Half a Billion Invested Around Brisbane’s Queen Street Mall This Year
HALF a billion has been invested around Brisbane’s Queen Street Mall this year.
ISPT has been the biggest player, spending $100 million refurbishing the Wintergarden Shopping centre which included building a colourful thatched façade. The Melbourne based company also purchased a half share of the Myer Centre for $366 million, and invested another $60 million on the Broadway on the Mall complex.
Toward the casino the Blackstone owned Balad is selling 60 Queen Street for an expected price of between $30 million – $40 million.
The Brisbane City Council is looking to replicate Melbourne’s successful laneway retail concept with the Burnett Lane complex.
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