Queensland Fire on move after controversial sale
The Queensland Fire Department – the incoming name for Queensland Fire and Emergency Services – has leased the ex-TAB Building, in Albion, which is undergoing an A-grade renovation.
The 10 year agreement for 240 Sandgate Road comes eight months after the division sold its former Sandgate Fire and Rescue Station for $726,000.
That buyer, the Catholic church, recently applied to develop a showroom investment there.
It purchased the property four years after state MP Stirling Hinchliffe told locals it would be retained for community use.
A 2021 gifting to local disability charity, All About Living, didn’t proceed.
Queensland Fire HQ
Diversified investment house Alceon – which holds Décor amongst its many brands, bought 240 Sandgate Rd for $33.35m in March, 2021.
Covering up to about a fifth of the 1.13 hectare block, the 1970s ex-TAB Building with 8760 square metres over 10 storeys will be 5-star NABERS rated.
Queensland Fire is speculated will pay starting net annual rent of c$600 per sqm, per annum, following a deal by Aegis Property Group’s Mitch Connell (story continues below).
More than 500 staff are expected to be based there.
The office forms part of a $200m mixed Hudson Commons, with another commercial building, rising seven floors, a 15 storey apartment complex, retail and basement parking
“South east Queensland is one of the fastest growing regions in the country and as a result there is a constantly increasing demand for infrastructure functions supporting that growth,” Alceon Queensland executive director, Todd Pepper, said.
“This lease to QFES is Alceon Queensland’s largest suburban lease commitment to date,” he added.
“Alceon Queensland has been developing suburban office buildings since inception in 2008, under the thesis that energy efficient, A-grade office buildings in suburban locations, at the nexus of major arterial thoroughfares and with access to car parking and public transport will always have demand in a growing catchment,” according to the executive.
Albion is four kilometres north of Brisbane’s CBD.
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