For Sale – The Treasury Buildings, Brisbane
McVay Real Estate and JLL, are pleased to present for sale, The Treasury Buildings in Brisbane.
The agents are formally offering to the market for the first time – The Star Entertainment Group’s interest in the Treasury Casino building, the Treasury Hotel building and the Treasury Car Park (together the ‘Assets’ or ‘Brisbane’s Treasury Buildings’). The Assets span two city blocks and will be offered either in one line or individually.
In 2024, The Star Entertainment Group, with its consortium partners, plans to open a new world-class entertainment, gaming and leisure destination at the Queen’s Wharf precinct, enabling the potential for vacant possession of the iconic Assets. Queen’s Wharf represents one of Australia’s largest urban regeneration projects. It will deliver up to 1,000 premium hotel rooms, over 50 restaurants, bars and cafes, a 1,500 person ballroom, 7.5 hectares of public space, gaming amenities, and up to 2,000 residential apartments.
The Treasury Buildings, with a combined GFA of over 30,000 sqm and 680 car parks, provide multiple potential future uses, including but not limited to hotel, education, retail, entertainment and commercial. The opportunity beckons to reimagine the iconic Assets from their current use into city- shaping destinations.
The Assets comprise:
- The Treasury Casino building – one of Brisbane’s most identifiable buildings. The spectacular heritage-listed, former government public administration building was built over three stages, commencing in 1883. It provides approximately 20,000 sqm of GFA over six levels.
- The Treasury Hotel building – situated in the former Land Administration Building which was completed in 1905 for the Queensland Government. The six-level building was heritage-listed in 1992 and spans over 10,000 sqm of GFA.
- 680 car parks – positioned beneath Queens Gardens which provides lush public green space and is located between the two heritage buildings.
The Brisbane market is currently undergoing an unprecedented level of infrastructure development in the countdown to the 2032 Olympic and Paralympic Games. Combined with the city-defining Queen’s Wharf precinct, which the Assets sit directly adjacent to, Brisbane is primed for an unprecedented level of growth.
Sam McVay from McVay Real Estate said “The combination of Treasury Brisbane’s historical significance, character aesthetic and location adjoining the Queen’s Wharf precinct, make it a truly exceptional opportunity. The next iteration of these culturally significant assets will undoubtedly make them Brisbane icons.”
Paul Noonan from JLL said “Brisbane is benefitting from an immense public and private infrastructure push in the lead up to the Olympics, with a new CBD train station, expansion of our airport and city- shaping projects like Queen’s Wharf setting the scene for a period of exceptional growth for the Brisbane market”.