The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THIS THURSDAY
AFFORDABLE HOUSING SUMMIT THIS THURSDAY
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
6
print
Print
OtherTue 24 Jul 18

Brisbane Office Towers Hit the Block for the First Time in 25 Years

35d850ab-7626-42a1-96ed-8041c6cac681

Canadian property group Quadra Pacific is withdrawing from the Queensland market, listing two major Brisbane office towers with price expectations over the $200 million mark.

The office towers, 16-level 133 Mary Street and five blocks uptown 28-level 288 Edward Street, have both been put up for sale.

The family-owned company bought the properties in 1993, with the listings marking the first time in 25 years both assets have been offered to market.

Quadra has said the decision to sell the properties is to repatriate capital to Canada for other prospects.

Quadra extensively refurbished 133 Mary Street and another refurb is scheduled for Edward Street.

The sites are on the market with Seb Turnbull and Luke Billiau of JLL.

Related: Brisbane Office Market's $2 Billion Investment Boom

Image: JLL


“Both properties are truly unique and competitive in their offering, with exceptional investment fundamentals including central and connected locations, large site areas and a combined $26 million invested in major repositioning and upgrade works over recent years,” JLL’s director of capital markets Queensland Luke Billiau said.

JLL’s head of capital markets Queensland Seb Turnbull said the buildings are perfectly positioned central to Brisbane’s most exciting infrastructure projects.

“Connectivity to the assets will also be significantly enhanced by the proposed Cross River Rail Albert Street Station located in direct proximity,” Turnbull said.

Once the two Brisbane listings are sold, Quadra Pacific's last remaining Australian property will be at 10 Russell Street, Toowoomba, which was purchased in 1995.

OtherOfficeInfrastructureAustraliaBrisbaneDeal
ADVERTISEMENT
TOP STORIES
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
View All >
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
101 Punt Road Windsor James Park Investments
Build-to-Rent

James Park Investments Plans 399-Unit BtR Windsor Tower

Leon Della Bosca
Residential

Top 5 Developers Building Land Lease Communities in 2025

Shravanth Reddy
While land lease has grown as an asset class, it's not a simple swap for traditional communities developers looking to d…
LATEST
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
5 Min
101 Punt Road Windsor James Park Investments
Build-to-Rent

James Park Investments Plans 399-Unit BtR Windsor Tower

Leon Della Bosca
3 Min
Residential

Top 5 Developers Building Land Lease Communities in 2025

Shravanth Reddy
3 Min
The 68ha greenfield site in Onkaparinga Heights, formerly part of Hackham, was rezoned in early 2023 from rural land to a masterplanned neighbourhood zone to build 1000 homes.
Residential

Thousand-Home Site Comes to Market in Adelaide’s South

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/quadra-pacific-brisbane-office-towers