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Deal of the week: Super giant finds a home in central Brisbane

By Juliet Helmke
05 May 2022 | 10 minute read
Brisbane Square reb

Australian Retirement Trust, the newly formed result of a merger between QSuper and Sunsuper, has locked down a space to house their combined operations.

The company has taken out an eight-year lease in the heart of Queensland’s capital at 266 George Street, in the building known as Brisbane Square.

The fund, which manages over $230 billion in retirement savings for more than 2 million members, will consolidate all of its staff – currently spread between several Brisbane sites – into the building’s top floors.

A visually recognisable property that sits on the banks of the Brisbane river, it’s owned by Charter Hall’s Brisbane Square Wholesale Fund (BSWF) and the Charter Hall Prime Office Fund (CPOF). Currently underpinned by the tenancy of the Brisbane Council, it houses the city library network’s largest public facility, spread over several lower floors.

The superannuation firm is taking up occupancy of space that will be vacated by Suncorp when the bank moves into its new home at Heritage Lanes, located at  80 Ann Street, due for completion at the end of the year.

Australian Retirement Trust will set up shop following building upgrades to achieve higher sustainability ratings as part of its commitment to operate as a green company. The upgrades are being undertaken by BSWF and CPOF.

Completed in 2006, Brisbane Square already offers strong sustainability credentials with a five-star NABERS energy rating. The fund is targeting a 4.5-star NABERS water rating, up from the current four-star rating, once the upgrades are complete.

Innovation of the lobby space, designed by BVN Architects and in co-creation with Australian Retirement Trust and Charter Hall, will feature collaborations with First Nations artists to reflect their stories of the country.

Australian Retirement Trust’s chief executive Bernard Reilly said the new head office would be an excellent space for the team to connect with members and the wider community.

“We keep our members at the heart of every decision we make and consolidating our office footprint, from multiple buildings across Milton and Eagle Street in Brisbane’s CBD, is in the best interest of our members,” Mr Reilly said.

He noted that the firm had been mindful of how office culture had shifted over the years of COVID-19 while planning the fit-out for the new space.

“Ways of working have changed post-pandemic and the design of our new workplace embraces a flexible and inclusive approach,” he said.

“Having our Brisbane-based people in one centralised office will enhance collaboration, innovation and connection.

“As a fund open to all Australians, 266 George Street provides the space for our people to join as one team, as we strive to serve our two million members.”

ABOUT THE AUTHOR


Juliet Helmke

Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.

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