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HS Brisbane Property
0419 782 133
+61 (0) 7 3254 0888
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PO Box 15301
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Construction Phase Kicks Off On $3.6B Queen’s Wharf

The excavation phase has progressed to the construction phase with the first of ten cranes being installed on the Queen’s Wharf development site this week, reports brisbanedevelopment.com.

 

The crane situated between Queen’s Wharf Road and William Street will be used to construct the first of two towers for the Star Grand Hotel. 

 

Once complete, the development will comprise of 26 hectares across land and water  (equivalent to 12 football fields) which includes a casino, hotels, dining, entertainment and parklands.

 

The excavation phase will be completed by the end of June, with nearly 400,000m3 of material being removed, with much being re-used by Brisbane Airport to build the $300 million Auto Mall.

 

Premier Annastacia Palaszczuk said the project will transform the CBD and create many jobs. 

 

“At peak construction there will be as many as 2000 workers on site and once completed Queen’s Wharf will create up to 10,000 more jobs.

 

“The vibrant Queen’s Wharf precinct will feature new stand-out, signature infrastructure that will grow and enhance our tourism industry.”

 

Tourism Minister Kate Jones said we’ll see an extra 1.39 million tourists and a $1.69 billion increase in spending as a result of the new development. 

 

Hannah Schuhmann says the progress of the $3.6 billion project is great for the Brisbane CBD, especially the property market. With CoreLogic-Moody’s Analytics predicting a 5.6% increase in CBD apartment values in 2020, followed by a further 5.8% rise in 2021, we anticipate investors will be taking considerable interest in the city in the coming months.

 

For a complete update on the Queen’s Wharf development including concept images and masterplan, visit  https://brisbanedevelopment.com/queens-wharf-precinct/

 

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