Corporate Collection

Evolution Apartments is now the third Brisbane property within the Rae Family management rights portfolio. The family started out in the industry more than 16 years ago and over that period have purchased seven different management rights properties with their first being a boutique resort located in the northern beaches region of Cairns.

After four years learning the ropes at this property, Ken, Maureen and their three children then moved away from Tropical North Queensland down the coast to the iconic Hastings St in Noosa Heads where they opened Bella Casa Noosa. Later seeing the synergies of running two properties in the same street they acquired another prominent Hastings Street property, Maison La Plage (now called Maison Noosa).

Now with two properties in their portfolio, Ken and Maureen decided to hand over day to day running of both properties to their sons, Ryan and Aaron, allowing them to step back and focus on further investment and growth in the business. It was then that they identified the opportunity in Brisbane and decided to purchase the iconic property, Macarthur Chambers Heritage Apartments.



Today, the Rae family still own Macarthur Chambers and have since purchased Central Brunswick in Fortitude Valley but their newest venture is Evolution Apartments. As a result they have on-sold their investments in Noosa to focus their combined energies on their three Brisbane based properties. Aaron as the group general manager has operational responsibility across the properties. Nicole, their youngest daughter has stepped into the role of quality assurance manager while Ken and Maureen continue to focus on the strategic growth of their business. Ryan continues in an advisory role as a director of the company.

Evolution Apartments is conveniently located on the outskirts of Brisbane CBD with views over the Brisbane River, Evolution is a brand new complex catering primarily to the corporate travel market.

Ken said, “We purchased Evolution off the plan in March 08 from Citimark. We took on Evolution basically because we know the Brisbane market and we know the corporate sector remains strong within it. We knew Evolution would be perfect for the corporate travel market because it is a great property in the right location and it compliments our other corporate properties, MacArthur Chambers and Central Brunswick.”

While it hasn’t been long since the Rae’s added Evolution to their list, this property certainly won’t be the last with Ken admitting, “We are always on the lookout for an opportunity that will allow us to expand our business and we are currently in negotiations to possible pick-up another CBD property.”

Since the property opened in March 2008, Aaron – Evolution’s general manager –has put in a lot of effort into marketing the property.

Conveniently Located

Located on Tank Street, adjacent to the Riverside Express Way and Brisbane River, Evolution offers premium corporate serviced apartment living of the highest standard.

Offering 178 of apartments, each one features air conditioning, broadband and dial up, DVD player, pay per-view movies, satellite/cable television, radio, fully-equipped kitchen with dishwasher and full size refrigerator, washing machine and dryer, clothes line/airer, iron and ironing board, hair dyer, tea and coffee making facilities, opening windows and balcony or courtyard (except off the studio rooms).

Each room is furnished with quality finishes such as ducted air-conditioning, stone bench tops, stainless steel appliances, glass balustrades and advanced security and technology.

With spectacular views over the river and city, unparalleled recreational facilities such as the 6th floor recreation deck with a heated lap pool, spa, state-of the-art gym, garden deck and quiet library zone, tour desk, luggage storage, business centre facilities, well-equipped media room, onsite secure undercover parking and Sky Lounge on the 36th floor with a billiard table and bar, makes Evolution the perfect choice for the business traveller.

The extensive use of floor to ceiling glass and large balconies through the building emphasises that Evolution is all about riverside living in a central location.

In a prime position only minutes from the CBD, Evolution is also only 200m from Roma St Transit, Brisbane’s major rail and bus interchange and a 20-minute drive from the airport. The excellent shopping streets, entertainment, cafes and restaurants of Brisbane are all on the property’s doorstep.

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