Asset group Dexus is appealing the Brisbane council's approval of a 15-storey precinct with apartments and shops in order to protect its own profits, a major developer claims.
A Brisbane developer claims a Sydney landlord is attempting to block its development to stifle competition.The Queensland Planning and Environment Court will hear an appeal over the council's decision to approve the project.
The 15-storey project, dubbed Newstead Green, includes plans for eight towards, 800 apartments, shops, a Coles, offices, and a "green spine" of public walking paths.The proposal was approved by Brisbane City Council, but Dexus is attempting to overturn that decision, citing harms to the neighbourhood character and worsening traffic.
A Dexus spokesperson told ABC Radio Brisbane the Newstead Green plan would harm the amenity of the neighbourhood. The proposed development failed to meet council's planning scheme requirements as laid out in its City Plan 2014. "It is acknowledged the proposed development does not align with the current City Plan 2014 requirements applying to the site including land uses and built form outcomes," the report reads.
Dexus Newstead 99 Breakfast Creek Road Brisbane City Council Apartments Housing Competition Development Planning And Environment Court Landlord City Plan 2014
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