| 160 Ann Street, Brisbane | |
|---|---|
 160 Ann Street, Brisbane | |
 | |
| General information | |
| Type | Office tower |
| Address | 160 Ann Street, Brisbane, 4000 Queensland |
| Coordinates | 27°28′01.5″S 153°01′27.4″E / 27.467083°S 153.024278°E |
| Current tenants | Suncorp Corporate Services,[1] Xstrata Technologies, CQU,[2] Department of Health and Ageing,[3] Shine Lawyers.[4] |
| Completed | 1972 |
| Owner | CorVal |
| Management | CorVal Partners |
| Technical details | |
| Floor count | 23 |
| Floor area | 16,304 m2 (175,490 sq ft) |
160 Ann Street, Brisbane is an office tower located in the heart of central business district (CBD) of Brisbane, Queensland in Australia and adjacent to the Brisbane River. In addition to its 16,304 square metres of office space spread over 23 stories and two parkings, 160 Ann Street offers immediate access to Central Railway Station, King George Square busway station, and the Queen Street Mall. After its completion in 1972, the tower was owned successively by Australian companies Zurich Australia Insurance, Precision Group, Investa Property Group, and CorVal Partners.[5][6][7][8]
History edit
After its creation in 1972, 160 Ann Street, Brisbane was successively acquired and sold by local companies amid the thriving market of the CBD.
In November 1995, Zurich Australia bought the 160 Ann Street complex for $41.75 million.[5]
In May 2005, Zurich Australia Insurance sold the building to Precision Group, a private investment company owned by Shaun Bonétt at $50 million. The high-rise building was Zurich's last non-core asset. Precision's deal closed after it tendered its interest for the property through Colliers International and Knight Frank. [9]
In 2006, Precision Group acquired the MacArthur Central Shopping Centre from the Investa Property Group for $119.5 million by swapping 160 Ann Street, valued at then $66.5 million.[10][11][7] The transaction, valued at $186 million, was considered one of the largest property swap transactions in Australian history at that time.[10]
In 2009, Richard Hyde, Indrika Rajapaksha, Upendra Rajapaksha and Ken Yeang, Professors and Architects at the University of Queensland initiated a large scale research and renovation project of the 160 Ann Street building. This project main purpose was the application of bioclimatic concepts, principles and strategies for large-scale buildings. It was funded by the public program Australian Research Council (ARC). The building was considered as a “critical case” representing common physical and operational characteristics.[12]
In 2012, CorVal Partners, a property funds manager, bought the160 Ann Street office tower from Investa for $82 million.[13][8][14]
Major tenants edit
The current tenants of of the 160 Ann Street tower are Suncorp Corporate Services,[1] Xstrata Technologies, Central Queensland University, the Department of Health and Ageing,[3] and Shine Lawyers.[4]
Gallery edit
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160 Ann Street aerial view. -
160 Ann Street view from a street angle. -
160 Ann Street restoration plan. -
Ann Street, Central Station
External links edit
References edit
- ^ a b "Suncorp growth prompts national workplace design program".
- ^ "CQUniversity Brisbane".
- ^ a b "Department of Health and Ageing - Queensland Regional Office".
- ^ a b "Shine Lawyers Brisbane".
- ^ a b Mac Dermott, Kathy (26 May 2005). "Precision buys Brisbane office". The Australian Financial Review.
{{cite news}}:|access-date=requires|url=(help) - ^ Wilson, Ben; Cranston, Matthew (11 October 2012). "Corval Buys Bris Tower" (PDF). The Australian Financial Review. Retrieved 19 July 2015.
- ^ a b Hele, Michelle (26 May 2006). "Precision gains MacArthur, with a trade-in". The Courier-Mail. p. 86.
- ^ a b Carter, Bridget (November 29, 2012). "Chinese firm buys city office site". Australian Financial Review.
- ^ Wilson, Bob (27 May 2005). "PRECISION Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million". The Courier-Mail.
- ^ a b Allen, Lisa (25 May 2006). "Precision swaps offices for shops". The Australian Financial Review. Retrieved 19 July 2015.
- ^ Manning, Paddy (25 May 2006). "Precision-Investa swap sealed". The Australian. p. 25.
- ^ Hyde, Richard; K. Yeangbc, K.; Groenhoutd, N. (June 2011). "Exploring Synergies with Innovative Green Technologies for Advanced Renovation using a Bioclimatic Approach". Architectural Science Review. 52 (3): 229–236.
- ^ Cranston, Matthew (September 4, 2014). "Law firms take shine to Brisbane office glut". Australian Financial Review.
- ^ Herde, Chris (2012). "CorVal fitout seeks to add value" (PDF). The Courier-Mail.
Category:Office buildings in Brisbane Category:Skyscrapers in Brisbane Category:Brisbane central business district Category:Ann Street, Brisbane Category:Commercial buildings in Queensland Category:Office buildings completed in 1972