THE PROPERTY DEVELOPMENT REVIEW
for Kokoda Property, given the premium status of the Kimpton brand and the high-end allure of Teneriffe, with its higher property prices and reputation for luxury living. The Skyring Terrace project represents the last riverside development in the neighbourhood, regenerating the neighbourhood and reconnecting the Teneriffe community back to the Brisbane river. Kokoda Property Founder and Managing Director, Mark Stevens said the partnership marks a significant milestone for the company. “The Kimpton brand was the ideal choice for and will be the centrepiece of, our striking Teneriffe development. The brand’s lifestyle-centric positioning, design and playful guest experiences will fit perfectly into this exciting and unique pocket of Brisbane. “We’re excited to play a part in the transformation of the historic suburb of Teneriffe from its industrial origins into one of the trendiest suburbs of Brisbane. It’s a popular year-round hub for fitness and is set to get even better with Skyring Terrace to connect Brisbane’s famed riverwalk between Teneriffe and New Farm and become the cultural heartbeat of the lively area.” Pioneering a new era of property in Queensland, Kokoda Property has five projects completed, under construction or in development, each project with design excellence, community and quality of lifestyle at its core. The highly anticipated hotel partnership will see the Kokoda Property further secure its foothold in the Brisbane market with the support of a global brand like IHG. Cameron Burke, IHG Director of Development, Australasia & Pacific said the hotel brand was excited to deliver the unprecedented hospitality offering to the river city, alongside the Kokoda team. “Kimpton has an ardent global following amongst the lifestyle-led and socially inclined, which will resonate strongly as part of the Skyring Terrace precinct and within Brisbane’s luxury hotel market. We’re thrilled to be partnering with Kokoda Property in pursuit of our common vision to elevate the hospitality space in South-East Queensland.” Construction is forecast to commence in 2025, with completion scheduled for 2028.
May / June 2024 – 87
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