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The trade-off: Developers can go up if we get a better deal on the ground


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Four Brisbane developments are under the spotlight as City Hall assesses a trade-off: relaxing restrictions – including building heights – in return for developers improving public spaces on the ground.
The first two projects bookend the Merivale Bridge at South Brisbane and North Quay. The other two are a commercial development at 144 Logan Road, Woolloongabba, and the proposed $450 million refurbishment of central Toowong.
The developments are dubbed “the buildings that breathe,” in the Brisbane City Council planning report.
Fish Lane was a grubby alley before $12.5 million was invested to rejuvenate Brisbane’s laneways.
Credit:Tony Moore
The council’s planning committee chair and deputy mayor Krista Adams says these projects will be evaluated closely. ....

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In the media
Australia makes top 10 for real estate investment
Australia just became one of the top ten countries to buy real estate with inbound investments to increase sharply in 2021 (04 November 2020).  More.
Office outlook optimistic for 2021
There is likely to be “no major demise” to the global office sector, despite remote working arrangements, with higher rental incentives expected in CBD offices, according to a global survey by Savills Investment Management (04 December 2020).  More.
Australian commercial property firms see environmental management as increasingly important to their business
Many companies that work in commercial real estate are lagging behind other industries in terms of good environmental management, but there is an increasing number that are catching up fast, a new international report has found (03 December 2020).  More. ....

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