A 50:50 joint venture between the Charter Hall Prime Office Fund (CPOF) and Investa Commercial Property Fund Charter (ICPF) is the latest example of growing confidence in the Brisbane CBD office market, as CPOF’s Jason Leong reiterates.
“The 360 Queen Street development strongly supports ICPF’s ‘build to core’ strategy and reflects our commitment to investing in high quality, new office developments.”
“A commitment of this scale also reflects our confidence in the underlying strength of the Brisbane CBD office market.”
Situated within 200 metres of Brisbane’s GPO, the proposed site will include a public piazza and revitalised retail laneways along a Queen Street frontage.
Combining the expertise of both funds, 360 Queen Street will see Investa and Charter Hall create 50,000sqm of office accommodation over 40 levels, including basement car parking, a 5-Star Green Star design and a podium level with provision for a gym and childcare facility.
Designed by Blight Rayner, the defining feature central to the building's sense of community is its connection to the outside, achieved through a rooftop recreation deck and multiple sky parks at various levels, and high spec, floor to ceiling windows with superior transparency, that create a sense of openness and natural light.
Construction is expected to commence in the first half of 2019, subject to securing development approval and tenant pre-commitments.
Cover Image: BrisbaneDevelopment.com