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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Westpac Building in Brisbane’s Queen Street Mall For Sale

QUEEN Street Mall’s prominent Westpac building has hit the market, and is expected to sell for about $40 million.

The nine-level Brisbane CBD building, developed in the 1930s, has been listed for sale by the family of late property developer Lou Ferro.

The building and an adjoining tower measure more than 6000 square metres, but will not be sold fully occupied.

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