Cbus Property, Nielson Properties, shortlist global architects for $600 million Brisbane CBD office

Cbus Property and Nielson Properties have shortlisted four teams of global architects to design the $600 million 205 North Quay office in the Brisbane CBD. They are: Hassell, Rex (which is based New York) and Richards & Spence; Cox Architecture, SOM (Chicago) and Rapt Studio; BVN and SHoP Architects (New York); and Architectus and WOHA

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CBUS Property Buys Former North Brighton Croquet Club

CBUS Property, a subsidiary of industry superannuation fund CBUS, has seized control of one of bayside Melbourne’s most controversial development sites – the disused North Brighton Croquet Club, in Warleigh Grove.

CBus, which represents workers in the construction and building industry, has paid $18.6 million for the 9015 square metre site and, having grabbed the mallet proverbially, immediately pitched plans to build a high-end, high-density residential complex with flats and townhouses.

The completed product could have an end value of more than $150 million, sources speculate, making it one of the biggest projects to start construction in Melbourne’s bayside suburbs.

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CBUS to Build New NAB Office at Docklands

DEVELOPER CBus Property has secured the National Australia Bank as tenant for an as-yet-undeveloped office in Docklands.

The 61,000 square metre, 15-level tower is set to be developed at 700 Bourke Street, and near National Australia Bank’s world headquarters, on Victoria Harbour (at 800 Bourke Street) which it first committed to a decade ago.

The new building will also include a child care centre, and retail, according to a CBUS media release, and published on the Melbourne Docklands website.

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CBUS Buys Half Share in 171 Collins Street Development

171 Collins StreetAS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.

CBUS has paid Sydney-based owner Charter Hall $15.5 million, to take its share in the $280 million office development, which challenged a previous planning precedent, restricting height around the “Collins Street spine”.

It’s understood the developers are targeting the National Australia Bank which has a 40,000 to 60,000 square metre requirement in the market at the moment.

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Macquarie to Sell Half Share Interest in 171 Collins Street Development to CBus

171 Collins Street proposalMACQUARIE Office Trust is believed to be selling a half share interest in a proposed $260 million office, in Collins Street’s “Paris end”, to CBus Property.
Sources say Macquarie will reap between $15 million and $20 million for a 50 per cent stake of the 171 Collins Street office proposal, which set a landmark planning precedent last July, by more than doubling the regulated height of a building in the “Swanston Street spine”.
Earlier this year, Macquarie lodged an application to add an 18th level to the proposed glass building, bringing the total lettable commercial and retail area to about 42,329 square metres. 

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David Jones selling historic Bourke Street Mall menswear store for $121m

Newmark Capital is paying $121 million for the prominent David Jones menswear store in Melbourne’s Bourke Street Mall. The deal, mooted in early April, follows a public sales campaign launched last December. However a few months earlier, a pre-marketing announcement about the listing was leaked. In both cases, the historic seven level, 11,814 sqm building

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Pask Group paying c$22 million for RANZCOG’s East Melbourne HQ

EXCLUSIVE The Royal Australian and New Zealand College of Obstetricians and Gynaecologists (RANZCOG) is selling its East Melbourne headquarters to Queensland developer Pask Group. College House, at 254-260 Albert Street, is trading for about $22 million. Opposite Fitzroy Gardens, the RANZCOG site includes a double-storey residence-converted-office, constructed in 1873 – which can’t be razed. However,

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