Commercial Confidential: All the latest Brisbane property news, gossip, leasing and sales information

There are eight candidates for Sunsuper’s next headquarters in Brisbane, including three in the CBD.

AS shortlists go it’s quite long.

But we hear Sunsuper is eyeing three possible locations in the CBD and five in the fringe for its new headquarters.

The superannuation fund, which is currently in the Milton Green office park which it owns with AMP Capital Diversified Property Fund, has a 10,000sq m to 13,000sq m office requirement with a deadline of April, 2023.

Commercial Confidential: Brisbane property, leasing and sales news and gossip

Commercial Confidential: Brisbane property, leasing news and gossip

Commercial Confidential: Brisbane property, leasing news and gossip

An artist's impression of Charter Hall/Invvesta’s proposed new development at 370 Queen Street

According to those in the know the shortlist has six development sites and one established tower.

They are:

* Cornerstone Properties’ proposed 25-storey office tower at 301 Wickham St, Fortitude Valley

* Charter Hall’s proposed 16-level tower at 11 Breakfast Creek Rd, Newstead

* Lend Lease’s 1 King Street development site at the RNA Showgrounds in Bowen Hills

* Sekesui House’s West Village mixed-use development site on Boundary St, West End

* Lei Shing Hong’s huge Mercedes-Benz dealership site at 824 Ann St in Fortitude Valley

* Charter Hall/Investa’s proposed 40-storey tower at 370 Queen St

* Ashe Morgan and DMANN Corporation’s 26-storey Midtown Centre at 155 Charlotte St which is the merging of two old government buildings. Rio Tinto will be the anchor tenant

* Dexus’ 26-level tower 123 Albert St where Rio Tinto will leave in a couple of years.

An artist's impression of 301 Wickham St, Fortitude Valley.

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IT’s all happening in the fringe.

Construction is expected to start before Christmas on a 10-storey speculative office building in Newstead, while there is speculation that work will start in the near future on a 14-storey tower next to the Jubilee Hotel. on the edge of the Valley.

Silverstone Developments is finalising the paper work before launching the construction of its 9000sq m office building at 14 Stratton St, Newstead, which it hopes to complete by the third quarter of next year.

An artist's impression of Silverstone Development's 10-storey office building at 14 Stratton St, Newstead.

Silverstone’s managing director Troy Daffy said the company had been watching the office market in the area and believes Newstead/Fortitude Valley will have the tightest A-grade vacancy rate in the inner city.

Meanwhile, we hear Swiss multinational investment bank, Credit Suisse, has acquired the Jubilee Hotel’s car park site to build the 18,000sq m plus tower at 470 St Pauls Tce, Bowen Hills, which will overhang the historic pub.

Watpac, which is a partner in the project with JGL Properties and the owners of the hotel, will be a major tenant.

We understand Ezy Debit and co-working giant Regus will also be taking up some space.

Of course Watpac will construct the tower but despite a lot of the paper work being done, at this stage we don’t know the starting date.

And for those who love a tipple at the Jubilee there may be a bit of disruption.

The proposed Jubilee Place development at Fortitude Valley.

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A BID by disgruntled securityholders to oust the ASX-listed fund manager behind $180 million redevelopment of the historic Waltons building has failed.

A general meeting of Millinium Capital Alternatives (MAX) unitholders was held in Sydney last Friday.

Resolutions to amend the MAX Constitution and remove Millimium Capital Managers as the responsible entity and replace them with WA outfit Primary Securities failed.

But that’s not all folks.

In an ASX statement MAX said the meeting was “improperly convened” and proxy unitholders and Millinium boardroom representatives were barred from the gathering.

To cap off a big day, Millinium has referred the conduct of a New Zealand-based former Adviser to the fund and his associate to the Kiwi’s financial markets authority and Serious Fraud Office.

Early plans for the former Waltons department store site in Fortitude Valley.

Meanwhile, many will be looking at their calendars.

Millinium is due to buy the Waltons site at 240 Brunswick St and 11 Overells Lane on September 20. It says it has secured “acceptable debt finance and received firm interest from equity investors for the first stage”.

The project’s first stage, which is expected to be completed by the end of 2020, will involve

refurbishment of the heritage-listed Overells and Lincoln Mills buildings and a fit-out being designed by Arkhefield.

Millinium struck a 12-year leasing deal with Torrens University’s parent, Nasdaq-listed Laureate International Universities, to occupy two existing buildings.

The second stage will involve the demolition of the former Waltons store and part of the Braggs building, while retaining their facades.

A 30-storey tower is proposed on the Waltons site, with a mix of student and co-living accommodation and co-working space.

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THE Ray White Group is proudly family-owned and has been since the company’s inception back in 1902, so it’s only natural that family bonds are intertwined within the business.

With Father’s Day celebrated last Sunday, that sentiment couldn’t be more true for Ray White Commercial’s father and son duo, Stephen and Elliot Kidd.

Elliott says the partnership works “exceptionally well”.

“In an industry where trust is so important, not ever having to worry about the other person doing the wrong thing takes a large burden away.

“We’re quite similar so we work well together, and some of our best memories are sitting down to have a beer together on a Friday afternoon, especially if it’s after a deal.”

Dad Stephen, who has kicked around the property industry for a few decades, reckons there’s a good test to take if anyone wanting to work with a close relative.

“Go on holiday together first. If you can survive the holiday and you can get along well, then that’s a good test for any working relationship,” he says.

“The stresses you experience on a compressed holiday where people get tired, agitated and cranky, are exactly the same as how you’d get along in a working environment.

“We’ve been on loads of holidays as a family and a few just the two of us, and get along really well, so I was confident we wouldn’t have any issues.”

Ray White Commercial's Stephen and Elliot Kidd.