Type Office tower Owner CorVal Opened 1972 Floor area 2 ha | Completed 1972 Management CorVal Partners Floors 23 | |
 | ||
Address 160 Ann Street, Brisbane, 4000 Queensland Current tenants Suncorp Corporate Services,
Xstrata Technologies,
CQU,
Department of Health and Ageing,
Shine Lawyers. | ||
160 Ann Street, Brisbane is an office tower located in the heart of central business district (CBD) of Brisbane, Queensland in Australia and adjacent to the Brisbane River. In addition to its 16,304 square metres of office space spread over 23 stories and two parkings, 160 Ann Street offers immediate access to Central Railway Station, King George Square busway station, and the Queen Street Mall. After its completion in 1972, the tower was owned successively by Australian companies Zurich Australia Insurance, Precision Group, Investa Property Group, and CorVal Partners.
History
After its creation in 1972, 160 Ann Street, Brisbane was successively acquired and sold by local companies amid the thriving market of the CBD.
In November 1995, Zurich Australia bought the 160 Ann Street complex for $41.75 million.
In May 2005, Zurich Australia Insurance sold the building to Precision Group at $50 million. The high-rise building was Zurich's last non-core asset. Precision's deal closed after it tendered its interest for the property through Colliers International and Knight Frank.
In 2006, Precision Group acquired the MacArthur Central Shopping Centre from the Investa Property Group for $119.5 million by swapping 160 Ann Street, valued at then $66.5 million. The transaction, valued at $186 million, was considered one of the largest property swap transactions in Australian history at that time.
In 2009, Richard Hyde, Indrika Rajapaksha, Upendra Rajapaksha and Ken Yeang, Professors and Architects at the University of Queensland initiated a large scale research and renovation project of the 160 Ann Street building. This project main purpose was the application of bioclimatic concepts, principles and strategies for large-scale buildings. It was funded by the public program Australian Research Council (ARC). The building was considered a “critical case” representing common physical and operational characteristics.
In 2012, CorVal Partners, a property funds manager, bought the 160 Ann Street office tower from Investa for $82 million.