Graya co-founder Rob Gray has been revealed as the buyer of an $11.05 million off-the-plan for a full floor apartment in Heirloom at Kangaroo Point.
The boss of leading construction firm Graya has been revealed as the buyer of a record-breaking $11.05m off-the-plan apartment in Brisbane.
Co-founder Rob Gray splashed the mega sum to secure the full-floor property on level four of boutique developer Molti’s Heirloom, a five-level project in sought-after Kangaroo Point.
His building company Graya has also been appointed to deliver the riverside development with construction kicking off this week.
Render of Molti’s Heirloom, a five-level project in Kangaroo Point.
Molti founder Ben Teague, Graya co-founder Rob Gray and Molti director Shane Bulloch.
The sale, which transacted in October, set a new Brisbane benchmark and achieved the highest rate per internal square metre for a non-penthouse apartment in the city’s history at $38,501 per square metre.
“We’re proud to be building Heirloom, but I’m equally proud to be a purchaser here,” Mr Gray said.
“When you’re this confident in a project’s quality and vision, you back it with more than just your craftsmanship – you back it with your own investment.”
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Kangaroo Point development Heirloom, developed by Molti in collaboration with Bureau Proberts and Carr.
Molti managing director Ben Teague said his company needed a builder who understood that every element mattered when creating luxury apartments.
“Having Rob personally invest in the project on day one speaks volumes about Graya’s confidence in what we’re creating together,” Mr Teague said.
“It’s the ultimate endorsement.”
Render of the kitchen.
Mr Teague said Graya was the ideal partner to bring Heirloom to life.
“Graya was a natural choice to deliver Heirloom given their exceptional track record in luxury residential construction and our shared commitment to uncompromising quality,” Mr Teague said.
“Both Molti and Graya operate in the luxury segment where craftsmanship, attention to detail and design integrity are paramount.”
Heirloom has secured $21.7m in sales since its launch, with full-floor apartments spanning 340 sqm each, and starting at $9.5m.
Render of one of the bedrooms.
Each residence includes four bedrooms with ensuites, two living areas, and outdoor terraces.
They also feature views of the Story Bridge, CBD, and Brisbane River a well as private gallery walls for statement art, bespoke wine storage and indoor fireplaces.
Completion is set for mid 2027.
PropTrack data reveals the median apartment price in Kangaroo Point is $800,000, up 11 per cent over 12 months.
The Heirloom sale is the highest apartment sale in Kangaroo Point outside Sorano House’s $14m penthouse, which sold in 2024.
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