Global real estate investment manager, DWS alongside Consolidated Properties Group (CPG), one of Australia’s leading development companies, have announced the settlement and construction commencement on a joint venture development of a landmark, A Grade commercial office building to be located at 895 Ann Street, Fortitude Valley in Brisbane.

Practical completion of the circa $260 million development project is expected in the first quarter of 2023 with CPG appointing Queensland based building contractor, Hutchinson Builders.

Designed by award winning John Wardle Architects, the project is located within close proximity of the James Street “lifestyle” precinct and will comprise almost 24 thousand square meters of net lettable space, spread across 15 levels upon completion. With a striking dual frontage glass façade, the building will offer future tenants high quality, contemporary office accommodation, ground floor retail and roof-top bar, along with two levels of basement parking and end of trip facilities. The building’s environmental credentials will target a 5 Star Green Star and 5.5 Star NABERS energy rating.