As we covered here, the Club will lease 1.9% of its 128-hectare site, 7km west of the Brisbane CBD, to the boutique village operator for 60 years, with a 60-year option to build the village which would feature 215 units across four buildings four to five storeys high.
The project – which was endorsed by 96% of the Club’s members and will see a minor re-routing of the existing course – will now move forward will 99 units planned for the first stage and 116 units to be built in the second.
Aura, which is 100% owned by founders Tim Russell and Mark Taylor after the pair acquired BlueSky Alternative Investments’ stake in their portfolio last August, is currently building three villages with its partner Singaporean investment group SC Capital Partners Group – another four are due to start construction this year, Tim tells us.
The approval for the Indooroopilly development follows last year’s backflip by Brisbane City Council on its policy of encouraging village and aged care projects on sport and recreation land – which the project fell outside of according to Aura.
“Developments like this ensure residents are close to the services they need and the lifestyle and leisure opportunities they want,’” City Planning Chair Councillor Matthew Bourke said.
Another win for Aura then.