Treasurer Visits BTP Innovation Precinct

treasurer-visitTreasurer Curtis Pitt visited Brisbane Technology Park’s (BTP) Innovation precinct on March 1, where prospective occupants are already lining up to secure commercial space, as the development nears completion.

Mr. Pitt said the expansion would attract new companies and talent to BTP by building its reputation as a centre of excellence. “I’m certain that the next generation of medical and scientific breakthroughs will be coming out of Queensland and fantastic facilities like this,” Mr Pitt said.

“I turned the first sod here just six months ago so it’s impressive to see the building now more than two-thirds complete, having supported around 450 jobs during construction and more ongoing jobs to come when tenants move in. “This new Innovation Precinct will deliver an extra 20,000 square metres of commercial office space and lure some of the best and brightest minds from around Australia and the world right here to Queensland.”

The Innovation Precinct is a joint venture between Alceon Group and Graystone to create a hotel, four level parking station and five new office buildings with commercial office, technical, laboratory and retail space.

Stretton MP Duncan Pegg said he’d welcome more innovative development locally. “I fully expect savvy Southerners to move north to take advantage of our lower taxes and affordable housing compared to other capital cities,” Mr Pegg said.

“And I say to them we’re open for business; in fact business confidence in Queensland has led the nation every month for the past seven months. The Palaszczuk Government is committed to building a future-focused Queensland and encouraging developments like this are a big part of that.

“Expanding the Technology Park will build on Queensland’s reputation as the state of innovation with world class, knowledge-based jobs and industries.”

BTP will only continue to expand with $300 million in new facilities planned to come online over the next five years.

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