Interest growing in property surrounding Townsville’s CBD stadium site

first_imgConcept designs for Townsville’s long-awaited North Queensland stadium. Designed by 9Point9 and Cox Architecture. Picture: SuppliedINTEREST is growing in property surrounding Townsville’s $250 million CBD stadium site, with the project set to spark a surge in development. It comes after $10 million residential and commercial development Vantage on Palmer was approved on the back of renewed confidence in the city. Townsville developer and North Queensland Cowboys chairman Laurence Lancini said astute investors would be looking at opportunities in connection with the stadium. An artist’s impression of stage one of Vantage on Palmer, a $10 million residential and commercial development by local developer PDS QLD.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“You will see an uplift of valuation of properties and you then start to get associated amenities develop around the entertainment centre like food and beverage and hotels,” he said. “You will start to see a revitalisation around the area and people will start spending money on houses.“In five years’ time we are going to look back and say this stadium and everything around it is the best thing that has ever happened to this city.”It is hoped early work at the stadium site will start this year.James Cook University is already planning to partner with the Cowboys to move their sports exercise program alongside the stadium. The world-class facility would also likely include a commercial element made up of private sport and health-related operators.Colliers International Townsville managing director Peter Wheeler said there were several parties interested in development opportunities the stadium will bring. “We are dealing with people with a keen interest in the CBD or fringes since the stadium was announced and a number of properties have changed hands or been contracted during that period,” Mr Wheeler said.“I think we’ll see a lift in interest when construction does start on the stadium.”Townsville Chamber of Commerce president Troy Popham said he was “nervously optimistic” about the opportunities offered by the stadium.“I’ve heard some major accommodation brands have looked at the opportunity but for that to come (the stadium) really needs to be an integrated project,” he said.“I think this is the calm before the storm and once you see movement and action that will drive business confidence.”last_img read more

Penguin wave energy converter marks 150-day milestone

first_imgWello Oy has informed that Penguin wave energy converter (WEC) has now been operational 150 days since its deployment from the beginning of March.The 1MW Penguin WEC was installed at the European Marine Energy Centre’s (EMEC’s) grid-connected wave test site at Billia Croo by Orkney-based Green Marine.This is the first of three wave energy converters due to be installed at EMEC over the next three years as part of the CEFOW (Clean Energy from Ocean Waves) project, funded by the European Union’s Horizon 2020 research and innovation program.Wello’s Penguin device uses its asymmetric shape to convert the waves to electricity with continuous rotational movement.In a floating element, motion energy is directly captured by a generator, resulting in conversion from movement to electricity without hydraulics, joints or gears.Tidal Energy Today Stafflast_img read more