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16 March 2005
New Reedy Creek rail link welcomed as Delfin Lend Lease commits to continued commercial and residential development at Varsity Lakes
The State Government’s announcement of a $123 million Gold Coast rail plan has been welcomed by Australia’s leading masterplanned community developer, Delfin Lend Lease, as it commits to supporting the fast-growing Varsity Lakes community.
Varsity Lakes is a $1billion masterplanned community that, while only half way to completion, has attracted more than 4,000 new residents and almost 2,000 employees in over 100 businesses since the project first commenced in 1999.
Varsity Lakes Project Manager Carl Bruhn said the State Government’s announcement to inject more than $120 million in infrastructure to the Gold Coast region recognised the growth of the region and the need for upgraded transport solutions and connectivity between the Gold Coast and Brisbane as the region expands.
“The greater Gold Coast region is one of Queensland’s fastest growing corridors with more than 600,000 people expected to call the region home by 2010,” Mr Bruhn said.
“Since it began in late 1999 Varsity Lakes has proceeded to grow as an outstanding model of an integrated urban economic community, attracting residents and businesses seeking a smarter, more convenient lifestyle for today’s digital age.
“At Varsity Lakes we have successfully developed a range of land and housing options to suit a broad spectrum of lifestyles. We have planned all developments to complement the existing natural environment and infrastructure, ensuring our community is a place people want to live, learn, work and play.
“This is a favourable announcement for our future residents currently purchasing land in our latest land releases within Varsity Sound. Varsity Sound will be within walking distance to the new rail link providing excellent transport solutions that will save travel time,” Mr Bruhn said.
In the heart of the Varsity Lakes residential community is the rapidly growing business and innovation precinct, Varsity Central, which also has been under development since 1999. Starting in the early days as an ICT precinct with the likes of Dascom, AAPT and Compaq as tenants, Varsity Central now boasts over 100 businesses from a range of sectors.
“In the last few months there has been a string of announcement of new development within the rapidly growing Varsity Central district,” said Mr Bruhn.
“These included the completion of Market Square, a $20 million mixed use development, the $11 million commercial and retail Central 240 building to be developed by Delfin Lend Lease, the launch of the multi million dollar SILVER @ The Exchange under development by the BRB Group, the commencement of the new Bond University Medical School adjacent to Varsity Central and the completion of development of the new head office of national law firm, Minter Ellison.
“The recent announcements cemented Varsity Central’s progression from a traditional information and communication technology (ICT) precinct to a sought-after location from which to conduct a range of business activities.
Development of Varsity Lakes commenced in 1999 and upon completion in 2010 it will comprise 3,000 dwellings over 343 hectares and up to 150,000m2 of commercial space. It will become home to 7,800 residents and 4,500 employees. The community includes over 56 hectares of open space.
Varsity Lakes adjoins Bond University and is bounded by the 80-hectare Lake Orr and the 18-hole Championship Golf Course Robina Woods. It is located just two minutes from Robina Town Centre, five minutes from North Burleigh Beach and ten minutes from Pacific Fair.
Varsity Lakes is being developed by Delfin Lend Lease, Australia’s largest developer of master-planned communities with 20 projects across the country.media
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