SOCIAL INFRASTRUCTURE
OFFICE heavyweight Dexus is teaming up with Marquette Properties to repurpose a B-grade office tower in Brisbane’s CBD into a $500 million purpose-built student accommodation...
The 27-storey building at 41 George Street is being acquired through Dexus’ opportunistic fund series, Dexus Real Estate Partnership (DREP), with 5% of the economic interest held by...
The $123 million joint acquisition and venture comes as office vacancies remain elevated in the wake of structural changes to the sector such as working from home...
Dexus and Marquette will reutilise the existing structure, centralised lift core and façade at 41 George Street, and the finished product include three floors of resident amenities including gym...
This transaction demonstrates our ability to leverage the broad set of capabilities across our platform to create value for clients and investors. This includes special situations investing...
As a result of this investment, DREP1 is now fully deployed, having executed 15 investments. DREP2 is currently open for investment and is expected to be substantially larger than DREP1...
Brisbane’s student accommodation market reflects the national situation in which the current pipeline of 7,770 new beds due to come online by 2026 will not meet demand...
Toby Lewis, managing director of Marquette, said the 2,811sqm site, cornered by Margaret Street, was ideally positioned to capitalise on the CBD’s evolving educational profile in a city suffering from...
He said Griffith University’s recent acquisition of the Treasury Building for a new CBD campus enhances a tertiary mix that already includes UQ Brisbane City, QUT’s Gardens Point campus and...
The introduction of 1,200 student beds represents a significant boost to supply, representing the equivalent of 12 50 two-bedroom apartments blocks,” he said...
Adaptive reuse of lower-graded commercial buildings is slowly gaining momentum as a means to address chronic housing shortages across the country while dealing with...
Build-to-rent investment manager Apt.Residential has just $55 million on two historical brick commercial buildings in Sydney’s Ultimo, which it will repurpose into rental...
On a broader scale, a study by architects Hassell conducted for the Property Council of Australia estimated that about 86 office buildings in Melbourne are...