Latest news with #MarquetteProperties
The Age
a day ago
- Business
- The Age
Brisbane news live: South Bank Streets Beach reopens after multiple rounds of repairs
Latest posts Latest posts 7.44am Final piece of Queen's Wharf puzzle acquired By An office tower directly opposite the entrance to the Queen's Wharf casino and hotel complex has been sold for $52 million to a real estate investment manager that last year bought the building next door. The David Longland Building at 63 George Street is home to state government departments and agencies, under a lease that lasts until April 2029. The buyer, Marquette Properties, said it had bought the property in a joint venture with Dexus. Marquette bought neighbouring Mineral House last year and has plans to turn it into student accommodation. 'The Brisbane CBD needs more offices, hotels, apartments, [and student accommodation] and this property can help unlock these opportunities and assist with the city's transformation in the lead up to the 2032 Olympics,' said managing director Toby Lewis. The corner block is part of the Priority Development Area for Queen's Wharf, meaning special planning provisions would allow for any new project to be fast-tracked and facilitated by the government. Its zoning allows for residential, hotel and commercial developments. 7.38am Showers, possible storms today By Felicity Caldwell It's set to be a rainy Thursday, with up to 30mm forecast for Brisbane today, most likely from late this morning, with a chance of a thunderstorm. Along the east coast on Thursday, between the Gold Coast and Illawarra in New South Wales, Bureau meteorologist Helen Reid said rainfall totals could be between 40 to 80mm. 'Friday will start off as a wet day along the coast, but we're likely to see the rain easing to patchy showers through the afternoon,' she said. 'This is thanks to the coastal low-pressure trough moving away from the east coast, drawing moisture and rain offshore.' Reid said isolated to scattered showers will continue in coastal areas on Saturday, with the trend easing on Sunday. 7.16am While you were sleeping Here's what's making news further afield this morning: Treasurer Jim Chalmers' economic reform roundtable will enter its final day this morning, after a group of government, business and union leaders discussed tangible measures to improve Australia's lagging productivity levels. Chalmers is expected to deliver his closing remarks this afternoon. The Transport Workers' Union will be able to spend the $50 million it was awarded in the Qantas penalties case however it sees fit, say lawyers and labour specialists. So how much will sacked Qantas workers get? Health Minister Mark Butler has defended his plan to divert children with autism or developmental delay from the National Disability Insurance Scheme from mid-2027, insisting that these children won't be left out. Benjamin Netanyahu's personal attack on Anthony Albanese as 'weak' marks a new low in Australia-Israel relations. Did Netanyahu's verbal attack strike home? Just look at who defended Albanese. Israel has announced the first steps to take over Gaza City after calling up 60,000 military reservists to support the expanded operation. The new phase comes after French President Emmanuel Macron hit back at Netanyahu following the Israeli leader's claim that Macron had fuelled antisemitism by announcing France's imminent recognition of Palestine. 7.15am The top stories this morning Good morning, welcome to Brisbane Times' news blog for Thursday, August 21. The forecast for Brisbane today is rain and a top temperature of 20 degrees. In this morning's local headlines: Primary vote support for the LNP has fallen almost 10 percentage points from its post-election high as MPs prepare to return for the first regular parliamentary sitting since the Crisafulli government's inaugural budget. A man has died after the Volkswagen Golf he was driving with three passengers crashed into a tree at Zillmere, in Brisbane's north, in the early hours on Thursday. Brisbane's economy has tipped $200 billion in the past year, with growth predicted to continue as the population and domestic tourism increases – but what could stem our city's growth? US singer-songwriter Chappell Roan is the biggest new name in pop right now, so when her stylist, Genesis Webb, asks you to make her an outfit out of human hair, you don't hesitate. And a cherished pandemic-era Thai pop-up is reborn at South Bank. Naga Thai was just what the city needed when it opened in 2020 as an extended pop-up at Eagle Street Pier. But the new version is even better, writes Food Editor Matt Shea.
