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$670 Million Office Redevelopment – Turbot Street, Brisbane City


The Queensland Government has secured a conditional agreement with Mirvac property group a the redevelopment of 200 Turbot Street, which was formerly leased to The University of Queensland Dental School.

Steven Miles, Deputy Premier and Minister for State Development outlined that the proposed $670 million redevelopment of 200 Turbot Street in Brisbane’s CBD are one step closer, with the agreement providing Mirvac  leasing exclusivity to secure pre-commitment for a new commercial office tower.

“Queensland is getting on with our economic recovery by supporting job-generating projects”.

“Following a competitive bidding process, the Queensland Government is pleased to have secured a conditional agreement with property group Mirvac for the redevelopment of 200 Turbot Street”.

“The major redevelopment is estimated to support about 360 jobs per year over a proposed three-year construction phase”.

“Redevelopment of the site is conditional on Mirvac securing arrangements that will ensure the site becomes a vital part of Queensland’s commercial sector and stimulates construction activity,” Mr Miles said.

The redevelopment of the site could also create options for the renewal of the neighbouring heritage-listed former Brisbane Dental Hospital at 168 Turbot Street, also owned by the Queensland Government.

Grace Grace, Member for McConnell outlined that the project was a major win for Brisbane’s CBD.

“Thanks to our fantastic health response, Queensland has been able to get back on our feet quicker than other parts of the world”.

“Our message is clear; Brisbane is open for business and we welcome the investment”.

“These projects, along with the Queens Wharf development will really change the face of Brisbane and bring many jobs to our city”.

“This kid of investment is keeping Queenslanders in jobs and supporting our communities as we Unite and Recover for Queensland Jobs,” Ms Grace said.

Brett Draffen, Mirvac’s Chief Investment Officer outlined that the agreement enables Mirvac to develop a world-class workplace precinct that, along with its 80 Ann Street development for Suncorp will enhance the quality of the group’s office portfolio under a capital-efficient structure that minimises risk.

“200 Turbot offers the exciting potential to deliver a premium office development for Brisbane”.

“We expect a building of this quality, in this unique CBD location, together with the opportunity for large floor plates, to attract a high calibre of tenants”.

“The building will also benefit from significant government investment in local infrastructure including Cross River Rail, Brisbane Metro and Brisbane Live”.

“We look forward to working with the Queensland Government, Brisbane City Council and our future occupants to co-create a next generation workplace that responds to the needs of a post-COVID-19 workforce and enhances the Brisbane CBD,” Mr Draffen said.

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Source: Information, Drawings and Images
All article information is sourced and available for review from referenced locations.
– Media Statement: Multi-billion-dollar Brisbane development forges ahead
– Interactive Image: Google Aerial and Streetview

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News articles are presented in an unbiased manner from information publicly accessible that include referenced links for the reader to obtain any further information. The facts of the proposed government projects, media releases, school upgrades and development applications are based on the available information at the time of the published date, with information sourced directly from company websites, media releases and development application material. We reference all our information at the end of the articles and promote the creators with website back links.

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