Trilogy Update

From Australian Financial Review, 28 May 2008

Mirvac will manage a 192-room hotel in APH Capital Partners' $A800 million tower development in Brisbane. The Trilogy complex at 480 Queen Street, set to be Brisbane's tallest building, will also comprise 30,000 square metres of office space and 109 apartments. It is likely that Mirvac will manage the hotel under its Quay Grand product. The news follows Westin Hotels & Resorts' commitment to manage Metroplex's Empire Square development, also in Brisbane.

Extract from the Brisbane Times:

The $880 million Trilogy Tower will include office space, residential apartments and a five-star hotel, APH Managing Director John Wilson said.

He said the 70-level, 265m-high building would be Brisbane's tallest when it is completed by the middle of 2012.

Mr Wilson said the tower would feature a large, solar-powered lamp at the very top that would be seen from all over the city.

"We've gone to great lengths to try and create something that will be instantly recognisable in Brisbane, like a lot of landmark buildings across the world," he said.

"In fact, we'd like to have Trilogy Tower associated with Australia, ultimately."

The tower will be built on a 3487 square metre site that will combine land formerly occupied by the Australia Red Cross building at 480 Queen Street, and the Dome Nightclub next door.

The nightclub will be demolished when its purchase is finalised next month.

Mr Wilson said "everything" from the concrete rubble to steel and glass from the demolition sites would be recycled.

Mr Wilson said Trilogy Tower's one- and two-bedroom apartments would go on the market "within the next two to three weeks".