Developer Poly Australia has secured its first development site in Queensland, buying a corner site in Ascot, Brisbane for $35.25 million.
The 6.2-hectare site on the corner of Lamington and Mordant Streets, about 7 kilometres from the Brisbane CBD, is classified as an “Emerging Community” under the Brisbane City Plan 2014.
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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
