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Our home sweet home - Teneriffe!

With the annual Teneriffe Festival fast approaching on October 23rd, 2021, we thought we’d pay homage to our beautiful suburb by sharing a little bit of its history with you!

Located a stone’s throw away from the Brisbane CBD, the river side suburb of Teneriffe borders Fortitude Valley, Newstead and New Farm and is home to one of Brisbane’s most sought after lifestyles. The suburb hosts a plethora of award-winning eateries and bars that neighbour the river, creating a unique outdoor dining experience that is an asset to Brisbane’s inner city. Here at the Newstead Group, we are grateful to call this suburb home!

Teneriffe boasts major historical significance for Queensland with its heritage listed industrial buildings; the wool stores, now some of the most desirable homes of Brisbane’s creative class. Teneriffe has come a long way since its hustling and bustling industry days, with major gentrification efforts since the 1990’s transforming the suburb into to the leafy, walkable, trendy suburb that it is today.

Teneriffe was originally home to one of Brisbane’s major wharves that allowed for the economic development of the city and the state of Queensland as a whole. Some of the iconic buildings that supported the commercial wool industry were erected at the beginning of the 1900’s, including the wool stores of Dalgety and Co, Australian Mercantile Land and Finance, and McTaggart. The wool boom in 1910 caused an expansion of primary industry, and accounted for 50% of Queensland’s total exports in the 1930’s.

After the decline of industry in the mid 1960’s, these beautiful heritage buildings were abandoned. Once serving as a sign of a prospering local economy, the wool stores became dilapidated and attracted crime. In the 1990’s the Brisbane City Council ‘s Urban Renewal Task Force commenced works on the Woolstore Precinct, seeking to re-invigorate the suburb by delivering sustainable live-work communities, reviving the local economy, providing affordable housing, and attracting residents and businesses. This project saw Council repurpose the wool stores into designer residential apartments. Not only was this renovation a fantastic example of sustainable development, but Council continued their efforts through increasing walkability and pedestrian access, as well as prioritising public spaces and greens space such as the Brisbane Powerhouse and Newstead River Park. All of which, contribute to making Teneriffe one of the most sought-after suburbs in Brisbane on account of its liveability.

Come and join us for a beer at the Teneriffe Festival on October 23rd, where you’ll find our promo at the Triffid Main Stage! We can’t wait to celebrate this beautiful suburb with you and our local community. 

You can get tickets to the Teneriffe Festival here.

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