Mirvac Secures Approval for Newstead Tower

Mirvac has won approval for another residential building at its $1 billion Newstead masterplan in central Brisbane.

The ASX-listed developer’s application to develop 143-apartments across a 25-storey residential tower was approved last week.

The project, to be built on a 5,400sq m site at 58 Skyring Terrace, follows the developer’s previous completions of 336 apartments across its Pier, Park and Unison projects.

Mirvac is currently undertaking its latest Newstead development, Shore, which will contain 333 apartments spread over two towers as well as offices and retail outlets at 60 Skyring Terrace.

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