Australia: Construction to being on Brisbane’s tallest skyscraper

April 8, 2015

Did you know?, International

Australia: Construction to being on Brisbane’s tallest skyscraper

Skytower

Kristian Silva
Brisbane Times

It is set to tower over Brisbane’s CBD, but only a third of the investors who have bought a slice of the Skytower are actually from the Sunshine State (Queensland).

Construction is only weeks away from beginning on the city’s tallest skyscraper, a 274-metre (898.95 feet) high tower at 222 Margaret Street that will house 1119 apartments.

Sydney-based property developer Billbergia and investment company AMP Capital are behind the project, built by Hutchinson Builders.

AMP fund manager Warwick Petschack said about 550 apartments had been sold. He said roughly a third of investors were from Brisbane, 20 per cent from overseas and the rest from interstate.

Eight levels of underground carparks have been completed, and the builders will now begin laying the foundations before the tower takes shape and the first residents move in by 2017.

Skytower will be the city’s tallest building until another development at 300 George Street reaches the 274 metre mark (898.95 feet), which is the maximum height permitted in Brisbane because of aviation regulations.

The two sites will be Australia’s equal third tallest skyscrapers behind the Gold Coast’s Q1 and Melbourne’s Eureka Tower.

The Skytower project features mostly one and two-bedroom apartments, with prices starting from $425,000. The second stage of apartment sales is set to begin this weekend.

Another development next to Skytower at 111 Mary Street is expected to be a luxury hotel. The site was owned by Billbergia and AMP Capital before it was sold last September.

Skytower
___
Video: Brisbane Skytower

___

Brisbane
Greater Brisbane population: 2,065,996

Brisbane

Brisbane

Brisbane

About Dilemma X

Dilemma X, LLC provides research dedicated to the progression of economic development. Our services aid clients in enhancing overall production statistics. Please visit http://www.dilemma-x.com for more information

View all posts by Dilemma X

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: