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Old 6th March 2007, 08:00   #1
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Default Proposed» Trinity $900 Million Office Tower: (80,000sqm)


Quote:
Project Rundown

Status| DA Lodged, Awaiting Online submission

Location| 400 Queen St

Developer| Trinity Property Group

Height| 50 Floor estimate

Price tag| Unknown

Completion Date| Unknown

Project Site| Coming soon...

Sounds like it could be up to 50 storeys! If it is entirely Office it could be 250m to roof!

Trinity's $76.6m bulk buy
6 March 2007

LISTED property group, Trinity has splashed out $76.6 million on four buildings in the heart of Brisbane's "golden triangle" commercial precinct.

Trinity is planning a 70,000sq m tower on the site on the corner of Queen and Wharf streets.

Brisbane's golden triangle is set for rejuvenation in the coming years as several new office projects are announced.

The four adjoining buildings bought by Trinity make up a 2729sq m complex.

Trinity Group's head of property Bruce Baker described it as a "true iconic future development opportunity".

"The large corner site includes two street frontages and Brisbane River views, with the potential for retail, commercial and residential development," Mr Baker said.

"We have preliminary town planning advice that supports a tower with a gross floor area of up to 70,000 sq m," he said.

Any redevelopment would by "market led," he said.

However, the four buildings at 400 Queen St, 410 Queen St, 20 Wharf St and 26 Wharf St have been bought initially as an investment for the Trinity Stapled Trust.

The buildings are all fully leased but most of the leases are due to expire or are up for market rent reviews over the next 24 months, Trinity chief executive Ben McCarthy said.

"This will allow us to lift the buildings' rents to current Brisbane CBD market levels and realise strong short term growth," he said.

Hillsdon, a private investment company associated with Brisbane lawyer Paul Spiro, was the vendor in the deal negotiated by CB Richard Ellis agents Bill Tucker and Graham Russell.

Brisbane's tight CBD vacancy levels -- currently running at 1.7 per cent -- has led to renewed development interest in the golden triangle.

GPT is planning to build two office towers worth a combined $800 million.

And Stockland is planning a $300 million mixed-use tower development for its Eagle Street Pier sit
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Last edited by SoulVision; 19th August 2007 at 16:56..
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Old 7th March 2007, 01:52   #2
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Height possibilities:

1,000sqm floorplates (25x40) - 70 floors
3.3m - 231m
4.0m - 280m

1,250sqm floorplates (31.25x40) - 56 floors
3.3m - 185m
4.0m - 224m

1,500sqm floorplates (50x30) - 47 floors
3.3m - 154m
4.0m - 186m

I don't think its floorplates will be as large as Visions (50x30) and probably looking at a smaller size (30x40?) If its all office, we can expect a minimum of 185m, but I think Brisbane will get a fair deal with 3.6m floors over 56 levels, that should prop it to the 201m mark, which is Riparian's height, which sounds about right from what the developers are trying to pursue.
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Last edited by bluebreak; 7th March 2007 at 02:07..
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Old 9th March 2007, 00:32   #3
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Looks like our golden triangle is about to get even more crowded!
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Last edited by SoulVision; 29th March 2007 at 00:06..
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Old 8th May 2007, 14:30   #4
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Sounds cool
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Old 24th June 2007, 05:11   #5
Stop Traverston Dam!!!!
 
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In Prime Site it said that Trinity Property group has bought the neighbouring Office building to this for $40M.

They are starting to buy the whole block
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