The decision was between AJG’s Southpoint and Grocon’s 480 Queen Street proposal. Suncorp has decided to take up 33,600 square meters of stage one which will be a $350 million, 18 storey office tower built by Brookfield Multiplex.
The lease will be 15 years and will bring together 3000 Suncorp staff from up to 10 different offices spread across Brisbane. Suncorp will spend up to $80 million on its new office fit out, while rents were rumored to be negotiated at $600 a square metre.
Suncorp chose Southpoint as their new home because the company wanted to make a visible statement as well as a cultural shift to a new exciting environment. The development has been designed by architectural firm Jackson Teece who originally worked on a design concept for the Southpoint project.
Anthony John Group Founder and Principal Tony John said AJG was committed to delivering outstanding design outcomes and saw the Suncorp brief for a Campus Building as a perfect fit.
“Southpoint is unquestionably in the best location for this style of accommodation in Brisbane and offers Suncorp the opportunity to leverage a building’s design, operations and the amenity of the location to help transform the culture of their workplace” , he said.
Mr. John said that Southpoint will bring together what will be a uniquely Queensland Development.
“A Queensland based developer, a Queensland iconic building purpose designed in a Queensland precinct that is the cultural and sentimental heart of Brisbane in a partnership with Queensland’s largest corporate”.
Stage 1, to the South of the site and incorporating the heritage-listed Collins Place will be a 43,000 sqm A- grade commercial office building anchored by Suncorp which will pre-commit to 70% of the commercial space.
This 18-storey office building will be built to a 6 Star, Green Star (Green Building Council of Australia) standard and be designed to deliver an excellent standard of performance relative to its operational impacts on the environment.
Directly below the office component will be two levels of retail, including a neighbourhood-style retail offering and a 1700sqm full-range supermarket. Stage 1 will also include a major upgrade to the SouthBank Rail Station, including new station facilities, ticket office, sheltered passenger waiting areas and retail concourse
Stage two of the development will comprise of 179 residential apartments, a 178 five star boutique hotel which will become Brisbane’s second Emporium Hotel, cafes, restaurants, bars and a day spa.
Southpoint had already received planning approval from the South Bank Corporation, therefore it was seen as a more stable choice. With approval given, and a major anchor tenant now in the bag, it won’t be too long before we hear the rumble of construction.
Premier Anna Bligh today said, “My understanding is this will be one of the most significant non-CBD developments in Brisbane’s history.”