The commencement of Lendlease and QuadReal Property Group’s first Build to Rent residential apartment building Exhibition Quarter at Brisbane Showgrounds in Queensland was recently marked by Federal Treasurer Hon Dr Jim Chalmers MP.
The 443-apartment development will provide a mix of studio, one-, two- and three-bedroom apartments over 37 storeys.
After recently breaking ground, Lendlease will be acting as development and investment manager alongside joint venture partner and scheme co-owner QuadReal.
Health and wellbeing focussed amenities and communal spaces at Exhibition Quarter include a 25m lap pool with beach edge, a fully equipped gym, an outdoor spa retreat, and a yoga room – as well as podcast and music recording studios, a BBQ pavilion, co-working amenities, dog wash facilities and resident lounges.
“Exhibition Quarter marks the commencement of our Build to Rent capability in Australia as we bring our global experience to the emerging sector, creating one of the few global Build to Rent platforms. We commend the Federal Government’s recent Build to Rent policy reforms, which will help create a more viable Build to Rent sector and we look forward to playing our role in boosting the supply of high-quality, long-term rentals in the Australian market.”
Dale Connor, CEO, Lendlease Australia
Residents will also have access to a 24-hour concierge service, as well as 225 car parking and 471 bike spaces on the podium level.
Queensland-based Exhibition Quarter will be fully electric with no gas, enabling it to be 100% powered by renewable electricity.
The developers aim to target a 5 Star Green Star Buildings Version 1 rating.
Completion of the Build to Rent scheme is expected in late 2025.
