CBUS ACQUIRES STAKE IN $400M TWO TOWERS PROJECT
Cbus Property has acquired a 50 per cent stake in 205 North Quay in Brisbane from its joint venture partner MJ Nielson.
The resurgence of the CBD’s North Quarter precinct has ramped up with two office tower deals totalling almost $400 million.
Works have started on the riverfront 30-level tower, which will comprise:
- 43,700sq m of A-grade office space
- A wellness floor
- An 18m open-air public plaza at ground level
- Retail offerings
- Signature dining areas
- An auditorium.
Hutchison Builders broke ground on Brisbane’s newest office tower earlier this year, undertaking bulk excavation works for the basement of the building.
The tower, designed to achieve 6 Star Green Star and 5.5 star NABERS ratings, is due for completion in late 2024.
AUTHOR: Phil Bartsch