The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THURSDAY, AUGUST 28, 2025
AFFORDABLE HOUSING SUMMIT THURSDAY, AUGUST 28, 2025
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterTue 01 Sep 15

Aurizon Signs For Massive New Ann Street Brisbane HQ

H

Prominent freight company Aurizon is set to call 900 Ann St, Fortitude Valley home after Consolidated Properties Group (CPG) secured a major lease pre-commitment for its landmark development, which will have the heritage-listed Holy Trinity Church precinct at its heart.

The 19,000 sqm transaction for the 15-level tower is the largest pre-commitment lease that has been signed in Queensland since 2013 and the second biggest in Australia this year, following the announcement that global networking site LinkedIn was taking a 25,000sqm space in Melbourne.

Listed property group Charter Hall introduced by JLL, has acquired the building for approximately $170 million, representing a 6.5% yield on a pre-sale and fund through basis, with CPG remaining as developerThe deal was concluded this week.

Construction will commence in March 2016 and finish in April 2018.

CPG’s Managing Director Retail & Commercial Kieran Cox said it was unusual for a pre-sale deal of this magnitude to be put together in just four weeks and the arrangement was only possible because of the long-standing relationships between the parties involved.

CPG secured a 110-year lease for the site, situated within the Holy Trinity Church precinct from the Anglican Church, and it will be developed as an urban oasis in the middle of Fortitude Valley.

The long-term future of the church will be secured by the tower development, which will be designed by leading architect John Wardle.

Mr Cox said the recent transaction was an extension of the relationships which existed between CPG, as the developer, Aurizon as the tenant, Hutchinson as the builder and Charter Hall as the financier and owner.

“In many ways the transaction is a natural evolution of existing relationships between us. Aurizon is currently tenanted in a Charter Hall owned building at 175 Eagle Street. This building, which has now become CPG’s new headquarters, was originally developed by us and built by Hutchinson Builders,” he said.

“Hutchinson Builders have also delivered the BOQ tenanted 100 Skyring project at Newstead for Charter Hall.

“And CPG also has a 15-year relationship with Charter Hall having previously sold eight shopping centres to the group.”

Mr Cox said he believed the key to the success of the transaction was CPG’s ability to broker a transaction which was a win-win for all parties while minimising their risk.

“For the landholders, the Anglican Church, it provided an enduring capital base for the heritage-listed, Holy Trinity Church to sustain itself into the future.

“For the tenant, Aurizon, the deal provided an opportunity to secure their long-term property requirements, while leveraging its blue-chip status in the current market to maximise incentives and a tenancy which delivers them their own modern bespoke building.

“Risks for Charter Hall as the building owner and financier have also been minimised given the building has been pre-leased to a blue-chip tenant." 

RetailAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
View All >
Broadbeach 38-40 Australia Avenue DA Approval render hero
Development

Tripling Down on Gold Coast Tower Plans Pays Dividends

Phil Bartsch
Billbergia Legacy HDA
Residential

Two 60-Storey MacPark Towers Fast-Tracked

Clare Burnett
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
NSW's planning changes are sparking growth in projects blending market and affordable homes, but challenges of complexit…
LATEST
Broadbeach 38-40 Australia Avenue DA Approval render hero
Development

Tripling Down on Gold Coast Tower Plans Pays Dividends

Phil Bartsch
2 Min
Billbergia Legacy HDA
Residential

Two 60-Storey MacPark Towers Fast-Tracked

Clare Burnett
3 Min
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/aurizon-signs-massive-new-ann-street-brisbane-hq