Brisbane, the capital of the state of Queensland, is emerging as one of Australia’s major cities. Based on current growth projections, Queensland is on course to become Australia’s second largest state economy over the next 20 years.
While Queensland’s economy has been boosted by the global resources boom, much of Queensland’s success is also due to its diversified economic base and its large domestic migration inflows. Queensland’s sustained economic growth has generated rapid white-collar employment growth in the Brisbane Central Business District.
Establishing an office in Brisbane in 1988, we have invested, developed and refurbished a number of properties in the office, residential and industrial sectors. We are very active in the Brisbane office market and have a major office development in the North Quarter at 400 George Street, as well as owning another landmark building the Bank of Queensland Centre.
The strong economy is also underpinning the growth in the industrial sector and Grosvenor owns several industrial buildings and completed a successful 22 hectare mixed-use industrial and residential subdivision at Banyo.
The residential sector continues to grow and we are actively looking at opportunities for mid-top tier developments aimed at the owner occupier market.