Silverstone
Silverstone Developments is a Brisbane-based property developer specialising in luxury residential, commercial, and healthcare real estate across South East Queensland, with an integrated developer-builder model via its Blackwatch Projects construction partnership.
- Company typePrivate
- Founded2003
- HeadquartersNewstead, Australia
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Silverstone does
Silverstone Developments is a Brisbane-based property developer founded in 2003 that operates across residential, commercial, and healthcare real estate in South East Queensland. The company's portfolio spans approximately $3 billion in cumulative asset value across 61+ completed projects, including luxury apartment developments (The Windermere in Ascot, Rivergreen at Northshore Hamilton, Sassari in West End, Alto Apartments in Toowong), commercial buildings (Stratton Commercial in Newstead, 26 Commercial Road, Macquarie Street Offices, Corbett Chambers), and the Spring Hill Day Hospital — a $90m Class 9A private healthcare facility completed in 2024.
The company's core offering combines site identification, design, development, and construction management, with design executed through partnerships with leading Australian architects including Carr, RotheLowman, Plus Studio, and PDT, and landscape work by Dunn Moran. A defining element of the business is the integrated developer-builder model delivered through a strategic partnership with Blackwatch Projects, Silverstone's in-house construction arm. This integration provides construction certainty and timely delivery for buyers and investors and differentiates the firm from non-integrated competitors. The company also retains select assets (Sassari, Corbett Chambers, Macquarie Street Offices, The Alliance Hotel, 26 Commercial Road) as a long-term investment portfolio generating recurring rental income.
Silverstone generates revenue through three streams: one-time residential property sales (via appointed sales agents such as Keenan Byrne and Milestone Property Group), one-time commercial property sales (such as the Charter Hall divestment of Stratton Commercial), and recurring rental income from the retained investment portfolio. Customer segments include affluent downsizers seeking luxury residences in prestige Brisbane suburbs, property investors, and healthcare operators. The company is privately held and founder-led by Managing Director Troy Daffy, with a leadership team of 11-50 employees operating from Newstead, Queensland.
Silverstone firmographics
Firmographics- Name
- Silverstone
- Legal name
- Silverstone Developments
- Website
- https://silverstonedevelopments.com.au
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Silverstone Developments is a Brisbane-based property developer specialising in luxury residential, commercial, and healthcare real estate across South East Queensland, with an integrated developer-builder model via its Blackwatch Projects construction partnership.
- Ownership category
- akta.pro rank
Silverstone industry classification
Industry- Product category
- Property Development
- NAICS
- Masonry Contractors (23814)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Stone Masonry Repair & Restoration (HSAGALAJ)
Keywords
Where Silverstone is headquartered
LocationHeadquarters
- HQ city
- Newstead
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Silverstone business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Property Sales - Residential: Revenue from selling residential apartments and residences to buyers. Major projects include The Windermere ($105m), Rivergreen ($160m Stage 1), Sassari ($60m), Alto Apartments ($80m).
- Property Sales - Commercial/Investment: Revenue from commercial property sales including office buildings, hospitality venues, and healthcare facilities. Projects include Stratton Commercial ($122m), Spring Hill Day Hospital ($90m), 26 Commercial Road ($30m), Macquarie Street Offices ($16m), Corbett Chambers ($25m).
- Investment Portfolio - Rental Income: Long-term investment properties generating recurring rental income. Investment properties include 26 Commercial Road Newstead, Macquarie Street Offices Teneriffe, Corbett Chambers Brisbane CBD, The Alliance Hotel Spring Hill, Sassari West End.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Luxury residential developments with premium finishes and amenities |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Silverstone product offering
Product offeringCore offering
Silverstone Developments is a Brisbane-based property developer that identifies, designs, develops, and constructs premium residential apartments, mixed-use, commercial, and healthcare property projects in South East Queensland. The company sells residential units to individual end-buyers, disposes of commercial assets to investors (e.g., Stratton Commercial sold to Charter Hall), and retains a long-term investment portfolio that generates recurring rental income. Project delivery is supported by an in-house construction arm, Blackwatch Projects, providing construction certainty.
