Grocon’s 480 Queen Street Tops Out Ahead Of Schedule


The operators of standout Sydney fine dining restaurants Bennelong, Quay and Otto will launch their first Brisbane operation at 480 Queen Street when it opens early next year.

In a success for developer and builder Grocon and 480 Queen Street owner DEXUS, Otto Brisbane will take up 332 sqm in the premium office tower, overlooking the Story Bridge and the Brisbane River and adjacent to the building’s fourth floor park.

The Fink Group will take another 83 sqm for offices and a supplementary venue – either a bar or eatery – also overlooking the level four park and enjoying views above Adelaide Street to St John’s Cathedral.

4000 workers from BHP Billiton, PwC and the city’s leading law firms – Allens, HWL Ebsworth, DLA Piper and Herbert Smith Freehills will provide the basis for Otto Brisbane’s clientele.

Creative Director John Fink said Otto Brisbane would serve modern Italian food using fresh Australian produce.

Construction at 480 Queen Street is ahead of schedule with the Deputy Premier Jackie Trad, Minister for Transport, Minister for Infrastructure, Local Government and Planning and Minister for Trade, participating in a topping out ceremony today.

The tower is due for completion in February and is 85 percent leased, with several of the tenants attending today’s ceremony already underway with their fitouts.

The ceremony was held on the building’s roof top, where a grove of trees will create an event and entertaining area featuring both indoor and outdoor spaces for tenants.

Grocon CEO Carolyn Viney said the Fink Group’s commitment to 480 Queen Street was testimony to the quality of both the building and its tenants.

“We have the cream of the Brisbane business community making 480 Queen Street their home and we can be confident Otto Brisbane will contribute to an outstanding business environment,” Ms Viney said.
That environment has also led to a leading wealth management advisory firm following PwC, HWL Ebsworth and Allens Linklaters out of the Riverside Centre.

Arrive Wealth Management’s Managing Partner John Kazakoff said the firm was attracted by the amenity of 480 Queen Street and the opportunity to be co-located with other high quality tenants.

“It has the facilities you would expect from a new premium office building – 6 star Green Star and 5 star NABERS energy ratings, and high quality end-of-trip facilities – that helped with the decision to make the move,” Mr Kazakoff said.

Arrive Wealth Management were advised by White & Partners.

Grocon is both developer and builder for the project, with DEXUS Property Group and DEXUS Wholesale Property Fund acquiring 480 Queen Street from Grocon on a fund-through basis.

DEXUS Executive General Manager, Office & Industrial, Kevin George, said the commitment of the Fink Group and Arrive Wealth Management would contribute to the success of 480 Queen Street.

“We welcome them to our portfolio, and look forward to providing an excellent customer experience to complement this high quality building,” Mr George said.

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