Frasers Property Australia has appointed construction company Hutchinson Builders to deliver a new Build to Rent development on Brunswick Street in Fortitude Valley. The project aims to redefine the renting experience and play a key role in urban regeneration in this part of Brisbane. Named Brunswick & Co., the 25-storey building will include 366 units – a mix of studio, one-bedroom and two-bedroom apartments. Frasers Property is targeting a 5 Star Green Star – Design & As Built rating for the development, which will operate as a carbon neutral building once complete.
Brunswick & Co. will also integrate 1,800sqm of amenity space, and includes a rooftop pool and dog park, outdoor terraces, community library, cinema/karaoke room, cocktail bar, dining and entertainment areas, residents-only co-working office areas, a fitness centre and treatment room. The development will also include ground-floor retail and a lobby café and bar. The scheme is within 140 metres of Fortitude Valley Station.
“Hutchinson Builders is the ideal project partner, with the experience in Brisbane to understand the high-quality, lifestyle-focused new way of renting we envisage at Brunswick & Co. The design’s luxe architectural elements and amenities have been tailored specifically for our Build to Rent community. By partnering with Hutchinson Builders, we know that our future residents can rely on a high-quality outcome.
“The placemaking and community development approach for the project will ensure residents enjoy a secure renting experience that prioritises a great lifestyle with a range of amenities, services and initiatives tailored to them, in a development that enriches the character of the local area.
“We look forward to commencing on site, playing our part in the revitalisation of this pocket of the Valley and ensuring the lifestyle focus we’re weaving through the project blends with the regeneration of the local community.”
Scott Ullman, General Manager Development Queensland, Frasers Property Australia
Work is anticipated to commence in the coming months, with Brunswick & Co to welcome its first residents in 2024.
“We are very proud to be involved in this iconic project and to work with Frasers Property Australia. This project will generate significant training and local job opportunities; we estimate a peak workforce on site of up to and in excess of 250 construction workers.”
Scott Hutchinson, Chairman, Hutchinson Builders
Part of the Queensland Government’s Build to Rent Pilot Project, Brunswick & Co. aims to deliver affordable housing options to the inner-city and cement Build to Rent as a viable asset class in Brisbane.
“Our Covid-19 Economic Recovery Plan for Queensland is supported by the continued growth of our construction sector. Projects like this create secure jobs for our tradies and provide a significant economic boost for surrounding small businesses.
“This partnership between the Palaszczuk Government, Frasers Property Australia and Hutchinson Builders will generate work for hundreds of Queenslanders now and deliver more affordable housing in Brisbane for the future.
“It’s going to be a life-changing opportunity for many city-based workers and their families to live closer to their jobs in well-priced, high-quality housing.”
Cameron Dick, Queensland Treasurer and Minister for Investment
On completion, Frasers Property will own and operate the development, with the Queensland Government subsidising the rental of several apartments as affordable rental housing for key workers. The remaining apartments will be offered at market rents.
The building design is intended to pay homage to the location through the integration of brick in the façade, creating a texture that mirrors the surrounding heritage-listed buildings synonymous with Fortitude Valley. The podium design responds to the scale, form and materiality of the McWhirters Building, also on Brunswick Street.
