Herston Quarter A$1.1 billion redevelopment

9/3/2017
Project development, Concession

A$ 1.1 billion

Announced

9/3/2017


Overview:

  • The Herston Quarter—located within Queensland’s Herston Health Precinct—is undergoing a $1.1 billion development to create a health, ageing and research destination.
  • To kick off the Herston Quarter urban renewal, construction firm Watpac was awarded a A$325 million contract by Australian Unity to construct the Specialist Ambulatory Care Centre and Stages 1 to 3 of the Herston Quarter development project.
  • Initial works to be undertaken include the relocation of existing site services and decommissioning of redundant services, with construction then to commence on the new Specialist Rehabilitation and Ambulatory Care Centre (SRACC building) for Metro North Hospital and Health Service.
  • The building will provide 35,157 square metres of facilities and feature a Sky Bridge Link to the Royal Brisbane and Women’s Hospital.
  • Watpac will also deliver the Spanish Steps—which will extend from Herston Road into the main public realm—dedicated car parks underneath the SRACC and the Spanish Steps, major infrastructure upgrade works and associated road upgrades.

Adam Majeed - Regional editor          

Jurisdiction:

Australia

Deal types:

Project development
Concession

Practice area:

Project development

Industry sectors:

Healthcare
Construction and materials
Social infrastructure


Firms:

Party: Hospital Property Trust (Grantor)

Lawyer: Mark Disney


Party: Australian Unity (Project developer)

Lawyer: Owen Cooper


Party: Watpac (Project developer)

Lawyer: Geoff Emmett