The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
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
RetailTaryn ParisMon 12 Sep 22

CIMIC Lists Final Hamilton Harbour Development

CIMIC Group has signalled its confidence in Brisbane’s fringe office market, listing a 14-storey commercial tower it is yet to break ground on. 

Australia’s biggest construction firm, formerly Leighton Holdings, lodged plans for KSD2, a Cox Architecutre-designed commercial tower at 12 Hercules Street on a 2325sq m site earlier this year, but is yet to receive approval from Economic Development Queensland.

The development is being listed on a fund-through offering, which is subject to development application approval, according to Cushman & Wakefield agent Mike Walsh, who is marketing the property alongside Peter Court and Frederic Le Fanue.

It is the fifth and final portion of the Hamilton Harbour redevelopment, which was originally masterplanned by Cox in 2008.

Walsh said KSD2 was expected to have an estimated end value of $160 million upon completion in 2026. 

The Hamilton Northshore area has been earmarked for the 2032 Olympic Games athletes village and is expected to become a hub of activity between the airport and Brisbane’s CBD in the lead up to the Games. 

“This new office tower is located in one of Inner-Brisbane’s most exciting and promising urban renewal precincts,” Walsh said. 

“It offers a proxy for exposure to bond-like inflation protected income security, with the lease underpinned by CIMIC Group Operating Companies for at least 10 years post practical completion in 2026.”

The commercial tower will comprise 14,307sq m of commercial space with three retail tenancies at the ground plane, a rooftop terrace and 170 car parking spaces. 

Cushman and Wakefield agent Peter Court said the precinct would be a gateway to the CBD and the new commercial tower would be targeting green credentials and depreciation benefits. 

“Brisbane is experiencing a major growth phase underpinned by historic interstate migration, more than 100,000 jobs created since March 2020 and generational infrastructure investment including the Airport runway duplication and preparation for the 2032 Brisbane Olympics,” he said.

The Hamilton Harbour development already included 600 residential apartments, a five-storey commercial building and a significant retail offering, which included medical, dental, food and beverage, and a Woolworths Metro. 

According to the architectural report the building will offer views in nearly all directions, with three street frontages and an “integrated and fully activated hub”.

The property is being offered for sale on a fund-through basis via International Expressions of Interest, which close at 4pm on October 20. 

RetailResidentialOfficeInfrastructureBrisbaneAustraliaReal EstateSector
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The property giant’s strategic shift to higher density is in full flight as details of two landmark projects are made pu…
LATEST
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/hamilton-harbour-cimic-lists-commercial-tower