OFFICE

HERITAGE LANES 80 ANN STREET

80 Ann St, Brisbane, QLD 4000

80 Ann Street, or "Heritage Lanes", is a 35 level, approximately 62,800 square metre premium office building in Brisbane's CBD with dual frontage to Turbot and Ann Streets. The building reached practical completion in April 2022, being anchored by Suncorp and KPMG. The building's design provides a number of breathable spaces throughout to take advantage of the local climate and also pays homage to the old Brisbane Produce Exchange which was located on the site until the mid-1900s. This is reflected in the heritage facade fronting Turbot Street and the marketplace experience being created on the ground plane which extends through to the main lobby on Level 1. Designed by Woods Bagot Architects, the building is targeting WELL Gold Shell and Core and 6 Star Green Star as built ratings.

Grade
Premium
Nabers Rating
-
Ownership
50% Mirvac, 50% M&G Real Estate
NLA
62,788 SQM

Summary information

Acquisition/Agreement Date Jul-18
Last External Valuation Date 30-Jun-22
Valuation at 30-JUN-22 $400.5m
Valuer Colliers
Capitalisation Rate 4.88%
Discount Rate 6.00%
Gross Office Rent $807/SQM
Car Spaces 125
Expected Development Value On Completion $863m
Target Completion FY22
Valuation: Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 9.4 YEARS

Major Tenants

Entity Name NLA SQM Lease Expiry
Suncorp 39,845 Jun-32
Entity Name NLA SQM Lease Expiry
KPMG 7,742 Sep-30
Street view of Ann Street building

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.