Brisbane Office Tower

Federal Gov’t Restarts Hunt For Brisbane Office Tower

AUSTRALIA – Sources revealed that a Federal Government agency has restarted its hunt for a 35,000 sq m office within Brisbane’s CBD, where it can consolidate operations from 6 offices, and which can accommodate up to 3,000 civil servants, according to a recent report from The Australian.

The shortlist of office buildings that meet its requirements is believed to include Charter Hall’s proposed 25-storey office tower along 343 Albert Street, Investa and Charter Hall’s proposed 28-level building in 360 Queen Street, as well as Cbus and Nielsen Properties planned 38-storey office tower in 205 North Quay.

Another is ISPT’s long-mooted 40-storey skyscraper to be built on the former Regent Cinema site in Queen Street Mall, and Mirvac’s proposed A$670 million office tower in 168-200 Turbot Street, which is the site of the University of Queensland’s Dental School.

Notably, Services Australia (formerly known as Department of Human Services) started looking for a new office 18 months ago, but cancelled its search before the COVID-19 pandemic struck.

The move is in line with the agency’s rationalisation of its offices across Australia. It also recently pre-committed a A$450 million office tower owned by Charter Hall within Adelaide’s CBD along 60 King William Street.

Established in 2020, Services Australia provides social security services via federal government programs and brands, such as Medicare, Centrelink, Hearing Australia, and Pharmaceutical Benefits Scheme (PBS).

Meanwhile, Australian engineering behemoth Worley Parsons is said to be searching for an office spanning from 4,000 sq m to 5,000 sq m. While it’s considering 12 Creek Street, there’s no shortlist of suitable properties yet.

On the other hand, KPMG is in the midst of finalising its selection of a 7,500 sq m office. Sources privy to the matter shared that the accounting firm will likely have 3 options: relocate to Midtown Centre, remain at Riparian Plaza, or transfer to 123 Albert Street. The last one is currently occupied by Rio Tinto, but it will soon move out to Midtown Centre.

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