Which commercial property owners and tenants will take gold before Brisbane’s 2032 flame is lit?
Queensland Premier David Crisafulli this week revealed the final pieces of the Brisbane 2032 Olympic and Paralympic Games. The $7.1bn allocation for venues will be transformative and sets up a broader transport infrastructure investment that will be transformative for South East Queensland’s economy.
The big-ticket announcements were:
- A new 63,000-seat stadium to be constructed at Victoria Park;
- Development of a 25,000-capacity National Aquatic Centre in Spring Hill;
- The future demolition of The Gabba into a major residential precinct;
- Upgrade of the RNA showground;
- A new arena for the Gold Coast;
- A new indoor sports facility for Logan;
- Upgrade of Sunshine Coast stadium;
- Investment in regional venues and rail upgrades on the Sunshine Coast and Logan-Gold Coast.
It’s a visionary masterplan and the opportunities for commercial property stakeholders are wide-reaching.
Bromley Real Estate has been fielding enquiries from investors and business operators over the last three years who have wanted to understand how to capitalise on the economic uplift the Games will deliver.
With this week’s announcement, that interest is set to quicken.
Here’s how Bromley can help owners and tenants take advantage of this defining moment.
Unlocking value for commercial property owners
Commercial property owners stand to benefit from rising demand for retail, office, hospitality, and logistics facilities in the delivery of venues and associated infrastructure.
Businesses will be positioning themselves to win contracts and scale-up:
- office demand – urban planners, engineers, lawyers, architects, financiers, logistics managers, tech providers, and project advisers;
- industrial demand – civil construction, plant hire firms, fabricators, transport operators, storage specialists and more.
Assets that are in proximity to development zones – Bowen Hills, Spring Hill, Kelvin Grove, Logan, Southport, the corridor linking Maroochydore to the Sunshine Coast Airport and more – will be in high demand. Tenants can work with commercial agents to secure flexible leasing structures in strategic precincts, allowing them to scale operations as Games works ramp up.
Long-term commercial investors should look at asset classes that will benefit from increased foot traffic, improved accessibility, and post-Games urban activation. Mixed-use developments, retail strips, health hubs, and suburban logistics centres are set to be long-term winners.
Bromley’s commercial specialists can help landlords by:
- reassessing existing leases and rental structures;
- identifying tenant sectors that align with Games-related supply chains;
- exploring repositioning or redevelopment options that maximise site use;
- providing market-based appraisals and strategic advice to time disposals or acquisitions ahead of price growth.
If you would like tailored advice on how to maximise your commercial property strategy or business plan ahead of Queensland’s biggest ever event, reach out to the team at Bromley Real Estate today.