Tuesday 25 December 2025

 

Corval is pleased to announce the acquisition of 545 Queen Street, Brisbane, a prominently positioned office asset located at the northern gateway to the Brisbane CBD.

 

The acquisition reflects Corval’s continued conviction in well-located, high-quality office assets acquired at attractive entry points, particularly within markets supported by improving fundamentals, limited new supply, and favourable long-term demand dynamics.

 

Brisbane’s office market continues to demonstrate resilience, with tightening vacancy levels, constrained future development pipelines, and growing tenant demand for high-quality, sustainable buildings.

 

Within this context, 545 Queen Street presents a compelling opportunity to secure income while positioning the asset for future value creation.

 

The property benefits from a strong existing tenant profile, providing secure and diversified income, alongside recent refurbishment works that have enhanced the building’s functionality, sustainability, and market appeal. These upgrades have delivered strong ESG credentials, including a 6-Star NABERS Energy rating, aligning the asset with increasing tenant and investor expectations around sustainability and operational efficiency.

 

In addition to its income profile, 545 Queen Street offers medium-term upside through active asset management, including leasing initiatives, ongoing optimisation of the building’s amenity, and strategic capital deployment to further strengthen the asset’s long-term performance. Its edge-of-CBD location on a substantial land holding, with excellent access to transport and key commercial precincts, further underpins its strategic value.

This acquisition is consistent with Corval’s proven approach to active asset management and repositioning across office and mixed-use assets, leveraging deep market knowledge and hands-on execution to drive performance throughout the investment lifecycle.

 

We look forward to executing our strategy for 545 Queen Street and thank our investors and partners for their continued trust and support.