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Old August 8th, 2011, 10:23 AM   #1
KJBrissy
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#UC: 480 Queen Street - 34st/153m/office

Suncorp are consolidating all of their CBD space. Grocons site at 480 Queen is one of the short listed developments.
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Old August 8th, 2011, 10:52 AM   #2
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Quote:
Originally Posted by KJBrissy View Post
Suncorp are consolidating all of their CBD space. Grocons site at 480 Queen is one of the short listed developments.
This would mean a big tower wouldn't it?
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Old August 8th, 2011, 11:05 AM   #3
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They are after very big floorplates, but yes, it could be. I think they are after 55,000sqm.
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Old August 8th, 2011, 03:45 PM   #4
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I think the Southpoint site at Southbank is the most likely site. It fits their brief better than almost all the others (especially the CBD sites) and it's in a far better location than their first preference at the RNA grounds.

Trilogy is possible, but I sincerely hope not. That site needs a signature tower or nothing.
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Old August 9th, 2011, 12:02 AM   #5
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I know we are getting a little off topic, however I thought 480 Queen Street could get a massive amount of office space in a podium. If they topped it off with a hotel and some apartments, it could still be quite a large tower.
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Old August 9th, 2011, 12:32 AM   #6
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Grocon won't put anything on top. It will be a purpose-built office and no more (ATO style).

Suncorp wanted a site that was as close as possible to a "campus style" development. They rejected innumerable offers from CBD tower developments. They want a 3,000m2 floor plate. They are preferencing sites just outside the CBD. The fact that Grocon still have not bought the site, nor have they submitted any DA is a big problem too. Same deal as with Leighton's bid.
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Old August 9th, 2011, 02:16 AM   #7
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Quote:
Originally Posted by Marty_ View Post
Grocon won't put anything on top. It will be a purpose-built office and no more (ATO style).

Suncorp wanted a site that was as close as possible to a "campus style" development. They rejected innumerable offers from CBD tower developments. They want a 3,000m2 floor plate. They are preferencing sites just outside the CBD. The fact that Grocon still have not bought the site, nor have they submitted any DA is a big problem too. Same deal as with Leighton's bid.
I've heard that the Grocon bid was the only one which couldn't achieve the 3,000sqm floorplates, so may be more of a tower form rather than a stumpy block.

I can't remember exactly but recall hearing that the Grocon proposal housed the 35,000sqm Suncorp requirement within an overall 50,000sqm tower.
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Old August 9th, 2011, 04:09 AM   #8
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Quote:
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I've heard that the Grocon bid was the only one which couldn't achieve the 3,000sqm floorplates
The only other one in the top 5 would be the dental school site.
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Old August 9th, 2011, 04:20 AM   #9
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So, are we expecting Brisbane Square to be half empty soon?
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Old August 11th, 2011, 02:23 PM   #10
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Quote:
Originally Posted by Marty_ View Post
Grocon won't put anything on top. It will be a purpose-built office and no more (ATO style).

Suncorp wanted a site that was as close as possible to a "campus style" development. They rejected innumerable offers from CBD tower developments. They want a 3,000m2 floor plate. They are preferencing sites just outside the CBD. The fact that Grocon still have not bought the site, nor have they submitted any DA is a big problem too. Same deal as with Leighton's bid.
I've heard the Grocon DA for 480 Queen is imminent. I've also been fortunate enough to see the plans and hear abit about their proposal. Suncorp wouldnt be the only tenant, the building is sort of split into two buildings, ones for Suncorp ones for other tenants. It's no Signature building but if you worked for Suncorp you would be suitably impressed.
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Old August 11th, 2011, 02:24 PM   #11
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Quote:
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So, are we expecting Brisbane Square to be half empty soon?
Suncorp are keeping their lease in Brisbane Square, its their other 5 buildings (I think its 5) which have leases that run out over the next 4 years.
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Old August 11th, 2011, 03:17 PM   #12
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Quote:
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I've heard the Grocon DA for 480 Queen is imminent. I've also been fortunate enough to see the plans and hear abit about their proposal. Suncorp wouldnt be the only tenant, the building is sort of split into two buildings, ones for Suncorp ones for other tenants. It's no Signature building but if you worked for Suncorp you would be suitably impressed.
Thanks Yuma. How tall?
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Old August 11th, 2011, 04:02 PM   #13
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Quote:
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I've heard the Grocon DA for 480 Queen is imminent.
It is only imminent IF they get the Suncorp deal. Remember they only have an option over the site.
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Old August 12th, 2011, 03:44 AM   #14
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When is Suncorp giving the green light? If it's not today, then it looks like Grocon is going ahead regardless. DA: A003148514 for 480 Queen St lodged today. No docs up yet.
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Old August 12th, 2011, 03:54 AM   #15
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#Proposed: 480 Queen Street - 36st/146m/office

Thanks Nathan:

Quote:
Originally Posted by nathandavid88 View Post
When is Suncorp giving the green light? If it's not today, then it looks like Grocon is going ahead regardless. DA: A003148514 for 480 Queen St lodged today. No docs up yet.
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Old August 12th, 2011, 03:56 AM   #16
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Obviously Suncorp have made their decision. Grocon wouldn't waste money on DA fees if they didn't get the go ahead.
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Old August 12th, 2011, 04:33 AM   #17
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i am guessing the assessment fee for a 30,000sqm+ office building is not cheap... does grocon know something everyone else doesn't??
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Old August 12th, 2011, 04:51 AM   #18
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Quote:
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I It's no Signature building but if you worked for Suncorp you would be suitably impressed.
Is it short? this site really needs a signature building and I will be disappointed if it gets anything less considering the scarcity of quality development sites.
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Old August 12th, 2011, 04:56 AM   #19
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Why not? Plenty of companies propose office towers and then search for someone to lease it to.
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Old August 12th, 2011, 05:10 AM   #20
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Regardless, I just hope we get something decent out of them! I don't want Grocon doing to this site what they did to Empire Square!
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