Developer Pikos Group has officially commenced construction on Gaia, a $620 million riverfront development at Kangaroo Point in Brisbane. This project represents the developer’s second riverfront project in as many years and includes plans for two residential towers and an extensive private parkland area. With Gaia now underway, Pikos Group’s total value of active construction projects in Brisbane reaches approximately $1 billion.
In addition to addressing housing supply in Brisbane, the Gaia development is projected to create 695 direct and indirect jobs over its two-and-a-half-year construction period. Economic contributions are estimated at around $110 million, marking a substantial investment in the local economy amid ongoing industry challenges.
Pikos Group Founder and Executive Director, Pedro Pikos, said that Gaia is the result of over a decade of preparation and planning. Since 2014, the group has gradually acquired eight riverfront lots, amassing 5,300sqm of land with uninterrupted river views. This location is intended to offer high-end residential options and expansive green spaces, establishing a connection to the surrounding natural and urban environments. Gaia will include 215 apartments in a mix of two, three, and four-bedroom configurations across two 15-storey towers, along with dedicated pedestrian connectivity to nearby bridges.
The project’s name, Gaia, reflects a commitment to natural integration, with the inner city’s largest private parkland planned to include more than 20 wellness and leisure areas exclusively for residents. Chief Executive Officer Michelle Wooldridge remarked on the developer’s ability to progress with large-scale projects despite recent construction market pressures. “Gaia is our second major project in as many years, bringing our total under construction to approximately $1 billion,” Ms Wooldridge said.
The construction of Gaia involves a collaboration between Pikos Group and the Mastrocostas family, who have extensive experience within Queensland’s construction industry. This partnership has led to the formation of M2M Constructions, established specifically to deliver the project. “This partnership demonstrates the unique alliances needed to bring developments to fruition in today’s property sector,” added Ms Wooldridge.
The site, located at Kangaroo Point, offers a quiet, scenic position with views across one of the Brisbane River’s widest sections as it bends around New Farm. With the completion of the Kangaroo Point Green Bridge, the site would gain enhanced pedestrian access to the Brisbane CBD, balancing convenience with a more secluded atmosphere.
Designed by DKO Architecture, Gaia’s two towers are positioned to maximise views of both the river and the city. Each apartment would feature luxury interiors, including natural stone, timber flooring, and premium appliances. Additional resident amenities include an indoor-outdoor gym, rooftop entertainment areas, a garden workshop, a yoga lawn, an outdoor cinema, private dining spaces, and work-from-home facilities.
Gaia marks Pikos Group’s second venture at Kangaroo Point, following its high-end Skye by Pikos project currently under construction at River Terrace. Prospective buyers can view a sales display at 8 River Terrace, Kangaroo Point, available by appointment.
Meanwhile, the Kangaroo Point Green Bridge is scheduled to open to the public on the 15th of December, establishing a direct pedestrian and cyclist link between the Brisbane CBD and Kangaroo Point. This new connection is expected to ease access between the two areas, significantly benefiting residents, visitors, and commuters alike.
The Kangaroo Point Bridge has received an ‘excellent’ design rating from the Infrastructure Sustainability Council’s Design Rating Scheme, and is the first Brisbane City Council project to receive an excellent rating. The rating considers the bridge’s use of renewable energy, employment of local suppliers and inclusion of innovative technology.
For the first time in Australia the Kangaroo Point Bridge used drones to complete water sampling and cameras with infrared sensors to monitor river levels and flood risk during heavy rain. In a Queensland first, the construction of a river-based tower crane for the duration of the project allowed for above-water assembly which minimised impacts to the river and the community.
The bridge will continue its sustainability legacy once complete with 75 solar panels to capture enough energy to power the lighting and lifts along and under the bridge deck. The bridge, designed to enhance urban connectivity, would provide Kangaroo Point’s residents with seamless, car-free access to the city’s core, encouraging active transportation while adding a scenic crossing point over the Brisbane River.
