Lendlease's first engineered timber office building in Queensland, 5 King, has been sold to Impact Investment Group (IIG), in its second commercial building acquisition in the $2.9 billion Brisbane Showgrounds redevelopment.

5 King

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, and will be the future home of global engineering firm Aurecon.

Lendlease chief executive officer, Property - Australia, Kylie Rampa said: "Lendlease is extremely proud of its partnership and collaboration with IIG and Aurecon to deliver the next generation of sustainable workplaces in Queensland."

"The office building will offer tenants the opportunity to generate significant business benefits through large, efficient floorplates that provide flexibility for a variety of modern workplace formats. Its location on King Street provides excellent access to lifestyle amenity and transport options for employees," said Rampa.

Lendlease says that buildings made from engineered timber have a lower carbon footprint than other building materials, with the production process producing zero waste, and timbers that are sourced from certified sustainably managed forests.

According to, Aurecon's Queensland regional director, Neil Barr the use of timber to lower the carbon footprint is a medium that Aurecon has used to good effect.

"Aurecon has been closely involved in providing structural and building services engineering design for 5 King, and has taken an active role in reducing building costs through digital design and modularisation," said Barr.

"Our firm has long seen timber as a viable alternative to steel and concrete and 5 King will showcase the strength of CLT in a ten-storey building."