Commercial Properties
141 Queen Street, Brisbane
Overview
The 24 level 141 Queen Street is part of a new office and retail complex located in the retail heart of the Queen Street Mall, located between Brisbane’s financial, government and law precincts. Its position on the intersection of the Queen Street Mall with Albert Street is arguably one of the best retail locations in Queensland. The building was built in 1969 and was acquired by QIC Real Estate in 1994.
Development Approval
QIC also owns an adjoining property with frontages to Albert Street Mall & Elizabeth Street. QIC has development approval over the amalgamated site for 8,000 m2 of new retail, 10,000sqm of new commercial office tower and basement carparking for 207 cars. The combined total lettable area of the amalgamated asset on completion will be approximately 32,000 m2.
The new retail has frontages to the Queen and Albert Street Malls and Elizabeth Street and both the existing tower and new tower sit above the retail with their own street addresses and commercial entries.
The Australian Taxation Office has precommitted to leasing the new 10,000sqm commercial component.
DEVELOPMENT HIGHLIGHTS
Robina Town Centre
Is undergoing a $300 million expansion. This multi-staged expansion includes the addition of a new 10,000m2 Big W, a second 4,500m2 Woolworths supermarket, up to 100 new specialty retailers, a 900 seat food court and a lakeside dining precinct.
Watergardens Town Centre
Following the recent $138 million extension that included Big W, a second Safeway supermarket and 100 new specialty retailers, construction has commenced on a new $15m entertainment and leisure precinct that activates the Town Centre to the Watergardens Railway station. Between five and seven new restaurants and a fitness centre will provide the first street of restaurants to the region.
Canberra Centre
Stage three of Canberra Centre's $500 million expansion is now open housing Canberra's newest ALDI and Dick Smith PowerHouse stores.
Q&A
Queen and Albert is a $250 million retail and commercial development located in the heart of Brisbane's CBD.
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