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Developers race for the biggest leasing deal in a decade: Brisbane.

People & Companies / Latest News

Australia / Brisbane

Apr 15 2018

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Major developers are vying against one another as they chase the Brisbane’s biggest leasing deal in a decade. 

Joint-venture partners, Charter Hall and Investa Commercial Property Funds are battling it out against Mirvac to house Suncorp, which is currently a tenant of Charter Hall’s Brisbane Square building, with a decision expected mid-year. 

Superannuation-fund backed manager ISPT, which had proposed a tower at the former cinema site The Regent in the Queen Street Mall, has already been cut from the bank’s short-list.

Suncorp staff are currently spread over three sites across Brisbane’s CBD, with leases expiring over the next four years, prompting the search for a single building.

Westpac is also searching for 7000sq m of space, shortlisting GPT’s Riverside Centre on Eagle Street; Charter Hall’s 175 Eagle Street; The Dexus tower at 480 Queen Street and the Shayher Group’s 300 George Street, which has now been cut down to two major contenders. 

 

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