Suncorp has secured a 10-year precommitment in Mirvac’s $800m tower at 80 Ann St to be completed in 2022

IN ONE of Brisbane’s most intense precommitment processes, Suncorp has opted for an innovative Brisbane CBD tower with “breathable floors” for its new headquarters.

An artist's impression of Mirvac's proposed tower at 80 Ann St in the Brisbane CBD.

ONE of Australia’s leading financial services groups Suncorp has secured its new Brisbane CBD headquarters.

Suncorp will consolidate its operations as the major tenant in Mirvac’s $800 million 80 Ann Street development.

The ASX-listed financial group will take up 39,600sq m in a 10-year term when the premium 32-storey building is completed in 2022.

Suncorp’s chief executive Michael Cameron said: “The new workplace will reflect Suncorp’s Queensland heritage, with a design that is focused on our people and their experience, as well as engaging our customers and the community.”

“It will provide the flexibility we require for our future workforce and is an opportunity to bring our teams in Brisbane together into one location, creating efficiencies as we have done in Sydney, Auckland and Melbourne,” he said.

JLL’s Michael Greene acted on behalf of Suncorp.

An artist's impression of Mirvac's proposed tower at 80 Ann St in the Brisbane CBD.

Mirvac beat the Investa/CharterHall proposed tower at 370 Queen St after an exhaustive selection process.

The company also announced that under the terms of the transaction, the Asia Pacific core fund of M & G Real Estate, one of the world’s leading financial solutions providers for real estate investors, will be a 50 per cent joint venture partner in the project.

Mirvac’s chief executive Susan Lloyd-Hurwitz, said: “We are delighted to have secured Suncorp for our proposed development at 80 Ann Street, demonstrating our ability to collaborate with our customers and respond to their needs.”

JLL’s Seb Turnbull and Luke Billeau sold the site to Mirvac for $79 million while Colliers International and JLL acted on beahlf of Mirvac on the leasing component of the deal.

Designed by Woods Bagot the new tower will offer a contemporary podium and the largest tower floorplates in the Brisbane CBD.

It will capitalise on Brisbane’s subtropical climate, with breathable floors that can be opened to the outside and excellent access to natural light.

An artist's impression of Mirvac's proposed tower at 80 Ann St in the Brisbane CBD.

The expansive ground plane will be activated with extensive retail amenity (including the heritage-listed Turbot Street Fruit Market building), and provide connectivity between Ann St and Turbot St.

A building designed for the future, the proposed asset will also incorporate built-in technology that allows for further upgrades to base building systems, as well as office floorplates that can be easily subdivided.

With a gross floor area of 84,000sq m plus, the tower’s services and amenities have been designed to cater for flexible occupant densities across all office levels.