_324 Queen Street, Brisbane, signs eight deals in five months

Thanks to a host of recent refurbishments, 324 Queen Street has successfully completed around 2,300sqm of leasing commitments since June 2017. A very impressive feat given the current market conditions.

The 26-storey, 106-metre high building was purchased by Investec Australia Property Fund and Abacus in late 2016. The new owners have since made significant building upgrades, including new display suites, new end-of-trip facilities installed, and refurbished amenities. 

For any property owners wondering whether refurbishment pays off – it absolutely does. Since its upgrades were completed, 324 Queen Street has secured a high volume of leasing deals, now outperforming the market while boasting an affordable average rental rate per sqm of $625 gross.

What the new owners have been able to achieve through this refurbishment is regenerate the building’s identity as a genuine prime grade alternative. The exceptional presentation of the new floors in tandem with the upgraded ‘End-of-Trip’ caters to staff needs, while still sending the right impression to their clients.

The whole of level 17 was split into four new display suites, each of its own unique design. Another four suites are under construction on Level 23, with three of these already pre-committed. In addition to new tenants, a further 4,600sqm has been renewed by existing tenants in the building. 

Centrally located on the corner of Queen and Creek Street, one of the busiest intersections in the heart of the financial precinct, 324 Queen enjoys high visibility and easy access via public transport. With a recently refurbished foyer, light filled offices and a NABERS rating of 3.0, 324 Queen is fast becoming one of Brisbane CBD’s most sought after B+ grade office buildings.