Rainforest Tower (QIC – $1.2bn)
QIC’s “Rainforest Tower” is located at 101 Albert Street, in the heart of Brisbane’s CBD and fronting onto the new Albert Street Cross River Rail Station. The 2,500m2 site will be home to around 45,000m2 of mixed use space in the form of a 40 level structure incorporating a 5-level podium with an additional 35 level tower above. The building will offer over 4,000m2 of “Outdoor Space” and will house a myriad of dining and entertainment venues.
Station Square (Trenert – $1.2bn)
Station Square is the latest scheme unveiled in the Woolloongabba Priority Development Area. The development will propose 5 towers consisting of residential apartments, an affordable housing component, prime office space and a 320 room 5-star hotel. One of the main features of this scheme is the footbridge over Stanley Street, connecting the development to the Cross River Rail Station. The first stage will include the development podium and 5 levels of basement carpark.
Yeerongpilly Green Riverside (Consolidated Properties & CVS Lane – $850m)
Yeerongpilly Green is a joint venture between Don O’Rourke’s Consolidated Properties and CVS Lane Capital Partners which will create over 1,200 homes, a Woolworths supermarket spanning over 11,000m2 as well as multiple specialty retailers, a dining precinct and a major gym and wellness centre. Construction giant Hutchinson Builders are getting to work on stage 1 of the 14ha site, which will include a release of apartments and luxury terrace homes as well as the Woolworths anchored supermarket. Stage one is due for completion in the second half of 2023.
Buranda Village (Vicinity – $750m)
Buranda Village is a $750m development scheme which proposes two distinct precincts; the Lifestyle Precinct and the Working precinct. The lifestyle precinct is made up of 4 towers, each standing 15 levels and providing a combined 627 apartments with retail and entertainment space taking up the five level podiums. The Working Precinct will be home to over 67,000m2 of commercial GFA across 3 towers. The Lifestyle Precinct will be built first and will include all of the communal and retail space on the ground and podium levels, as well as the 627 1, 2 & 3 bedroom apartments which will be held under a Build-to-Rent ownership structure.
What to Watch
- Myer Centre, Queen Street Brisbane (Vicinity Centres & ISPT)
- Riverside Quays, Tenerife (Kokoda Property)
- Treasury Building, Brisbane CBD (Charter-Hall/Star)
- Toombul Shopping Centre, Toombul (Mirvac)
The scale and increasing velocity of Brisbane’s transformation is the exciting part. What an incredible time to do business and invest in Queensland.
For further information contact:
Hugh Menck MRICS
Head of Capital Transactions
hmenck@bne.mcgees.com.au
+61432560589
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.
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