Hamilton Northshore will be the site of four new commercial buildings following a multi-million land agreement between Economic Development Queensland (EDQ), the Queensland Government’s property development and community-shaping agency, and investment company Alceon.
“This agreement unlocks land to support business growth and will create more local jobs,” Minister for State Development Cameron Dick said.
“This is also a vote of confidence by Alceon in the Queensland economy with the company set to build four new commercial buildings over the next six years.”
Alceon, which has already invested $100 million in the Brisbane Technology Park (BTP) Northshore, is set to inject $40 million for the project which is expected to generate more than 20 construction jobs annually for a period of six years.
Mr Dick added that more national and international companies, such as BTP Northshore’s existing tenants Puma Energy, Harris Communications, Fujitsu, Becton Dickinson and Clinical Network Services, will be encouraged to move to the “Sunrise State” as the site expands its portfolio of world-class commercial buildings.
“Our developments provide accommodation for a range of land uses including commercial office, research and development and high-tech warehousing together with café amenities and ample secure car parking,” Alceon Project Director Paul Huston said.
“Located strategically between the airport and CBD, Northshore’s bikeways, recreation spaces, retail and childcare offerings provide a unique proposition for both residents and businesses who can live, work and play in a thriving riverfront precinct.
“The success of Northshore is directly linked to continual investment by EDQ in precinct infrastructure and place-making activities.
“Alceon is proud to be part of this exciting long-term project that will benefit Queensland.”
The first of the four buildings to be located at 385 Macarthur Avenue is expected to commence by the end of 2019. These buildings will be home to up to 1,200 employees once completed.
The Northshore Hamilton master plan is the state’s largest urban renewal project, located on the 304-hectare former wharf and port area, that will deliver residential and office accommodation, as well as entertainment, commercial, retail, and leisure facilities over the next 30 years.