The tower, with tenants including the Australian Passport Office and Boeing Defence Australia, sold for almost $65 million last month.
A CBD office building sold for almost $65 million in April is set to be transformed into student accommodation, with plans for the conversion submitted to Brisbane City Council this week.
The tower had average lease expiry of about 8½ months as of the end of 2023, Australian Unity fund manager Nikki Panagopoulos told the Australian Stock Exchange at the time of last month’s sale.If approved, the building would be fitted out with 371 purpose-built student accommodation units. “This adaptive reuse significantly reduces construction timeframes and removes barriers to market,” Urbis said.
“Future residents will benefit from direct and convenient access to a range of educational establishments,” Urbis said.
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