PGIM Australia has filed plans to convert one of “Brisbane’s most identifiable yet underutilized commercial buildings” into a contemporary post-Covid workplace.
The bronze office building, opposite the customs house, built in 1974 is just outside the Golden Triangle, the fast-moving financial district of Brisbane’s CBD.
PGIM purchased 444 Queens Street for AU$54.4 million (US$38.6 million) from the Public Trustee of Queensland and Abacus Property Group in October.
The group initially planned to refurbish the 23-story building but have instead decided to develop the 1,700-square-meter site, reusing the existing structure but transforming it completely. The redeveloped building will have 24 stories.
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