Busy Brisbane fund manager IJ Capital has taken over the former Aviary Toowong development site in Brisbane’s inner west, and plans to join forces with a neighbouring landlord to create a $2 billion retail, office and apartment development.
IJ Capital, led by Scott Lai, bought the 9000 square-metre development site, on the corner of Sherwood Road and High Street, from a syndicate run by RW Capital and State Development Corporation for $53 million.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
