Impact Investment Group (IIG) has acquired Queensland’s first engineered timber office building, 5 King.
This is IIG’s second commercial building acquisition in the $2.9 billion Brisbane Showgrounds redevelopment.
At a height of almost 45 metres, 5 King will be the tallest engineered timber building in Australia and the tallest and largest engineered timber office building by gross floor area in the world, according to The Urban Developer. The building will be the future home of global engineering firm Aurecon, with the company committing to lease four of the nine office floors.
The wooden 5 King includes the ground plus nine-stories and three bespoke ground-level retail tenancies.
5 King, due to be completed in November 2018, will be built using cross laminated timber (CLT) and glulam (glue laminated timber), which has a structural strength akin to the traditionally used concrete and steel. The typical commercial floor plate will comprise 1,588 square metres of net leasable area (NLA), with a total area of 14,921 square meters (NLA) over 10 levels.
Buildings made from engineered timber have a lower carbon footprint than other building materials, officials said. The production process produces zero waste, and timbers are sourced from certified sustainably-managed forests.
5 King will feature exposed timber structures, creating a contemporary and creative studio environment. Large glass areas will maximize natural daylight, while sunshades on selected facades will reduce energy consumption, further reducing the building’s carbon footprint.
Aurecon Queensland Regional Director Neil Barr said the use of timber to lower the carbon footprint is a medium that Aurecon has used to good effect.
Across the nation the trend of timber highrise construction is becoming a prominent part of cities, as Melbourne will soon get its first commercial tower built out of cross-laminated timber, sitting on top of an existing six-story commercial office building.
Victorian Planning Minister Richard Wynne approved Hume Partners Property’s application for the structure, which will be built out of locally sourced timber and will contain 220 serviced apartments.
The stucture is being designed to achieving sustainable solutions with 5 King targeting a 6 Star Green Star Design and As Built v1.1 and a NABERS Energy 5 Star rating.