The Federal Treasurer, Jim Chalmers MP marked the commencement of Exhibition Quarter, Lendlease and QuadReal Property Group’s first build-to-rent residential apartment building at Brisbane Showgrounds in Queensland.
The new development will provide residents with an alternative to the traditional rental market, with 443 build-to-rent residences in a mix of studio, one-, two- and three-bedroom apartments over 37 levels.
Located at 498 St Paul’s Terrace, Bowen Hills, the project has a strong focus on health and wellbeing, premium amenities and communal spaces.
Exhibition Quarter will include a 25m lap pool with beach edge, fully equipped gym, outdoor spa retreat, yoga room as well as podcast and music recording studios, BBQ pavilion, co-working amenities, dog wash facilities and resident lounges.
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Residents will also have access to a 24-hour first class concierge service, as well as 225 car parks and 471 bike spaces on the podium level.
Exhibition Quarter will be fully electric with no gas, enabling it to be 100 per cent powered by renewable electricity, and will target a 5 Star Green Star Buildings Version 1 rating.
QuadReal is a joint venture partner and co-owner of the development with Lendlease, with Lendlease also acting as development manager and investment manager.
Lendlease Australia CEO Dale Connor said that the project marks the commencement of Lend Lease’s build-to-rent capability in Australia.
Completion of this project is expected around late 2025.