Prices surge as Urban Construct snap up Gabba site

15/09/2014 12:57 am

Woolloongabba

Brisbane's surging property market has drawn in more developers with a 1.5ha site that can accommodate six apartment towers near The Gabba selling for $36 million.

Brisbane-based Urban Construct is understood to have purchased the two-lot site from AP Eagers. The property in Woolloongabba, in Brisbane’s inner south, is the latest in a string of site sales as buyers flock to the relatively undervalued market.