Brisbane’s Commercial Casualties

Commercial Construction 2022

When fighting a war (of construction), there are always casualties and there are a few projects in Brisbane that are slowing or on hold due to the turbulence in the construction industry and of course, the local weather this year! Here are some of the major ones:

443 Queen Street

443 Queen Street was set to have a restaurant along with residential apartments. At least, that was until it was announced in February that Probuild, one of the nation’s largest building companies, was going into administration. According to report, Probuild owed between $7 million and $10 million to subcontractors.

Queen’s Wharf Brisbane

The $3.6 billion Queen’s Wharf Brisbane, an integrated casino and resort complex being built on the river, has been delayed (again). The Star Entertainment Group said in its earnings report recently that Queen’s Wharf was likely to open in stages starting in the middle of 2023. The company had already moved the opening date from 2022 to early 2023, but now a “revised construction schedule from the builder” has delayed this further.

The Market in General
What To Expect With Construction Going Forward?

Enquiry Form