Council secures strategic CBD site

Published on 05 March 2026

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Toowoomba Regional Council (TRC) has acquired the former Betros Brothers Wholesale site on Annand Street in the Toowoomba CBD, an important strategic landholding that strengthens Council’s ability to shape the long-term future of the city centre. 

The acquisition aligns with the vision of Council’s Toowoomba CBD Master Plan, which sets the direction for the vibrant, mixed-use inner city with a goal of having more people living, working, visiting and investing in the CBD. Funding for the purchase was fully offset through the sale of Council’s surplus Middle Ridge nursery site, ensuring the transaction is fiscally responsible and cost neutral.

Mayor Geoff McDonald said the acquisition supported Council’s long-term commitment to building a stronger, more resilient and economically successful CBD.

“This is a future-focused purchase. The CBD Master Plan outlines a bold vision for a thriving city heart and securing strategic sites like this ensures Council can help guide the right kind of investment and development over the coming decades,” Mayor McDonald said.

The former Betros Brothers site sits alongside existing Council-owned land, creating a larger, more connected precinct. This expanded footprint offers flexibility for future planning and the capacity to support projects that could deliver:

  • Catalyst economic activity that attracts new business and supports local operators
  •  Improved public realm, including better walkability and activated streets
  • A broader mix of land uses, strengthening after-hours activity and city centre living
  • Partnership opportunities with the private sector to deliver high quality development outcomes.

Well-known local businessman Kerry Betros said his family welcomed the site’s future role in shaping the CBD.

“Our family has been part of Toowoomba’s business community for generations. This site holds great significance for us and we’re pleased to know it will continue contributing to the city’s growth and vitality,” Mr Betros said.

“Seeing it become part of Council’s long-term vision for the CBD is something we’re proud of.”

While Council is not announcing any development proposal at this stage, the strategic value of the acquisition lies in securing future options, not making immediate changes. The site will be considered as part of Council’s broader program to enhance liveability and promote economic growth in the CBD. 

Mayor McDonald said the acquisition placed Toowoomba in a stronger position as growth continues across the wider region.

“This is about preparing Toowoomba for the next 20 to 30 years. Strategic decisions made now will underpin the prosperity, liveability and success of the CBD for generations.”

Council will continue to progress planning and engagement activities with the community and stakeholders to ensure Toowoomba has a thriving city centre.

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