Summary:
- Marquette Properties acquired the 63 George Street office tower in Brisbane from QIC for $52 million, expanding its local portfolio and complementing its nearby PBSA project at 41 George Street.
- The 10,586 sqm asset is fully leased to the State of Queensland until April 2029, providing secure government-backed income amid improving fundamentals and limited new office supply in Brisbane’s CBD.
- Situated on a 1,750 sqm PC1-zoned site, the property offers development flexibility for residential, hotel, or commercial uses up to 274 meters, supporting Brisbane’s urban transformation ahead of the 2032 Olympics.
Original article:
https://www.theurbandeveloper.com/articles/marquette-brisbane-george-street-office-tower-buy
