480 Queen Street, Brisbane

Overview

480 Queen Street, Brisbane is a 32 level Premium grade office building. The building offers customers unique environments including a rooftop entertaining and function area as well as a publicly accessible above ground urban parkland. 480 Queen Street is truly unique with many wellbeing initiatives including an on-site fitness centre, end-of-trip facilities and childcare facilities.

Asset Information

  • Asset typePremium Grade - office
  • Year built2016
  • Asset locationBrisbane CBD
  • Site area (hectares)0.42
  • Lettable area ('000sqm)56.77
  • Lettable area adjusted for ownership ('000sqm)28.39
  • Typical floor area (sqm)1,731-2,849
  • Car parking spaces271
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDWPF
  • Major tenantBHP
  • Acquisition dateApril 2013
  • Book value at ownership ($m)323.5
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)323.5
  • Market cap rate (%)6.50
  • 12 month rolling yield (%)7.30
  • Leased by area (%)99
  • Weighted lease term by income (years)5.4

  • NABERS Energy rating (with Green Power)5.0
  • NABERS Energy rating (without Green Power)5.0
  • NABERS Indoor Environment6.0
  • NABERS Waste3.5
  • NABERS Water rating4.0
  • Green Star rating6.0 Star (Office As Built v3) 5.0 Star (Performance v1.2)
2017 - Beatrice Hutton Award for Commercial Architecture
480 Queen Street, Brisbane was awarded the Beatrice Hutton Award for Commercial Architecture
2017 - Category PanDomo, Surface Prep
480 Queen Street, Brisbane was awarded in the category PanDomo, Surface Prep 2017
2017 - QLD Development of the Year Award
480 Queen Street, Brisbane awarded QLD Development of the Year Award
2016 - Overlay - Buildings over 5,000 square feet
480 Queen Street, Brisbane awarded winner, Overlay - for buildings over 5,000 square feet
2016 - Best Retail, Commercial and Public Use Building and the Queensland President's Award for best-of-the-best project
480 Queen Street, Brisbane awarded the Best Retail, Commercial and Public use Building and the Queensland President's Award for the best-of-the-best project at the UDIA Queensland Awards for Excellence
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