AFP signs on at $30 million development at Brisbane Airport
Brisbane Airport Corporation (BAC) has secured Australian Federal Police (AFP) as the major lessee in a new $30 million commercial development alongside the International Terminal.
Due for completion in September 2012, Five Lobelia Circle will be the first commercial building at the International Terminal precinct.
The AFP’s 15 year lease is for 60 per cent of the five level building.
The development is part of an $800 million property development portfolio at Brisbane Airport across retail, commercial, industrial and land holdings.
BAC’s General Manager Property Renaye Peters said the lease was an exciting step for Brisbane Airport and the transformation of 1,000 hectares of developable land into a vibrant, highly-connected business precinct.
“It signifies Brisbane Airport’s unique position as a large, strategic landholding on the cusp of ground-breaking change and growth,” Ms Peters said.
“Brisbane Airport property presents a unique investment opportunity because of its connectivity to the city, the state and internationally, and is the preferred address for a diverse range of businesses,” she said.
“With our Property Master Plan due for release mid-2012, Brisbane Airport is now, more than ever before, open for business.”
The move is part of AFP’s Project Jupiter, a federally funded initiative to locate AFP offices at all Australian international airports.
Designed by leading Brisbane architectural firm Cottee Parker, Five Lobelia Circle is also ideally located to take advantage of Brisbane Airport’s retail and lifestyle hub, Airport Village.
The remaining lettable area of 2640m2 over two levels is now available for leasing.