Quintessential is proud to announce the successful acquisition of 240 Queen Street, Brisbane, in a landmark deal valued at $250 million.

This acquisition, from Brookfield, is a significant milestone for Quintessential, representing our second major purchase in less than a year, following the acquisition of 1 Margaret Street, Sydney, for $293.1 million in September.

Located in Brisbane’s prestigious ‘Golden Triangle,’ 240 Queen Street is an A-Grade office tower that encompasses 27,632 sqm of premium space, including 24,922 sqm of office and 2,710 sqm of retail areas. This prime location features state-of-the-art end-of-trip facilities, luxury retail outlets, and excellent connectivity to public transport, making it one of Brisbane’s most desirable business addresses.

Andrew Borger, Quintessential’s Chief Investment Officer, emphasised the strategic importance of this acquisition: “240 Queen Street is a top-tier asset. Our planned $31 million regeneration works will further enhance its appeal and functionality, ensuring it remains a premier destination in the Brisbane CBD.”

The property boasts an impressive roster of tenants, including Commonwealth Bank, Hall Chadwick Accountants, ASIC, Hall and Wilcox, and Christie Spaces, which operates a vibrant co-working space. This diverse tenant mix underscores the building’s reputation as a prime location for leading businesses.

Quintessential’s commitment to sustainable and responsible development will be reflected in the planned upgrades, reinforcing our dedication to creating exceptional and environmentally friendly office spaces.

For more information about this acquisition, download the press release here.

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