Charter Hall to increase QLD investment

Charter Hall Group has announced that its unlisted wholesale partnership, Brisbane Square Wholesale Fund, has entered into an exclusive heads of agreement with Q Super to pre-lease Charter Hall’s proposed Brisbane Square Tower 2.

Charter Hall said the tower was a proposed new office building in Brisbane’s CBD’s Norther Quarter Precinct, and would increase the firm’s total investments in Queensland to over $3 billion.

The project is forecast for completion in the second half of 2020 and will accommodate a consolidation of Q Super’s four existing office facilities in Brisbane.

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Charter Hall chief executive and managing director, David Harrison, said: “This unique gateway site will provide Q Super with iconic office solution providing their people and members with a great workspace experience”.

“The delivery of what will be a premium addition to the Brisbane CBD skyline will showcase Q Super and a revitalised Brisbane CBD,” he said.

“The project will increase our total investments in Queensland beyond $3 billion.”

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