Canadian-based property investment colossus Brookfield has put a retail precinct at the heart of the future Brisbane Games athletes village to market.
The Portside Wharf retail precinct and 7401sq m of developable land on two sites, including one with an approval for 23-storey, 560-apartment, build-to-rent, twin tower, have been listed.
The retail and development assets, which could be acquired individually or together, are for sale via an expressions-of-interest campaign co-ordinated by CBRE.
The asset is within the Hamilton Priority Development Area, which will include the athletes village for the 2032 Olympic and Paralympic games.
It is also near the site of a contenders for the 2032 Olympic Stadium, at Hamiliton.
The Northshore Vision 2050 explored this as an stadium option as one of many including those put up for Victoria Park, the Queensland Sport and Athletics Centre and the original Gabba proposal.
It is widely expected a decision on the stadium will be made after the state election in October.
CBRE head of development Trent Hobart said Portside Wharf had a gross lettable area of 13,880sq m—and a massive growth trajectory.
“This is a unique development proposition, close to the river, with exceptional view lines,” Hobart said.
“It’s also positioned to capitalise on a once-in-a-generation government investment into infrastructure to support the 2032 Olympic Games.”
CBRE senior national director James Douglas said a $20-million capital works and upgrade program was also nearing completion.
“Brookfield has invested heavily in Portside Wharf to reposition the asset and it is performing very well as a highly attractive food, dining and recreational precinct.
“A recent grants and incentives program launched to assist retailers to establish at Portside Wharf has led to a 1200 per cent increase in leasing enquiry.
“Key offers have been retained and new entrants will increase visitation and spending to this riverside location.”
