CDG settles on a multi-million dollar redevelopment site at Breakfast Creek

Churchill Development Group (CDG) has settled on its $22.5 million acquisition of a massive redevelopment site at Breakfast Creek. 

The group has already received Brisbane City Council development approval to build its multi-million-dollar Breakfast Creek Quarter development on the 6,778sqm parcel of land which sits between Bunnings and the Mercedes Benz Flagship Headquarters on Breakfast Creek Road.

CDG Executive Director Jonathan Leishman said they hoped to start work soon on the project following the settlement. 

The site appealed to the group as it sat within a significant entry corridor into Brisbane which was undergoing substantial urban renewal.

“I’d been keeping an eye on the site for some time because I thought it would be perfect for the project we wanted to deliver,” Mr Leishman said. 

“Now that we own the land and have our development approval in place it will be full steam ahead. Most of the lifestyle and retail tenancies are already spoken for under heads of agreement.” 

CDG will develop an eight-storey tower that houses a mix of commercial and retail spaces on the site. 

The building has been designed in a U-shape to make the most of surrounding river views, and the city skyline. 

The commercial spaces will occupy levels four to eight of the building and include CDG’s serviced office business, Chamberlain Boardrooms which provides bespoke office spaces to accommodate the more flexible workforces of the future. 

Chamberlain Boardrooms will occupy 1,575sqm in the building. 

The office levels will have a 3,300sqm floor plate with an option to split a floor into two 1,500sqm tenancies or six 500sqm tenancies. 

Mr Leishman said there had already been strong interest in retail spaces in the development as well the office spaces and rooftop venue. 

Blake Goddard and Matt Barker of Knight Frank negotiated the off-market deal. Mr Goddard said Breakfast Creek was undergoing substantial regeneration and Breakfast Creek Quarter would be a standout building.

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