495-501 Adelaide Street, Brisbane CBD, Queensland

Commercial Consolidation and Refurbishment

Originally 501 Adelaide Street was purchased in 2002 by Intercap and joint venture partners.

Old 4 Storey Commercial CBD Building, largely tenanted.

Intercap obtained a Development Approval for a 35 Storey Student Accommodation tower.

Subsequently the same group purchased 499 Adelaide Street, and later 495 Adelaide Street.

Plans were drawn for both the refurbishment of the existing buildings, and for the complete re-development of the site with a commercial/residential tower.

At the peak of the commercial cycle the project was sold in 2007.