Brisbane CBD set for billion-dollar boost

Two redevelopments worth almost $3 billion collectively and set to transform Brisbane city reached significant milestones recently.

The Queensland Government has secured a conditional agreement with property group Mirvac for the proposed $670 million redevelopment of 200 Turbot Street.

The $2.1 billion Waterfront Brisbane development of the Eagle Street Pier and Waterfront Place precinct has also received development approval from Brisbane City Council.

Deputy Premier and Minister for State Development Steven Miles said plans for a proposed $670 million redevelopment of 200 Turbot Street in Brisbane’s CBD are one step closer.

“Queensland is getting on with our economic recovery by supporting job-generating projects,” Miles said.

“Following a competitive bidding process, the Queensland Government is pleased to have secured a conditional agreement with property group Mirvac for the redevelopment of 200 Turbot Street.

“The major redevelopment is estimated to support about 360 jobs per year over a proposed three-year construction phase.

“Redevelopment of the site is conditional on Mirvac securing arrangements that will ensure the site becomes a vital part of Queensland’s commercial sector and stimulates construction activity.

Member for McConnell Grace Grace said both projects were a major win for Brisbane’s CBD.