The Courier Mail
One year after making a stunning debut on the international stage at host of the G20, Brisbane has notched up another victory by joining the exclusive “New World City’’ club.
The Queensland capital arrived onto the coveted list, compiled by global real estate giant JLL in partnership with London-based “The Business of Cities,” partly because of its strong investment climate.
But Lord Mayor Graham Quirk believes an emerging cultural scene is combining with a thriving, 21st century economy to make Brisbane one of the world’s most desirable places to live.
“Last year during the G20 Leaders Summit Brisbane was showcased to the world and it is no surprise that Brisbane is now internationally recognised as a New World City,’’ he said.
“Brisbane truly is one of the few cities in the world with everything _ we have the perfect combination of great weather, enviable green spaces, lively bars and restaurants, world class art galleries and premier events.”
JLL, with headquarters in Chicago, and The Business of Cities, with partnerships with the World Bank and the OECD, complied the list using data from over 200 city indices and have a classification of “emerging,’’ “new” and “established’’ world cities.
New World cities are smaller, often specialised but highly globally oriented while boasting an attractive quality of life with fewer social, environmental or economic “externalities’’ such as crime, pollution or congestion
Following the international exposure of the G20, Brisbane received one million annual international visitors for the first time ever in 2014/15, with expenditure reaching a record high of $1.8 billion.
John Aitken, Chief Executive Officer of Brisbane Marketing said that Brisbane, like those in a select group of 24 cities possessing new world city attributes, was an energetic, emerging global gateway competing for talent, capital, innovation, students, visitors and major events.
“What separates New World Cities from established and emerging world cities is a realisation that lack of space and affordability, high pollution and city congestion have emerged as significant problems for future growth, quality of life for residents and the ability to attract talented people,” Mr Aitken said.
Mr Aitken said one of the key characteristics defining a new world city was the lifestyle quality its urban environment affords.