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
Brisbane news live: South Bank Streets Beach reopens after multiple rounds of repairs
Latest posts Latest posts 7.44am Final piece of Queen's Wharf puzzle acquired By An office tower directly opposite the entrance to the Queen's Wharf casino and hotel complex has been sold for $52 million to a real estate investment manager that last year bought the building next door. The David Longland Building at 63 George Street is home to state government departments and agencies, under a lease that lasts until April 2029. The buyer, Marquette Properties, said it had bought the property in a joint venture with Dexus. Marquette bought neighbouring Mineral House last year and has plans to turn it into student accommodation. 'The Brisbane CBD needs more offices, hotels, apartments, [and student accommodation] and this property can help unlock these opportunities and assist with the city's transformation in the lead up to the 2032 Olympics,' said managing director Toby Lewis. The corner block is part of the Priority Development Area for Queen's Wharf, meaning special planning provisions would allow for any new project to be fast-tracked and facilitated by the government. Its zoning allows for residential, hotel and commercial developments. 7.38am Showers, possible storms today By Felicity Caldwell It's set to be a rainy Thursday, with up to 30mm forecast for Brisbane today, most likely from late this morning, with a chance of a thunderstorm. Along the east coast on Thursday, between the Gold Coast and Illawarra in New South Wales, Bureau meteorologist Helen Reid said rainfall totals could be between 40 to 80mm. 'Friday will start off as a wet day along the coast, but we're likely to see the rain easing to patchy showers through the afternoon,' she said. 'This is thanks to the coastal low-pressure trough moving away from the east coast, drawing moisture and rain offshore.' Reid said isolated to scattered showers will continue in coastal areas on Saturday, with the trend easing on Sunday. 7.16am While you were sleeping Here's what's making news further afield this morning: Treasurer Jim Chalmers' economic reform roundtable will enter its final day this morning, after a group of government, business and union leaders discussed tangible measures to improve Australia's lagging productivity levels. Chalmers is expected to deliver his closing remarks this afternoon. The Transport Workers' Union will be able to spend the $50 million it was awarded in the Qantas penalties case however it sees fit, say lawyers and labour specialists. So how much will sacked Qantas workers get? Health Minister Mark Butler has defended his plan to divert children with autism or developmental delay from the National Disability Insurance Scheme from mid-2027, insisting that these children won't be left out. Benjamin Netanyahu's personal attack on Anthony Albanese as 'weak' marks a new low in Australia-Israel relations. Did Netanyahu's verbal attack strike home? Just look at who defended Albanese. Israel has announced the first steps to take over Gaza City after calling up 60,000 military reservists to support the expanded operation. The new phase comes after French President Emmanuel Macron hit back at Netanyahu following the Israeli leader's claim that Macron had fuelled antisemitism by announcing France's imminent recognition of Palestine. 7.15am The top stories this morning Good morning, welcome to Brisbane Times' news blog for Thursday, August 21. The forecast for Brisbane today is rain and a top temperature of 20 degrees. In this morning's local headlines: Primary vote support for the LNP has fallen almost 10 percentage points from its post-election high as MPs prepare to return for the first regular parliamentary sitting since the Crisafulli government's inaugural budget. A man has died after the Volkswagen Golf he was driving with three passengers crashed into a tree at Zillmere, in Brisbane's north, in the early hours on Thursday. Brisbane's economy has tipped $200 billion in the past year, with growth predicted to continue as the population and domestic tourism increases – but what could stem our city's growth? US singer-songwriter Chappell Roan is the biggest new name in pop right now, so when her stylist, Genesis Webb, asks you to make her an outfit out of human hair, you don't hesitate. And a cherished pandemic-era Thai pop-up is reborn at South Bank. Naga Thai was just what the city needed when it opened in 2020 as an extended pop-up at Eagle Street Pier. But the new version is even better, writes Food Editor Matt Shea.
AU Financial Review
3 days ago
- Business
- AU Financial Review
Marquette bulks up in Brisbane CBD as Olympics move closer
Brisbane-based Marquette Properties has picked up an office tower in its home town from state investment giant QIC for $52 million, just next to a major student accommodation project that the private real estate investment house is developing. The tower at 63 George Street neighbours another office block that Marquette snagged separately last year in a discount deal for around $120 million. In partnership with ASX-listed Dexus, Marquette is transforming the site at 41 George Street into a $500 million, 1200-bed student dorm.
