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Laing O'Rourke's $250m M&A project reaches completion

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UK construction giant Laing O'Rourke's first foray into mixed-use development in Australia is now complete.


Bound by McLachlan, Ann and Connor Streets in Brisbane’s Fortitude Valley,

M&A is set to welcome its first residents in early November with the first retail and dining precinct opening in late November 2013.


The $250 million project features a 21-level residential tower comprising 234 one and two-bedroom apartments in addition to a 17,000 square metre, 12-level commercial tower named ‘825’.


Over 75% of the apartments have already been sold through marketing agent

Trident Corporation.


The 5-star Green Star commercial building, now fully leased to tenants Macquarie Group, Ergon Energy, Beca and Laing O’Rourke was recently sold to US-based Hines Group for $124 million in early 2013.


A further two floors of boutique office space fronting McLachlan Street has also been leased to pdt architects.


Adding weight to M&A’s strong residential and commercial results is Laing O’Rourke’s ground level retail and public space linking Ann Street to McLachlan and James Streets.


To be known as ‘M&A Lane’, it will soon feature some of Brisbane’s most notable restaurant and retail identities including a Creole-inspired whisky and blues bar Papa Jack’s, the latest Spanish incarnation from Jamie Webb (of Peasant fame) to be known as Gordita, a new Asian concept courtesy of the brains behind Ginga and Bamboo Basket and an authorised Apple reseller, cafe and mens fashion outlet, 4evermen. 


 




According to M&A development manager Mark Grant, eleven of the thirteen available retail tenancies are now leased.


“Some of Brisbane’s best-known restaurants, bars and retail outlets will open in M&A Lane over the coming months.  The quality of our retail offer is testament to M&A’s location in the best part of the Valley and our revolutionary design melding work, living and lifestyle in the one location.


“Brisbane City Council has embraced Brisbane’s growing appetite for laneway precincts and M&A Lane will be the city’s newest and most vibrant to date, with almost 2000 people predicted to eventually live, stay or work at M&A,” Mr Grant added.


“With an end value in excess of $250 million, what sets M&A apart from other mixed-use projects is its quality of design coupled with its prime location.  Features also include a private recreational deck and pool for residents, extensive public artwork and an onsite concierge, and employees and residents have direct access to public transport networks, together with ready access to Brisbane Airport, the CBD and new toll road infrastructure projects.”


Laing O’Rourke is one of the world’s largest privately owned construction and development companies with operations throughout Europe, North America, the Middle East and South East Asia.


In Australia, the company currently employs over 2,500 employees and generates $1.8 billion in annual turnover.

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Article originally posted at: https://theurbandeveloper.com/articles/laing-orourkes-250m-ma-project-reaches-completion