Construction has begun on the new $300 million, 34 storey building designed by architects, Crone Partners which is the first commercial high-rise to be built in Brisbane on-spec (without pre-commitments) since the Global Financial Crisis.

The tower is designed with the anticipation of achieving a 6 Star Green Star and 5.5 Star NABERS Rating and will feature 59,100 square metres of commercial space, ground floor and podium retail (including a food court) and basement parking.

The building will also encourage reduced water and energy consumption with the aim of creating a 'positive and healthy' work environment to maximise productivity.

The building is being developed by Japanese company Daisho Group and their general manager Yasuo Iwasaki said the new project signified the 'renaissance of Brisbane’s CBD property sector'.

“As Watpac begins principal construction works, local and interstate companies are showing keen interest in becoming tenants of 180 Brisbane when it is completed in late 2015. 

These include mining and resource companies, professional service firms and others looking to establish or expand their presence in the Brisbane CBD,” Iwasaki said.

“Daisho has owned 192 Ann Street since 2001 and 180 Brisbane will be another high-quality addition to the city and Daisho’s long-term investment here. 

It will also rejuvenate the CBD by forming a new hub which links key parts of the city’s centre,” Iwasaki added.

The building will provide a 24 hour pedestrian thoroughfare between Ann Street and Turbot Street, along with retail over two podium levels and an office lobby.

The design and location of the building core to the southwest side of the building, coupled with the large floor plates allow uninterrupted office floor space and the orientation and side core maximises views with the use of glass ensures an abundance of natural lighting.