Seymour Group has sold 210 Brunswick St to Frasers Property Australia.
Frasers has been named as one of two developers successful in a bid to join the Queensland Government’s Build-to-Rent (BTR) Pilot Project. The announcement is the culmination of a two-year process which will see the creation of BTR as a viable asset class in Brisbane and the delivery of affordable key-worker housing options to the inner-city.
Under the Pilot Project agreement, Frasers Property will develop 354 apartments on a 2,020 sqm site at 210 Brunswick Street, Fortitude Valley, within 140 metres of Fortitude Valley Station.
Upon practical completion, Frasers Property will own and operate the development with the State Government subsidising the rental of 144, or 40 per cent, of the apartments by 25 per cent. The remaining 210 apartments in the building will be offered at market rental with all apartments enjoying the same high standards of finish and amenity access.