Property giant, Dexus, lodge plans for $2.1 billion Brisbane waterfront renewal

Property giant, Dexus, lodge plans for $2.1 billion Brisbane waterfront renewal
Property giant, Dexus, lodge plans for $2.1 billion Brisbane waterfront renewal

A $2.1 billion redevelopment of Brisbane's Eagle Street Pier and Waterfront Place is on the cards for 2022 and set to be delivered by property giant, Dexus.

The exciting new project will see the rejuvenation of the expansive site, totalling approximately 9,000 square metres of prime riverfront real estate. 

Dexus' plans feature two brand new commercial towers reaching 49 and 43-stories high, along with a revitalised series of riverfront dining venues, public plazas and ferry terminal. The plan also includes the widening of the existing riverwalk, to facilitate better utilisation of the space by pedestrians and cyclists.

Property giant, Dexus, lodge plans for 2.1 billion Brisbane waterfront renewal
Image supplied.

The heritage-listed Naldham House will remain intact; however, a new awning will be added.

Dexus plan to offer the construction industry a total of 1,000 jobs, with 900 ongoing supporting roles available upon completion of the project. 

Delivery of the project will be staggered in two stages, with construction likely to commence in two years to meet stage one completion in 2026. 

"Waterfront Brisbane will be a great outcome for Brisbane with the renewal of the city's premium business district, activation of the river and improvements to the riverwalk." 

Ross Du Vernet, Dexus chief investment officer 

Property giant, Dexus, lodge plans for 2.1 billion Brisbane waterfront renewal
Image supplied.

The riverfront project is complementary to Dexus' thriving $11.2 billion development pipeline. 

Significant projects include:

  • $2.5 billion Central Place Sydney 
  • $550 million project at 60 and 52 Collins Street in Melbourne
  • $3 billion Pitt and Bridge precinct in Sydney 
  • Plans are currently in the development stage for Dexus' 274-metres skyscraper in Brisbane 

Olivia Round

Olivia Round

Olivia Round is the Features Editor of urban.com.au. Olivia specialises in news reporting, in-depth editorial content and video + podcast interviews with industry experts.

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