Targeting 15% + net equity IRR with 8% inital yield*
*Target returns are before tax and performance fees
Significant discount to replacement cost and peak valuation
Diversified tenant base with strong covenants
Wholesale investors only
Corval 545 Queen Street Trust
The Corval 545 Queen Street Trust intends to acquire 545 Queen Street, Brisbane, a prominently positioned office building located at the northern gateway to Brisbane’s CBD. The asset comprises approximately 13,300 sqm of NLA together with ground floor retail and basement car parking. The property is currently 75% occupied, underpinned by a diverse tenant mix from both private and government sectors, providing secure income with potential for value enhancement through active management and leasing initiatives.
Strategically located on a major CBD thoroughfare, 545 Queen Street offers excellent connectivity to Brisbane’s key commercial, retail, and lifestyle precincts, as well as convenient access to public transport and major arterial routes. With limited new supply and strong tenant demand for well-located, affordable office accommodation, the acquisition represents an opportunity to secure a high-quality asset in a strengthening Brisbane market.
Investment Features
Minimum Investment: | $100,000 |
Investor Eligibility: | Wholesale investors only |
Distribution Frequency: | Quarterly (income not guaranteed) |
Key Dates: | Offer Opens: Wednesday 5 November 2025 Offer Closes: Wednesday 10 December 2025 (subject to closing early) |
Strong leasing market and office market fundamentals:
The Brisbane office market experienced the strongest effective rental growth across all major markets across
all sectors in 2024. Net effective rental growth of 14% was recorded over 2024 for the Brisbane CBD.
Acquired below replacement cost:
The purchase price is circa 65% below the estimated replacement costs, based on our preliminary assessment.
Corval’s track record in active office investments:
Corval has a strong track record of delivering attractive returns from buying office assets with a value-add strategy, implementing active asset strategies and executing timely disposals to maximise investor returns.
Next Steps
- Request and review a copy of the Information Memorandum.
- Complete your application form.
- Transfer cleared funds by Wednesday 10 December 2025.
- Receive formal confirmation via a unitholding certificate shortly after the close of the raise.
Speak with our Team
Anna Tearle
Business Development Associate
+61 423 080 526
Important Information
Corval Partners Limited (ACN 130 628 830) (Corval Partners) is the trustee of the Corval 545 Queen Street Trust (Fund). Before making an investment in relation to the Fund, it is important you read the Information Memorandum (IM) dated 2 November 2025.
The information included on this website has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the IM and consult your financial adviser or other professional advisers to determine whether the Fund suits your objectives, financial situations or needs. If you acquire units in the Fund, then Corval Partners and its related parties may receive fees from the Fund. Those fees are disclosed in the IM.
Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, then it may result in reduced distributions and/or a loss of some or all of your capital invested. The IM includes further examples of some of the key risks of an investment in the Fund. Past performance is not indicative of future performance. Any forward-looking statements on this website are provided as a general guide only and subject to the risks and assumptions set out in the IM. Neither capital growth, distributions or tax consequences are guaranteed.