EVENT RECAP: CITY REACH REVITALISATION AND RETAIL STATE OF PLAY

The Property Council welcomed attendees to two sold out events this week.

City Reach Revitalisation

On Tuesday, the Property Council hosted the Waterfront Precinct Briefing: City Reach Revitalisation event at The Grove.

Attendees heard from Matthew Beasley - Dexus Waterfront Brisbane Project Director, and Cr Krista Adams - Brisbane City Council Deputy Mayor and Chair of Planning and Economic Development, on Dexus’s transformational redevelopment of Brisbane’s Waterfront Precinct and several Brisbane City Council city shaping initiatives, including the City Reach Master Plan and Kangaroo Point bridge.

Matt Beasley talked attendees through Dexus’s plans to redevelop and transform the Eagle Street Pier and Waterfront Place precinct into a premium business and leisure destination. The project, which includes two new towers, riverfront dining, retail outlets and public plazas with a widened and upgraded Riverwalk for pedestrians and cyclists, will also bring 1,000 construction jobs online over the next 10 years and additional 900 operational jobs once construction has completed.

 

Cr Adams talked through Brisbane City Council’s initiatives that will shape the city over the coming years, including the review of Brisbane’s City Centre Master Plan, Council’s Green Bridges (including the now underway Kangaroo Point Green Bridge) and the opportunities available through the City Reach Master Plan. Cr Adams said that she would like to see an incoming State Government work collaboratively with Council and give Council more allowance to get job-generating projects underway quickly.

For more information on Dexus’s Waterfront Precinct project click here.

Please click here to find out more about Brisbane City Council’s City Reach Waterfront Masterplan and Green Bridges Program.

Retail State of Play

The Property Council welcomed over 180 attendees to the Hilton Hotel to hear about the outlook for Queensland’s retail property market and how the property sector has adapted to the challenges posed by COVID-19.

An expert panel featuring Salvatore Guardala – Chief Operating Officer Lancini Property and Development Group, Lindsay Carroll – Deputy CEO National Retail Association, Daniel Sutton – Regional General Manager Shopping Centres for Vicinity Centres, and Nick Rosato – Director raw GROUP Hospitality broke down how the sector was faring throughout a tumultuous 2020 and discussed the key issues the retail property sector would need to address moving forward. The discussion was facilitated by Megan Wakefield – Regional Director Head of Asset Services Pacific CBRE.

Nick Rosato provided a hospitality tenant’s perspective and discussed the importance of better integrating the e-commerce aspects of a business into a physical storefront. Nick also spoke about how a cooperative relationship between tenants and landlords has been essential for both parties during COVID.

Daniel Sutton spoke about how Vicinity Centres is increasingly looking to partner with its tenants to facilitate their transition to e-commerce. Designing retail properties that incorporated click and collect facilities and could manage queues efficiently were essential to this.

Salvatore Guardala also addressed the strengthening bonds between tenants and landlords during COVID. Sal also emphasized the key issue of retail trading hours and said they need to be reviewed by whichever party forms government following the State election.  

Lindsay Carroll said COVID has thrown up numerous challenges, but retailers were learning along the way. Some of these challenges included ensuring that click and collect services through COVID remained on-par with standard retail offering and attracting staff due to the JobKeeper and JobSeeker payments.

Special thanks to our Retail State of Play sponsor Mainbrace Constructions.

To view future Property Council events, please click here.