Economic Confidence Improves in SEQLD

The 34 storey building, called 180 Brisbane, is being developed by Japanese property developers Daisho Group at 180 Ann Street. It is the first commercial high-rise to be built in Brisbane on-spec (without pre-commitments) since the Global Financial Crisis. Today, Daisho Group Founder Katsumi Tada and Queensland Treasurer Tim Nicholls officially launched construction with a Japanese sake barrel ceremony, accompanied by Japanese taiko drummers. Up to 100 potential tenants and representatives from Brisbane’s property and business community attended. 180 Brisbane will set a new benchmark for city buildings with a striking facade showcasing the Brisbane River, smart technology and environmentally sustainable design features targeting a 6 Star Green Star Office Design V3 rating. Daisho Group General Manager Yasuo Iwasaki said the new project signified the renaissance of Brisbane’s CBD property sector with the potential to inspire further confidence in the city and state’s future. Daisho has owned 192 Ann Street since 2001 and 180 Brisbane will be another high-quality addition to the city and Daisho’s long-term investment here. It will also rejuvenate the CBD by forming a new hub which links key parts of the city’s centre. Daisho Group is an international property developer with a portfolio of world-class assets. The company’s current property holdings exceed US$1.5 billion and include properties in Japan, Malaysia and Australia. In Australia, it also owns the Park Hyatt in Sydney.