Construction starts on $170M Fortitude Valley tower creating more than 1,300 jobs

Source: Queensland Government - http://www.cabinet.qld.gov.au 

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07 June 2016

QLD Government: Acting Premier Jackie Trad today turned the first sod on a $170 million office tower on Brisbane’s city fringe, which is set to support more than 1,300 local construction jobs across the next two years.

The new office tower at 900 Ann Street, Fortitude Valley, is being delivered by Consolidated Properties Group (CPG) and Charter Hall Group, and will become the new headquarters for Australia’s largest rail freight company Aurizon and its 1,700 staff from 2018.

Ms Trad said the 19,000 sqm, 14 level Premium Grade office tower was a welcome addition to the ongoing regeneration of Fortitude Valley and was a clear demonstration of growing market confidence in Brisbane.

“This is a landmark project for Fortitude Valley, bringing 1,300 jobs during the construction phase and 1,700 Aurizon workers to the area once construction is complete,” Ms Trad said.

“This is a fantastic endorsement of the strength of our local economy and a boost of confidence for Queensland’s construction industry.

“I’m very pleased that the construction contract has been awarded to a local Queensland-based company - Hutchinson Builders.

“We are frequently seeing Queensland-based companies delivering innovative, world-leading projects and the Palaszczuk Government stands ready and willing to support these companies through new investment opportunities however we can.”

Member for Brisbane Central Grace Grace welcomed the economic benefits the development would bring to the area.

“Along with the long-term jobs this project will bring to the area, the construction of this tower is also great news for small businesses in Fortitude Valley,” Ms Grace said.

“Both during construction and after completion this means thousands of extra people supporting hospitality and retail businesses in Fortitude Valley and putting money into the local economy.”

CPG Executive Chairman Don O’Rorke said Consolidated Properties’ core values of innovation, sustainability and community were embedded in the design of 900 Ann Street

“The building was designed by Australia’s leading architect John Wardle, the development will include new food and beverage tenancies and community facilities for the Holy Trinity Church, in addition to the Aurizon office space,” Mr O’Rorke said.

“We are very happy with the relationships we have been able to forge with both the Queensland Government and other Queensland companies.”

“There is a real sense of growing confidence in the Queensland market and our investment here is a reflection of that.”

CPG secured a 110-year lease for the site, from the Anglican Church, in a deal which secures the long term future of the existing Church building, on the site at 900 Ann St.

“We are pleased that for the church landholders, the development provides an enduring capital base for the church, which will sustain it into the future,” Mr O’Rorke said.

Aurizon Managing Director and CEO Lance Hockridge was excited about the opportunities the new building would deliver for his staff.

“This is a fantastic opportunity to create a workspace for our employees that delivers benefits across all dimensions – cost and efficiency, environmental excellence, and in building an innovative and inclusive culture,” Mr Hockridge said.

The development of the precinct, encompassing an entire city block, adopts an integrated approach, acknowledging the existing activities and presence of the church on the site. A pedestrian connection through the site will provide a transition space between church and commercial activities.

Construction is expected to be completed in 2018.

 

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