Construction has commenced for the new $15 million 375 MacArthur commercial office project as part of the Northshore Hamilton Business and Technology Park in Queensland.
Treasurer Curtis Pit said the wider Northshore urban renewal project started by the former Labor Government in 2008 is a case study in how governments can work with the private sector to achieve significant outcomes.
“This previously underused 304-hectare former industrial and port precinct with a 2.5km frontage to the Brisbane riverfront has since been undergoing a remarkable transformation.
“Through a master planning and staged development process overseen by the state government’s Economic Development Queensland it is becoming a residential and retail and commercial hub as well as home to about 15,000 Queenslanders.
“The total Northshore project has an estimated value of $5 billion, with about $250 million of development already completed.”
Mr Pitt said 375 MacArthur would offer a first-class business environment as part of the Northshore Hamilton Business and Technology Park known as BTP Northshore Hamilton.
“The new building will provide 2,092 sqm of premium office space and during construction over the coming 12 months will create 40 full-time, onsite jobs,” Mr Pitt said.
“The park is a $225 million project and is a terrific investment for Queensland jobs and industry.
“The precinct is designed to offer a wide range of uses, including office, laboratory, technical and storage space.
“It’s state-of-the-art in both design and construction, and will help grow innovation and attract investment to build a better future for Queensland,” Mr Pitt said.
Other projects already developed at BTP Northshore Hamilton include:
- 371 MacArthur Avenue (2,766 sqm)
- The Petit Early Learning Centre at 405 MacArthur Avenue (900 sqm)
- Puma Headquarters at 365 MacArthur Avenue (5,558 sqm).
Over the next five years more than 30,000m2 of additional floor area will be constructed in BTP Northshore Hamilton.
BTP Northshore Hamilton is being developed by the Alceon Group and Graystone, in conjunction with Economic Development Queensland.
The park is strategically located between Brisbane’s CBD, Australia TradeCoast and the Brisbane Airport.
“In addition, the entire Northshore project is not far from a new Brisbane International Cruise Ship Terminal — another example of the Palaszczuk Government’s cooperative approach to business and development,” Mr Pitt said.
“The $100 million terminal is proposed for a site on the north side of the Brisbane River and close to its mouth.
“The concept is moving through the government’s Market-Led Proposals process that speeds up assessment and approval of private sector projects,” he said.