Office tower acquired for purpose-built student accommodation (PBSA) in prime Brisbane CBD location. Originally constructed in 1979, and formally home to the QLD Government for ~43 years, the property was acquired with vacant possession in 2024 in order to undertake the PBSA conversion.
INVESTMENT OVERVIEW
Address
41 George Street, South Brisbane, QLD
Asset Class
PBSA Conversion
Purchase Price
$123.00M
NLA
29,960 sqm
Investor Type
Joint Venture
Net IRR
Confidential
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Marquette Investment Managers Pty Ltd (ABN 53 147 490 042) is authorised and licensed by the Australian Securities and Investments Commission (ASFL 398526). ©2024 Marquette Properties Pty Ltd (ABN 83 143 241 758). All rights reserved.