University of Queensland set to open new CBD campus

As an investor, one of the biggest advantages that comes with buying an investment property in the Brisbane CBD is that it means that nothing is too far away for tenants. This includes some of the best education facilities, schools and universities. So when we heard that the University of Queensland (OQ) is set to open a new inner-city postgraduate campus in a heritage-listed building on Queen Street, here in Brisbane, we could not be happier.

 

A couple of weeks ago the University of Queensland submitted plans to Brisbane City Council to convert the top two storeys of the old Custom Credit House into an "educational establishment" for its CBD campus.

 

A UQ spokeswoman confirmed the Faculty of Business, Economics and Law had leased the site, which (according to a recent editorial on  http://www.brisbanetimes.com.au) is set to target post-graduate business students.

 

The university's town planner for the project, Graham Clegg of Clegg Town Planning, said in his application letter to the council that level six of the building would consist of a "teaching facility" for MBA and executive education programs, along with office space. While level seven would be "used for alumni and advancement related activities", according to Mr Clegg.

 

"The chancellor's office and (executive) support staff would be located on this floor to be able to engage with alumni and VIP guests," he said.

 

Mr Clegg also said that UQ's proposed facility would be built within the existing space of levels six and seven of Brisbane’s Custom Credit House. 

 

"The proposal is for occupation of part of the premises only (levels six and seven) and no new or additional gross floor area is proposed and no other floors within the building will be impacted by the proposal," he said.

 

Home to some of Queensland’s most respected universities, like the highly reputable University of Queensland, plus a number of colleges and other well-respected education facilities, it is no wonder why so many property investors (local and foreign) are leaning favourably towards buying apartments in the Brisbane CBD. 

 

Principal of HS Brisbane Property, Hannah Schuhmann says that foreign investors love buying high-rise apartments; this is especially the case when it comes to Asian students and families.

 

“We tend to see a lot of families of Asian students buying apartments in the Brisbane CBD so that their children can live there and be within close proximity to university or college while completing their studies.”

 

Here at HSBP we are extremely fortunate to have the Brisbane CBD right on our doorstep, as it is a golden hub for any astute investor… or student-tenant for that matter.

 

For more information on investing in the Brisbane CBD or to find out which of our current properties are best suited to your target demographic, such as students, speak to Hannah and the professional team at HSBP on 0419 782 133.

Add comment


Security code
Refresh