Thu, 9 February 2017

Mantra Secures Management Rights of Gurner’s A$600m FV Project in Brisbane, Australia

Gurner, a luxury property developer in Australia, has sold the building management rights to its landmark $600m ‘FV’ project in Brisbane to Mantra Group’s ‘Peppers’ brand.

The management rights span 970 apartments across the project’s three towers, as well as portions of the 4,000sqm of commercial space and leisure facilities comprising proposed multiple food and beverage premises, conference and business facilities, concierge, housekeeping and maintenance areas, numerous pools, private spa areas, a gymnasium, private dining and moonlight cinema areas, along with the expansive hotel-style rooftop amenity atop the third and final building, No1.

Under the terms of the deal, the managed apartments and associated facilities will be known as ‘FV by Peppers’.

Gurner founder and director, Tim Gurner said the deal had completed the developer’s vision to create a world-class mixed-use 5-star precinct in the heart of one of Brisbane’s most vibrant inner city locations.

What an amazing urban swimming pool area! FV Brisbane

“From the outset FV has been an incredibly important legacy project both for the business and me personally so we wanted to ensure that our clients and residents would be serviced by the best in the business after the project has reached completion, so that in 10 and 20 years time it is still a place we are all incredibly proud of,” said Mr. Gurner. “Mantra Group in my view is the only large group in Australia with the breadth of services and resources to be able to run such a large long-term rental business and provide great flexibility for owners.”

Mantra Group Chief Executive Officer, Bob East said the acquisition would herald the arrival of the Peppers brand in Brisbane and represents a continuation of the group’s strategic direction to grow the permanent rentals arm of the brand.

“This acquisition is in line with Mantra Group’s strategy to selectively grow its permanent rental business in favourable locations, following the successful acquisition of Mantra Residences @ Southport Central last year,” Mr. East said. “FV presents us with an excellent opportunity to secure a presence of scale and quality in a prominent location and grow our permanent rental business, with potential short-term accommodation opportunities also foreseeable ... Once open, FV by Peppers will be Mantra Group’s largest property in Australia and our second largest globally - superseded only by the 1,176-room Ala Moana Hotel in Honolulu Hawaii.”

Construction of the project’s first two stages, ‘Flatiron’ and ‘Valley House’ is currently underway, with these stages slated to reach completion in the third quarter of 2017. Construction of the third tower commenced in January 2017 and is anticipated to reach completion in 2019.

‘FV by Peppers’ is expected to launch later this year in line with the first stage of construction completion.

See other recent news regarding: Peppers, Mantra, Brisbane, Australia.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Copyright © 1997-2017