{"id":45326,"date":"2023-11-17T08:50:55","date_gmt":"2023-11-16T19:50:55","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=45326"},"modified":"2023-11-17T08:50:55","modified_gmt":"2023-11-16T19:50:55","slug":"gina-rineharts-latest-240million-purchase","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/gina-rineharts-latest-240million-purchase\/","title":{"rendered":"Gina Rinehart&#8217;s latest $240million purchase"},"content":{"rendered":"<p><strong>PHOTO: Gina Rinehart. FILE<\/strong><\/p>\n<p>Australia&#8217;s wealthiest individual, mining tycoon <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Gina+Rinehart&amp;submit=Search\">Gina Rinehart<\/a>, has invested approximately $240 million in acquiring a prestigious office tower, 175 Eagle Street, in Brisbane&#8217;s CBD. The purchase, made from property investment fund Charter Hall, signifies a notable shift back to high-end office spaces, instigating concern among those who have embraced remote work.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"4wemNF76SK\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/gina-rineharts-right-hand-man-puts-mansions-up-for-sale-watch\/\">Gina Rinehart&#8217;s right hand man puts mansions up for sale | WATCH<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cGina Rinehart\u2019s right hand man puts mansions up for sale | WATCH\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/gina-rineharts-right-hand-man-puts-mansions-up-for-sale-watch\/embed\/#?secret=L0VIGRTtKZ#?secret=4wemNF76SK\" data-secret=\"4wemNF76SK\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>The 19-floor &#8216;A-grade&#8217; building, offering stunning views of the Brisbane River and Kangaroo Point, reflects a growing trend of major employers reconsidering traditional office setups. Vacancies in luxurious office blocks, which surged during the Covid pandemic when remote work was prevalent, are gradually being filled again.<\/p>\n<p>Charter Hall&#8217;s shares surged over 10% in response to the sale, indicating a positive outlook for premium office spaces. David Harrison, Charter Hall&#8217;s CEO, sees this transaction as evidence that top-tier office towers will endure the post-Covid era.<\/p>\n<p>A survey of Australian business leaders suggests a general consensus that remote work&#8217;s days are numbered. Two-thirds of CEOs believe that traditional white-collar roles will fully return to the office within three years, diverging from the current hybrid model.<\/p>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img fetchpriority=\"high\" decoding=\"async\" id=\"i-bf9133cc8e2efb4a\" class=\"blkBorder img-share b-loaded\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/16\/12\/77876237-12756863-Mining_tycoon_Gina_Rinehart_pictured_bought_175_Eagle_Street_in_-a-13_1700138498386.jpg\" alt=\"Mining tycoon Gina Rinehart (pictured) bought 175 Eagle Street in Brisbane's CBD from Charter Hall, a property fund specialising in 'A-grade' office buildings\" width=\"634\" height=\"870\" data-gallery-handler-attached=\"true\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">Mining tycoon Gina Rinehart (pictured) bought 175 Eagle Street in Brisbane&#8217;s CBD from Charter Hall, a property fund specialising in &#8216;A-grade&#8217; office buildings<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\">\n<div class=\"mol-img\">\n<div class=\"image-wrap fff-pic\"><img decoding=\"async\" id=\"i-b569431b9c7e2768\" class=\"blkBorder img-share b-loaded lazyload\" data-src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/16\/13\/77876227-12756863-175_Eagle_Street_boasts_of_two_river_promenade_levels_with_retai-a-37_1700142364764.jpg\" alt=\"175 Eagle Street boasts of two river promenade levels with retail space, a mezzanine level and 'up to 1,159 square metres of column-free floors'\" width=\"634\" height=\"638\" data-gallery-handler-attached=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 634px; --smush-placeholder-aspect-ratio: 634\/638;\" \/><\/div>\n<\/div>\n<p class=\"imageCaption\">175 Eagle Street boasts of two river promenade levels with retail space, a mezzanine level and &#8216;up to 1,159 square metres of column-free floors&#8217;<\/p>\n<\/div>\n<p>In a surprising revelation, 75% of Australian CEOs expressed a willingness to reward employees who make extra efforts to work in the office with raises, promotions, and more engaging tasks. Additionally, nearly 40% of senior executives plan to differentiate wages between remote and in-office staff in the next three to five years.<\/p>\n<p>Gina Rinehart&#8217;s latest acquisition, featuring river promenade levels, retail space, and contemporary furnishings, adds to her growing property portfolio. With a personal wealth of $37.4 billion, Rinehart remains Australia&#8217;s wealthiest person, benefiting from her company Hancock Prospecting&#8217;s substantial profits and investments in Queensland&#8217;s energy and agriculture sectors. Her strategic property investments align with Brisbane&#8217;s $45 billion infrastructure boom ahead of the 2032 Olympic Games.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Gina Rinehart. FILE Australia&#8217;s wealthiest individual, mining tycoon Gina<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/gina-rineharts-latest-240million-purchase\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":12254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478115573,478128693,478128715,478098512,478128700,478112315,478098538,478099866,478100818,478128692,478128698,478098525,478128711,478128710,478112288,478108309,478128714,478128707,478098603,478104767,478128694,478128702,478108845,478098943,478115053,478128691,478128696,478128712,478128699,478128697,478128713,478128706,478098644,478128705,478128695,478128709,478128708,478098576,478128701,478128703,478128704],"class_list":["entry","author-data123nz","post-45326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-2032-olympic-games","tag-a-grade-building","tag-agriculture-sector","tag-australia","tag-australian-ceos","tag-australian-financial-review-rich-list","tag-brisbane","tag-brisbane-cbd","tag-brisbane-river","tag-charter-hall","tag-charter-hall-shares","tag-commercial-real-estate","tag-commodity-prices","tag-contemporary-furnishings","tag-covid-pandemic","tag-david-harrison","tag-energy-sector","tag-engaging-tasks","tag-gina-rinehart","tag-hancock-prospecting","tag-high-end-offices","tag-hybrid-work-model","tag-infrastructure-boom","tag-investments","tag-kangaroo-point","tag-office-tower","tag-office-vacancies","tag-personal-wealth","tag-post-covid-era","tag-premium-office-spaces","tag-profits","tag-promotions","tag-property-portfolio","tag-raises","tag-remote-work","tag-river-promenade-levels","tag-senior-executives","tag-sunshine-coast","tag-traditional-office-roles","tag-wfh","tag-work-from-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gina Rinehart&#039;s latest $240million purchase - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/gina-rineharts-latest-240million-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gina Rinehart&#039;s latest $240million purchase - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Gina Rinehart. 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