TOWER NEAR TOWERS
QUEENSLAND Investment Corporation proposes to build a 22-storey residential tower above its Castle Towers Shopping Centre as part of the centre’s $900 million redevelopment. The centre has a gross floor area of 138,575 square metres and an annual turnover of $670 million.
OFFICE BUILDING BOUGHT
PITT Street Real Estate Partners has bought a 7124-square-metre office building City View Estate in Pennant Hills for $25 million. The group, a subsidiary of Washington H. Soul Pattinson, bought a neighbouring office block, for over $40 million last year enabling it to hold over 1.15 hectares close to Pennant Hills Station.
300 CONSTRUCTION JOBS
THE former federal government’s quarantine station at Eastern Creek will be transformed in a state-of-the-art 22-hectare, $220 million industrial estate with over 120,000 square metres of floor space. The Calibre Estate project, in Wallgrove Road, could generate approximately 300 construction jobs and has the potential to employ 700 full time employees once operational.
