The $700 million 360 Queen Street tower has officially opened in Brisbane’s Golden Triangle, bringing a 33-storey premium office building to the CBD that will hold the title of the city’s newest commercial tower until Dexus’ North Tower at Waterfront Brisbane completes in late 2028, a gap of more than two and a half years.
The joint venture between Charter Hall and Investa, developed through the Charter Hall Prime Office Fund and Investa Commercial Property Fund, marked the official opening on 1 May 2026 after a build that ran approximately 12 months beyond its original schedule, navigated through a period Carmel Hourigan, Charter Hall’s Office CEO, describes simply as “one of the hardest periods working in office.”
“Going through the Covid pandemic, cyclones, flooding, a massive cost escalation and productivity issues was challenging for the joint venture partners,” Hourigan said.
The building is 95 per cent pre-committed and currently half full, with tenants progressively completing fit-outs and relocating across the coming months.
From a 40-storey plan to a 33-storey building
The tower that opened bears only a partial resemblance to what was first proposed. The original concept was a 40-storey building, and scaling it back to 33 storeys was, by Investa CEO Pete Menegazzo’s own account, not a smooth internal process.
“When decisions were made we were just coming out of Covid and so there were still a lot of questions about what was going on in the office market in the longer term and higher levels for precommitments were a risk,” Menegazzo said. “It was a healthy debate we needed to have.”
The decision proved well-calibrated. By the time the building reached completion, the Brisbane office market had moved firmly in its favour, with the newest tenants paying a net effective rent approximately 40 per cent higher than HopgoodGanim Lawyers and BDO, who both signed in early 2022 as the first tenants committed to the building.
Hourigan acknowledged the early commitment to those businesses: “The early birds certainly got the worm.”
Inside 360 Queen Street
Designed by Blight Rayner Architecture and built by Hutchinson Builders, 360 Queen Street delivers premium office floors alongside a suite of amenities built around the direction that workplace design has been moving.
A dedicated wellness centre, a multi-functional conference and business hub, a curated retail laneway, cafes and an activated ground plane bring a mix of uses to the building that reflects the contemporary expectation that premium offices need to be destinations rather than simply places to sit at a desk.
Positioned within the Golden Triangle, the 360 Queen Street tower sits right on the CBD’s northern gate, putting both Fortitude Valley and the major law and finance hubs within arm’s reach.
The joint venture intends to hold the asset long-term.
“I think we’ll just enjoy it,” Hourigan said.
Brisbane’s premium pipeline is thin from here
The significance of 360 Queen Street for Brisbane’s office market extends beyond the building itself. With its completion, Brisbane effectively exits its current pipeline of premium office supply for more than two years.
The next major addition will be Dexus’ North Tower, the taller of the two towers in the $2.5 billion Waterfront Brisbane development on the northern edge of the CBD, which is due for completion at the end of 2028.
For tenants seeking large-floor-plate premium space in Brisbane between now and late 2028, the choices are effectively fixed. That supply constraint, combined with the continued migration of tenants from older-stock buildings to premium assets, underpins the rental growth trajectory that has already made 360 Queen Street’s newest leases substantially more expensive than its founding ones.
For leasing enquiries at 360 Queen Street, click here.
Published 7-May-2026
