Charter Hall and Investa secure QIC as another high-quality tenant customer at 360 Queen Street in Brisbane

Charter Hall Group (Charter Hall or the Group) and Investa have secured a 10-year pre-commitment to Queensland Investment Corporation (QIC) at their $800 million state-of-the-art office development at 360 Queen Street in Brisbane, as companies seek out high-quality office developments to meet the evolving needs of the Australian workforce.

The QIC commitment follows earlier pre-commitments to international professional services law firm Herbert Smith Freehills, global accounting and advisory firm BDO and Australian law firm HopgoodGanim Lawyers.

Developed by a joint venture between the Charter Hall Prime Office Fund (CPOF) and Investa Commercial Property Fund (ICPF), the 33-floor premium grade building continues to attract tenant customers relocating from older buildings, further demonstrating tenant demand for new workspace solutions that meet the demands of their people.

QIC CEO, Kylie Rampa, said, “Providing our Brisbane team with a space that fosters productivity, collaboration and amenity is central to supporting our culture of excellence, respect and diversity at QIC.”

Investa CEO, Peter Menegazzo, said, “We are pleased that the vision we, as joint venture partners, had for this project when we amalgamated four separately owned sites is coming to fruition. The addition of this new premium grade tower will complement ICPF’s national portfolio and continue our focus on high-quality space solutions for our tenant partners.”

Charter Hall Office CEO, Carmel Hourigan, said, “We are delighted to have secured QIC at 360 Queen Street, with the high-quality pre-committed tenant covenant further underpinning the premium offering underway. Having pre-leased two-thirds of the office space well-ahead of scheduled completion in 2025, our conviction for the need to modernise office portfolios and offer the latest in building technology remains strong, benefitting CPOF investors and our tenant customers.”

With innovative technology throughout the building, an integrated wellness centre and business hub, and extensive natural light complemented by vibrant outdoor spaces, the building has been designed to deliver exceptional customer experience at every level.

The 60-metre Queen Street frontage and additional retail laneway will further contribute to the revitalisation of Queen Street and enhance the pedestrian experience through improved connectivity.

360 Queen Street is targeting:

- Platinum WELL Core and Shell rating,

- Climate Active Carbon Neutral building certification,

- 100% green power for all base building power,

- 6 Star Green Star Building rating,

- 5 Star NABERS Energy rating,

- 4 Star NABERS for Water, Waste and IEQ.

360 Queen Street was designed by Blight Rayner Architects. It is currently being constructed by Hutchison Builders, with practical completion expected in 2025.

CBRE acted as broker on the transaction.

More information on 360 Queen Street can be found here.