Hutchinson Builders’ Post

After almost 5 years of analysis and 12 months of detailed due diligence, we are very happy to announce that we have settled 41 George Street, Brisbane alongside our joint venture partner Dexus. We are humbled to be partnering with such a significant force in the Australia property sector and thank Ross Du Vernet, Brenton McEwan, Stuart Carr, Jason Howes, James Curtin and many others for their commitment to the project and support of Marquette. 41 George Street, Brisbane was originally constructed in 1979 and was home to the QLD Government for over 43 years. In 2024, the Government vacated the property which has allowed for the former office asset to be re-imagined as a student housing conversion opportunity for over 1,200 occupants. The tower currently comprises approximately ~30,000sqm of NLA over 26 floors, has ~1,100 sqm floor plates, and features 120 car parks, all of which will be meticulously converted into accommodation and associated retail uses. Marquette have been involved in three of the four current Brisbane CBD PBSA assets and we are excited to now be undertaking a fourth project alongside Dexus. We have partnered with our preferred building partner Hutchinson Builders to deliver this exciting new project, and thank them and all of our consultants for their efforts in relation to this opportunity. 41 George Street is a premium location for PBSA development and is a perfect opportunity to sustainably optimise an existing structure for a new use. For further information, please reach out to the team.