Differentiator
Problem solved
Functional benefit
Products and services
- The Windermere, Ascot Luxury residential development at 77 Racecourse Road, Ascot, designed by Carr Architecture, targeting affluent Brisbane downsizers and home buyers.
- RiverGreen, Northshore Hamilton Landmark residential development at 330 MacArthur Avenue, Northshore Hamilton, comprising 123 oversized residential units across two towers; sales handled by Milestone Property Group.
- Alto Apartments, Toowong 20-storey mixed-use residential development in Toowong completed in 2015 by RotheLowman Architects; completed product in Silverstone's portfolio.
- Sassari, West End Riverfront apartment complex at 25 Duncan Street, West End, completed in 2015; Silverstone's first West End venture and a retained investment portfolio asset generating rental income.
- Sorrento, West End Residential development in West End, Silverstone's second site in the area, completed in 2016.
- Stratton Commercial, Newstead $122m commercial office development in Newstead delivered in 2021 in partnership with RotheLowman Architects and Hindmarsh Construction; fully leased to Mater Group and disposed to Charter Hall.
- Spring Hill Day Hospital $90m landmark private healthcare facility purpose-built to Class 9A specifications, completed in 2024 with PDT Architects; serves healthcare operators requiring day surgery and clinical facilities.
- Corbett Chambers, Brisbane CBD Heritage commercial building in Brisbane CBD, purchased and refurbished in 2021; held in long-term investment portfolio for rental income.
- Investment Portfolio Properties (26 Commercial Road, Macquarie Street Offices, The Alliance Hotel) Long-term investment properties held by Silverstone in Newstead, Teneriffe, and Spring Hill that generate recurring rental income, including office buildings and a heritage hotel.
Companies that use Silverstone
Customer profileSegments3 records
Ideal customer profiles3 records
Silverstone technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Silverstone partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, major and minor.
- Blackwatch ProjectscoreBlackwatch Projects is Silverstone's in-house construction company and key strategic partner. This developer-builder model provides buyers and investors certainty around construction quality and timely delivery. Troy Daffy spent over 10 years as Managing Director of Blackwatch Projects before founding Silverstone Developments.
- Carr ArchitecturecoreLeading Melbourne architecture firm responsible for designing major projects including The Windermere and Rivergreen. Collaborates on design excellence and architectural innovation.
- Plus StudiomajorArchitecture firm designing the 192-apartment Milton Riverside tower development at 299 Coronation Drive, Milton.
- Dunn Moran Landscape ArchitectscoreLandscape architects collaborating on major projects including Rivergreen and The Windermere, providing subtropical landscaping design.
- RotheLowman ArchitectsmajorArchitecture firm responsible for Alto Apartments and Stratton Commercial projects. Known for luxury mixed-use developments.
- Keenan ByrnemajorReal estate agency handling sales for The Windermere project. Agents Tim Keenan and Fraser Byrne manage buyer enquiries and property sales.
- Milestone Property GroupmajorSales agency handling Rivergreen project sales at Northshore Hamilton.
- Hindmarsh ConstructionmajorConstruction company that delivered the Stratton Commercial project ($122m) in partnership with Silverstone and RotheLowman Architects.
- PDT ArchitectsmajorArchitecture firm responsible for Spring Hill Day Hospital ($90m), a purpose-built healthcare facility.
- Property Council of AustraliaminorIndustry association membership demonstrating commitment to industry standards and best practices.
- UDIA (Urban Development Institute of Australia)minorIndustry association membership. Rivergreen targets 6 Leaf EnviroDevelopment Rating from UDIA.
- Green Building Council of AustraliaminorIndustry association membership focused on sustainable building practices.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Silverstone competitors and assessment
Company assessmentBroad incumbents
- Lendlease: Lendlease is a major Australian-listed property developer and constructor with significant Australian residential and commercial portfolios. Operates broadly in the same category as Silverstone but at far greater scale, with national and international operations.
