Australian Unity wins tender to build $1.1 billion Herston Quarter development in Brisbane’s inner city
The mutual fund group beat Lend Lease and Trinity Health’s joint venture and Singapore’s Frasers Property to gain the rights to the high-profile health precinct.
In 2015, Stockland had to withdraw its bid for the site too.
Plans for the five-hectare site, which sits to the Royal Brisbane and Women’s Hospital, include retirement living and aged care accommodation as well as a range of health and hospital services.
The development will be completed in a number of stages over five to ten years.