Australia / Brisbane
Mar 27 2018Add to Favorites
Brisbane City Council has approved the redevelopment of two former government buildings, which will see them merged to form one $500 million office tower.
The buildings at 155 Charlotte Street and 150 Mary Street will be developed by Sydney-based financial house Ashe Morgan and DMANN Corporation.
Health and Forestry House, bought by Ashe Morgan for $65 million, will be converted from two 17-storey buildings into one 42,000-square-metre, 26-storey development, creating campus-style podium floor plates of 2400sq m to 2500sq m.
David Mann, AM Brisbane CBD Investments director said he anticipated Midtown Centre would be completed by mid 2020, delivered in a window of low new supply in the Brisbane CBD office market.
The merging of the two buildings is a 230 per cent more environmentally friendly option than rebuilding demolished buildings.
Architectural firm Fender Katsalidis has designed the new tower, which will include a sky garden on level 20 along with restoration of Charlotte Street heritage facade.
Subscribe to the MP Report for more
After selling to New Zealand investor Brian Cook on a cap rate of c. 5% in mid-2016, the newly completed Woolworths stratum investment under the Omnia building in Potts Point is available for sale.
Luxury property developer, GURNER has received planning approval for yet another heritage project in Collingwood, as its proposal for a boutique mixed-use development at 368-374 Smith Street gets the green light after a mediation with locals and Council that saw the permit issued without a VCAT hearing.
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >