosen from a shortlist of three contenders to partner with the Club on this quality project.

    The Eagle Farm Residential Precinct will be built alongside the Eagle Farm Racecourse and as one of Brisbane’s most exciting lifestyle developments to date, the tender attracted attention from local, interstate and offshore developers. The 10-year project forms part of the Eagle Farm Master Plan and will see the delivery of over 1,000 trackside apartments alongside an exciting food and beverage, and retail destination.   

    Located in the blue-chip suburb of Ascot, just six kilometres from the Brisbane CBD, the 54,000 square metre site offers a premium, large-scale development opportunity in a thriving part of the city’s north east.  A range of retail, commercial, hospitality and entertainment facilities are planned for the adjacent land. 

    Mirvac’s Group Executive Residential, John Carfi, said the business was thrilled to have been selected as the Brisbane Racing Club’s development partner at such an iconic Brisbane location. 

    “This location provides Mirvac with an excellent opportunity to deliver quality residential apartments in the heart of Brisbane’s popular racing precinct,” he said.

    “Mirvac will draw on its expertise and strong track record of delivering major residential and mixed use developments and we look forward to working closely with the Brisbane Racing Club on the next phase of this exciting project."

    BRC’s Chairman Neville Bell said Mirvac had been chosen after a vigorous selection process based on its experience in large-scale, mixed use development projects.

    “The redevelopment of the Eagle Farm Racing Precinct is an exciting step for us as part of our 10-year Master Plan,” he said.

    “Mirvac’s extensive experience in similar projects aligns with our objectives for the future of the club. 

    “We are delighted to have a developer of Mirvac’s calibre on board as we work through this significant redevelopment."

    The announcement for Mirvac follows successful sales results at its Waterfront, Newstead development which has delivered more than $150 million in sales.