Build-to-RentPhil BartschThu 12 Nov 26
Dalcott, Pellicano Towers Greenlit for Brisbane’s CBD Doorstep

Dalcott duo Ben Dalgliesh and Lachlan Cottee have been given the green light to hoist their development banner in South Brisbane.
The approval for a dual-tower project dubbed Marrone will deliver 97 apartments to the sought-after precinct on the Brisbane CBD’s doorstep.
Having broken from the Pyco brand, brought construction in-house and consolidated a cluster of sites, it marks Dalcott’s debut on the South Brisbane skyline.
With approval in hand, construction is slated to begin in the second quarter of 2027.
The scheme designed by DAH Architecture comprises two midrise towers, each with 10 residential levels topped by rooftop communal recreation amenities.
It supersedes a previously approved single-tower, 65-unit proposal.
Dalcott reworked its plans after acquiring an adjoining 910sq m site, creating a combined 2746sq m footprint fronting Browning and O’Connell streets.
The residential mix in Marrone includes smaller format units but is weighted towards larger format owner-occupier product, accommodating 16 two-bedroom and 81 three-bedroom apartments.
That may change, Dalgliesh told The Urban Developer.
“We recognise things are changing within the market,” he said. “That having more variety of product, like more two-bedroom and more compact three-bedroom apartments is probably a better option.”

Marrone will also integrate 332sq m of communal open space and rooftop recreational amenities, including a swimming pool and spa, sauna, magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.
Basement parking space would be provided for 120 resident and five visitor vehicles.
Dalcott also has a third South Brisbane tower—dubbed La Terra—in the works for an adjoining corner site—acquired from Aria Property Group—that is likely to push the overall residential yield of the South Brisbane holding closer to 150 units.
Meanwhile, Pellicano has been given the go-ahead for its 25-storey tower at 157–163 Leichhardt Street, Spring Hill, on the northern doorstep of the Brisbane CBD.
It acquired the site from Upra Holdings in December of 2024 for $12.1 million.

While the site was previously approved in 2023 for 112 build-to-sell apartments, Pellicano revised the plans, converting the project into a dual build-to-rent and short-term accommodation scheme.
Under the new scheme, the yield comprises 116 build-to-rent apartments and 144 short-term accommodation units—with operations split between Pellicano Living and Rambla.
The reworked configuration required internal floorplate amendments and on-site parking provision was increased to 163 vehicle spaces, up from the earlier 146.
Communal facilities planned within the approved tower include a rooftop pool, cinema, gym, and barbecue areas, as well as a commercial wellness centre with saunas and steam rooms.
















