The excitement that surrounds Queen’s Wharf Brisbane continues with the Destination Brisbane Consortium officially announced as the contractor responsible for delivering the $3 billion development.
The Star Entertainment Group (formerly Echo Entertainment Group) leads the consortium, which this month achieved contractual close on the project. Central to the project is the creation of an exciting retail experience that brings new complementary offerings to Brisbane rather than the introduction of existing stores.
According to consortium retail advisor Ben Koop, Director Strategic Consulting from Jones Lang LaSalle, Brisbane currently has the smallest retail area of all five major capital CBDs at just 260,000sqm.
To meet the national average by 2024, by which time the new department store located within the repurposed Treasury Building is anticipated to open, Brisbane would need an additional 150,000sqm of space.
A diverse range of retailers including new brands, niche boutiques, local designers and other artists will be encouraged to be based within the new precinct to meet this need.
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