New tower set to change the face of Brisbane's financial district

The proposed development will comprise basement car parking, a podium level with provision for a gym and childcare, end-of-trip facilities and about 50,000 square metres of office space.

“This is a very exciting investment opportunity for both Charter Hall and Investa,” CPOF fund manager Matthew Brown said.

“Our combined office experience and expertise will see us create a new generation, high-quality building designed to support tenant customers’ requirements for collaborative workplaces, higher density and flexible occupancy along with the latest technology.”

Designed by Blight Rayner, a defining feature will be its connection to the outside through a roof-top recreation deck and multiple “sky parks” at various levels, as well as floor-to-ceiling windows to create a sense of openness and natural light, according to the joint venture partners.

The exterior of the proposed building.

The building will provide water views and market-leading environmental credentials, including a 5-Star Green Star design and As Built rating, 5 Star NABERS Energy Base Building rating and WELL Core and Shell Gold Certification, to optimise tenant health and “wellness”.

ICPF fund manager Jason Leong said the development supported Investa’s 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 and we’re very pleased to reach this important DA milestone alongside CPOF,” Mr  Leong said.

The development follows the acquisition of 366, 370 and 380 Queen Street for $53.75 million in 2017 by the joint venture partners.

Charter Hall head of office development Andrew Borger said the development was focused on delivering market-leading experiences for tenants.

“Our in-house development team will deliver an office building of a standard not yet offered in the Brisbane market,” he said.

“Targeting the highest level of sustainable design and building performance, it will provide extensive recreational and landscaped areas at podium level and throughout the tower, with higher density and technology-enabled workplaces providing greater connectivity and flexibility for the future tenants of this progressive, new workplace community.”