Consolidated Properties pays $43.5 million for Brisbane’s former ABC headquarters at Toowong

Queensland developer Consolidated Properties has paid $43.5 million for Brisbane’s former ABC headquarters at Toowong

Consolidated Properties pays $43.5 million for Brisbane’s former ABC headquarters at Toowong
Consolidated Properties pays $43.5 million for Brisbane’s former ABC headquarters at Toowong

Don O'Rorke's Consolidated Properties has paid $43.5 million for the former ABC headquarters at Brisbane's Toowong.

The riverfront 1.5 hectare site was offloaded by the ASX listed Sunland group who bought it in 2013 for a reported $20 million.

The ABC departed the site in 2006.

Many of its buildings have been demolished with the site remediated after concerns arose following a breast cancer cluster among female staff. 

Consolidated Properties confirmed to The Australian it had purchased the Coronation Drive site with two undisclosed business partners.

Consolidated intends at least two luxury apartment towers, with concept planning now underway with community consultation set to begin.

Sunland put the Toowong site up for sale in late 2020 after its major development for the site, a "champagne flute" plan for three apartment towers designed by Dame Zaha Hadid was rejected by the Supreme Court in 2018.

the heights of the towers ranged from 22 to 25 storeys.

The site includes a heritage building known as Middenbury Home, set to be retained potentially as a restaurant, cafe or gallery.

Last October Sunland told its shareholders that it would wind down its operations over the next three-to-five years.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Toowong Riverfront Site

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