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Investa unveils major foyer refurbishment at 259 Queen Street

People & Companies / Latest News

Australia / Brisbane

Jun 16 2017

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On Thursday evening, Investa Commercial Property Fund (ICPF) unveiled its extensive foyer refurbishment of its A Grade, 16-level office building at 259 Queen Street in Brisbane’s CBD, at an exclusive on-site event. Guests included Jonathan Callaghan Investa’s Chief Executive Officer, ICPF Fund Manager, Jason Leong and other key stakeholders, including incoming anchor tenant NAB and other Federal and State Government tenants.

Designed by Cox Architecture, the refurbishment saw an extensive upgrade to the foyer, integrating the building sympathetically with the heritage façade of the adjacent General Post Office (GPO) via a glass canopy, creating a modern, light-filled entrance.

The foyer to the flagship building in Brisbane’s Golden Triangle now also includes direct access to a 70 seat café, a concierge and destination lifts, delivering enhanced service, amenity and connectivity to tenants in the building. In line with Investa’s commitment to enhancing tenant health and well-being across its portfolio, 259 Queen Street’s end-of-trip facilities are also planned for an upgrade. The proposed new facilities will include 150 bicycle spaces, 200 lockers and upgraded change rooms. Value-add services including a towel service, bike servicing, drying room and dry cleaning will also be offered as part of the new facilities to enable easy transition between work, exercise and after-work activities.

Jason Leong, Fund Manager, ICPF said: “We are delighted to unveil the new 259 Queen Street after a number of years of careful planning. The improvements to the building benefit not only tenants and visitors, but also the wider CBD community. The integration with the adjacent GPO provides vital connectivity to the retail and food outlets of the Golden Triangle and Eagle Street Pier.”

Our strategy as a long term owner is to add value and enhance our offering to tenants by strategically re-positioning our assets to create a highly desirable commercial address, which incorporates quality architecture and design and market leading service and environmental credentials,” said Mr Leong.

In addition to the foyer and end-of-trip facilities, Investa also upgraded key ESD features of the asset, including the installation of energy efficient lighting to reduce energy usage and reducing water consumption.

NAB is set to relocate 650 employees to the building in August 2017, with the commencement of its 10-year lease over 8,000 square metres of space on levels 15 to 19.

259 Queen Street comprises more than 24,780 square metres of net lettable area with large 1,500 – 1,600 square metre floor plates and 142 car spaces. It has a 5.0-Star NABERS Energy rating.

SOURCE: Press Release


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