- Cbus Property: Cbus Property is the property development arm of Cbus super fund, focused on Australian commercial and mixed-use developments including healthcare and office. Comparable via institutional commercial/healthcare development scope but with superannuation-scale balance sheet rather than founder capital.
- CIMIC Group: CIMIC (parent of CPB Contractors and Sedgman) operates Australia's largest construction franchise with adjacent property development capability. Comparable through its construction-and-development integration, but operates at industrial-scale and ASX-listed.
- Stockland: Stockland is one of Australia's largest ASX-listed diversified property developers, with significant Queensland residential and commercial exposure. Competes indirectly with Silverstone for premium SEQ land sites and home/condo buyers, but at much greater scale and with public-market capital.
- Mirvac: Mirvac is a major ASX-listed Australian property developer with substantial residential, commercial, and build-to-rent exposure. Comparable vertical scope (residential + commercial + investment portfolio) but at institutional scale and ASX-listed.
Others
- Charter Hall Group: Charter Hall is an ASX-listed property investment and funds management group that has purchased Silverstone's Stratton Commercial asset. Relevant as a key institutional counterparty / capital recycling buyer rather than direct competitor, but central to Silverstone's commercial exit strategy.
Emerging players
- Hedonism Properties: Hedonism is a smaller Brisbane-based residential developer focused on boutique luxury townhouses and apartments. Competes with Silverstone for the same affluent downsizer buyer segment in Brisbane premium suburbs, but at smaller scale.
Direct peers
- Pointcorp Projects: Pointcorp is a long-established Brisbane property developer with a similar mid-sized, founder-influenced structure and focus on premium residential and mixed-use projects in SEQ. Directly comparable in scale and customer profile.
- McNab: McNab is a Brisbane-based integrated property developer and construction company with a similar developer-builder model. It competes directly with Silverstone for SEQ development sites, construction talent, and institutional counterparties, making it the closest direct peer in scale, geography, and operating model.
- Mosaic Property Group: Mosaic is a Brisbane-based residential property developer focused on medium-to-high-density apartments across SEQ. It directly competes with Silverstone for premium apartment buyers, presale velocity, and similar site locations in Ascot, Hamilton, West End, and Newstead.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Silverstone social profiles
Digital presenceSilverstone financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silverstone leadership team
Management profileNumber of profiles
Profiles11 records
Silverstone subsidiaries and ownership
Company hierarchySubsidiaries1 record
Silverstone funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silverstone M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silverstone
What does Silverstone do?
Silverstone Developments is a Brisbane-based property developer that identifies, designs, develops, and constructs premium residential apartments, mixed-use, commercial, and healthcare property projects in South East Queensland. The company sells residential units to individual end-buyers, disposes of commercial assets to investors (e.g., Stratton Commercial sold to Charter Hall), and retains a long-term investment portfolio that generates recurring rental income. Project delivery is supported by an in-house construction arm, Blackwatch Projects, providing construction certainty.
Is Silverstone a public or private company?
Silverstone is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Silverstone founded?
Silverstone was founded in 2003. It employs 11 to 50 people.
Where is Silverstone based?
Silverstone is headquartered in Newstead, Australia, in the Oceania region.
How does Silverstone make money?
Three revenue lines are on record. Property Sales - Residential is the primary driver. The others are property Sales - Commercial/Investment and investment Portfolio - Rental Income.
Who are Silverstone's main competitors?
Broad incumbents on record are Lendlease, Cbus Property, CIMIC Group, Stockland and Mirvac. Charter Hall Group is listed as an others. Hedonism Properties is listed as an emerging player. Direct peers are Pointcorp Projects, McNab and Mosaic Property Group.
Does Silverstone have an API?
No public API is recorded for Silverstone.
What industry is Silverstone in?
Silverstone's product category is Property Development. Its primary akta.pro industry code is HSAGALAJ, Stone Masonry Repair & Restoration. Its NAICS code is 23814 and its SIC code is 1520.