AMP fund and Sunsuper announce Brisbane project
AMP and Sunsuper have announced a new office project on the edge of the Brisbane CBD.
A joint announcement confirmed that AMP’s Australian Core Property Portfolio and Sunsuper had received development approval for a new 12-level office building at the Coronation Drive Office Park (CDOP) precinct, the largest CBD fringe office complex in Brisbane.
AMP Capital’s fund manager for the Australian Core Property Portfolio, Louise Joslin, said she was very pleased to have received development approval from the Brisbane City Council for the next significant stage of development at the CDOP precinct.
“Our vision is to continue to deliver contemporary office developments in accordance with the Milton Station Neighbourhood Plan, and to strengthen the role of Milton as a key fringe business centre and employment hub,” Ms Joslin said.
AMP’s Australian Core Property Portfolio and Sunsuper have owned the CDOP site since 1998 and have previously undertaken two significant developments, the latest being the 12-level CDOP4 in 2009.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
