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Commercial property development kicks off in Brisbane

On Mar 05 2013
Tagged as:
  • QLD


Queensland's largest commercial property development - 1 William Street - is underway, after ...

Queensland's largest commercial property development - 1 William Street - is underway, after the first sod was officially turned yesterday (March 4).

Minister for trade Tim Nicholls, who oversaw the milestone with deputy premier Jeff Seeney, said the project will generate economic benefits for the state.

"More than 1,000 direct jobs per year will be required on site as the development proceeds, which will also have a positive impact on indirect jobs and the overall economy," Mr Nicholls commented.

"At present, between consultants and the main contractor, there are more than 200 people working on the early stages of the project."

Sprawling over 75,000 square metres, the tower will become home to the Queensland Public Service, as well as private retailers.

Investors looking to snap up commercial retail property in the heart of Brisbane may be interested in the development, with it also boasting more than 1,000 square metres of retail space and 15,000 square metres available for private sublease.

Due for completion at the end of 2016, major works will be undertaken over the next ten months, Mr Seeney explained.