Commercial Property Contracts
In the five years from 2002 until 2007, 160 000 residents moved to Queensland from southern States. This sustained population growth has brought increased development and business growth throughout the State. It is estimated that the south-east Queensland region alone will be home to approximately 4.3 million people by 2031.
In response to this escalating growth, the Queensland government released the South East Queensland Regional Plan 2005-2026 (SEQ Regional Plan) in June 2005 to provide for urban development and infra-structure in the south-east corner.
Despite the global credit squeeze and rising interest rates, Queensland has experienced consummate growth. Correspondingly, there has been an increase in the buying and selling of commercial properties and the development of residential and commercial real estate throughout the State.
Key issues such as water, land release and infra-structure were addressed in the 2008 Queensland State budget and at the recent COAG meeting in Sydney. As a result, millions of dollars has been allocated for water modernisation projects, increased infra-structure and to support continued commercial development and economic growth in the State. Quinn & Scattini has kept pace with Queensland¿s expansion and its resultant need for the handling of residential and commercial property contracts.
The Property Law Team has been involved in the Queensland Government's Traveston Dam project, involving acquisition of land and lease back arrangements required prior to construction.
Quinn & Scattini specialises in broad acre developments. The Quinn & Scattini Property Law Team acts for both AV Jennings and QM Properties. QM Properties is one of Queensland's largest, privately owned development companies with residential estates across south-east Queensland. Possibly the QM Group's best known development is Pacific Harbour on Bribie Island. AV Jennings is a public listed property development company active in four states including Queensland.
Land development and commercial contracts have specific requirements that need meticulous and thorough scrutiny. Not least of these is the treatment of GST as the decisions that are made on acquisition of a property or development site can have ramifications on the tax treatment on sale of the land as a whole or once subdivided. Developers and investors need a team of lawyers that offers a professional service conducted with integrity and veracity. Quinn & Scattini can be trusted in commercial matters and have a reputation across the State for professional service delivered with a personal, practical and experienced approach.
The Property Law Team can assist with all forms of commercial transaction be if for office, industrial, or retail as well as the contracts and associated documents for land development including registration of survey plans, and preparation of easements and covenants.
If you would like to find out how Quinn & Scattini can help you, please call us on 1800 999 529, or email us at mail@quinnscattini.com.au
