ResidentialStaff WriterThu 24 Jul 14
Qualitas and Consolidated Team Up For 550 Queen Street
Queensland developer
Consolidated Properties, has finalised a $200 million deal with
Qualitas to fund its 550 Queen Street development in Brisbane's CBD.
According to The Australian Financial Review, under the deal, Consolidated Properties will provide some capital as well as the development site.
The Melbourne-based financier will provide the remaining capital for the creation of 300 apartments on the site that has previously been given approval for an office tower.
Consolidated purchased the 550 Queen Street site in 2012 from receivers for $2.8 million.
