Construction commences on Frasers Property’s first Build-to-Rent project in Fortitude Valley
Frasers Property Australia today commenced construction of its Build-to-Rent development in Fortitude Valley, Brisbane, to be known as Brunswick & Co.
As the company’s first foray into the emerging sector, the well-connected 2,076 sqm site at 210 Brunswick Street is set to be transformed into 366 studio, one- and two-bedroom apartments across 25 levels.
Residents will enjoy exclusive access to a substantial 1,800 sqm of amenity just 2km from Brisbane’s CBD. With its rooftop pool and dog park, outdoor terraces, library, cinema/karaoke room, cocktail bar, dining and entertainment areas, to co-working office areas, fitness centre and treatment room, Brunswick & Co. will provide people a new way of renting in one of Brisbane’s most vibrant, diverse pockets.
Brunswick & Co. conveniently sits adjacent to the $500 million Valley Metro redevelopment, where its ground level retail and integrated lobby café and bar will blend seamlessly into the thriving and revitalised Brunswick Street precinct.
Cameron Leggatt, Executive General Manager Development, Frasers Property Australia says the company is excited to move into the construction phase of its first Build-to-Rent project nationally.
“Frasers Property is committed to redefining renting at Brunswick & Co. with a focus on customer experience, world-class amenities and a sense of belonging through community development, all delivered in one of Brisbane’s most emerging and vibrant precincts,” Mr Leggatt says.
“This is a major milestone for the local community and we’re proud to collaborate with the Queensland Government and Hutchinson Builders on this landmark project, to help Brisbane meet growing demand in the lead up to the 2032 Olympic Games.”
Following October’s announcement that Hutchinson Builders has been appointed as construction contractor, up to 290 workers will now be employed during the project’s construction phase.
Scott Hutchinson, Chairman, Hutchinson Builders says “We’re very pleased to be starting work on site with Frasers Property and providing jobs for hundreds of people in the construction industry.
“Over time Brunswick & Co. will evolve as a fitting addition to Brisbane’s Fortitude Valley, so we’re particularly excited to deliver a project of this calibre and contribute to the local landscape.”
Brunswick & Co. forms part of the Queensland Government’s Build-to-Rent (BTR) Pilot Project, providing affordable housing options to the inner-city and solidifying the asset class in Brisbane.
Treasurer and Minister for Trade and Investment Cameron Dick says Frasers Property’s Brunswick & Co. Build-to-Rent development would help to drive investment in infrastructure which is crucial to the ongoing delivery of our economic recovery plan.
“Turning the sod today on this Frasers Property project is an important milestone in the growth of Queensland’s Build-to-Rent sector, increasing housing supply and supporting over 290 construction jobs and more through the supply chain,” the Treasurer says.
“This project will offer 366 apartments exclusively for renters, with approximately 40 per cent to be made available at a discounted rent through a subsidy from the Queensland Government.
“This will enable city-based workers to access affordable rental housing closer to their jobs and provide a better lifestyle for their families.
“The first residents are expected to be moving into Brunswick & Co. in 2024, with the development to offer easy access to public transport, co-working offices, shared dining areas and a fitness centre.”
The first residents are expected to move into Brunswick & Co. during 2024.
For more information, visit www.brunswickandco.com.au.