How Brisbane man got rich off apartments

first_imgThe design was all about open plan living.The 278sq m apartment was transferred to him in 2009 with a value of $1.304m.He had marketed his last remaining apartment at $1.38m and it sold for an undisclosed sum after 71 days on the market according to CoreLogic records. That’s in line with the CBD’s median days on market of 76. RAFTER COUNTRY: HOW PROPERTY FULFILLED A CHAMPION FAMILY GET THE COURIER-MAIL’S REAL ESTATE NEWS FREE & DIRECT TO INBOX How the Pinnacle building in the Parklands development looks today. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 10:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -10:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenJune, 2018: Liz Tilley talks prestige property10:02 A file photo of Kim and David Pradella at the launch of their Pinnacle building at Parklands in 2003. The apartments were ahead of the times, favouring indoor-outdoor flow. QUEENSLAND’S RECORD-BREAKING MEGA PENTHOUSE FORMER ORIGIN STAR STILL KICKING GOALS IN 2018 The development won a multitude of accolades for the brothers including awards for urban renewal and multi level development, project over $100m and marketing excellence.David Pradella personally owned four luxury apartments across the development, with the three bedder at 6007/6 Parkland Boulevard the last one he’d held onto for about a decade. 6007/6 Parkland Boulevard, Brisbane City Qld 4000WHAT oversupply? Queensland richlister David Pradella can give a masterclass in flipping units, selling off his final apartment in The Parklands Brisbane that made he and brother Kim rich.The brothers have been involved in a multitude of developments after taking on the Pradella business from their father Cesare, who kicked off the family wealth when he began prefabricating houses 59 years ago. Looking towards the family living spaces in the L-shaped apartment.He’d also owned a 126 sqm two bedder that last sold for $700,000 in 2015, another 225 sqm one that sold for $1.6m in 2009 and a 219 sqm three bedder that also last transacted for $1.8m. The Brisbane CBD has seen a surge in new developments in recent years, which has seen the median price rise just 1.2 per cent in the past decade. FOLLOW SOPHIE FOSTER ON FACEBOOK PRADELLA RESIDENTIAL PROJECTS COMPLETED: 2015 Liberte — Kangaroo Point 2015Gardens — West End 2014 Skyview — Kelvin GroveCanvas — South Brisbane 2013 More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoUrban Edge — Kelvin Grove 2010 Flow — West End 2009 Tempo — West EndParkland — Brisbane CBD 2006 Allegro — South Brisbane 2005 Viva — Fortitude Valley 2004 Leftbank — West End 2003 Encore — ToowongRiva — IndooroopillyThe Shoals — Mackay 2001 Verandahs — Indooroopilly 2000 West End Central — West End 1999 La Foresta — Bardon 1994 Paradise Island — Gold Coast 1988 Hillcrest — South Brisbane 1986 Centrepoint — Spring Hill 1981 The Summit — Spring Hill 1969 Ridge — Spring Hill (Source: Pradella) David Pradella.The Parklands at Roma Street in the Brisbane CBD was a five building development created in 2003 that was ahead of the times, with amenities such as a 25 metre indoor heated lap pool, two outdoor pools, spas, sauna rooms, change rooms, fully equipped gyms and BBQ facilities, meeting rooms, and large entertainment spaces.last_img read more

Mourinho targets bumper £90m swoop for Napoli defender Koulibaly

first_imgJOSE MOURINHO is targeting a bumper £90million transfer swoop for Napoli defender Kalidou Koulibaly, according to reports.El Desmarque claim the Tottenham boss is desperate to shore up his defence and has already opened talks with the Serie A club over a January move.2 Jose Mourinho is poised to make a fresh attempt to sign Kalidou Koulibaly after missing out at Manchester UnitedCredit: ReutersThe Spanish outlet adds that Mourinho faces competition for the Senegalese ace from two of his former clubs in Real Madrid and Manchester United.The Portuguese boss was desperate to sign Koulibaly at Old Trafford, with Napoli president Aurelio De Laurentiis confirming that they rejected a £95m bid for the centre-back last year.Spurs kept their first clean sheet under Mourinho in the 5-0 win over Burnley, conceding two per game in the four matches before that.Both Toby Alderweireld and Jan Vertonghen are set to leave the club on free transfers in the summer and are free to agree moves with non-English clubs in January.KOUL STORYKoulibaly has emerged as one of Europe’s most highly-rated defenders since moving to Napoli in 2014, but has long been linked with a move away from Italy.Despite his public declaration of love for Carlo Ancelotti’s side, the 28-year-old may finally up sticks and leave this year following a series of off-field problems.Mutiny broke out at Napoli last month when the players ignored orders to stay at the training ground for an intense retreat – known as in ritiro – to try and turn around a poor run of form.President De Laurentiis slapped the key offenders with fines, with Koulibaly thought to be among the worst targeted after he was docked £192,000.Ultras quickly took the president’s side and terrified footballers fled their homes under fear of confrontation.LADBROKES 1-2-FREE Simply predict West Ham, Man Utd vs Everton and Arsenal vs Man City scores this coming weekend and win £100Most Read in FootballTHROUGH ITRobbie Keane reveals Claudine’s father was ’50-50′ in coronavirus battleTOP SELLERGavin Whelan has gone from League of Ireland to David Beckham’s InstagramPicturedAN EYEFULMeet Playboy model and football agent Anamaria Prodan bidding to buy her own clubExclusiveRIYAD RAIDMan City’s Riyad Mahrez has three luxury watches stolen in £500,000 raidI SAW ROORodallega saw Rooney ‘drinking like madman’ & Gerrard ‘on bar dancing shirtless’NEXT STEPJonny Hayes set to move to English Championship having been let go by CelticThis led to reports that Koulibably would be among the stars sold no matter what, but any arrival would still cause Spurs to break their transfer record.The north London club only broke their record to snap up Tanguy Ndombele for £65m from Lyon back in July.And many anticipated that Mourinho would likely come into conflict with notoriously thrifty Daniel Levy over the Special One’s tendency to splash the cash.2Man Utd have offered £95m for Napoli defender Kalidou Koulibaly – here is whylast_img read more