The Herston Quarter project was a commercial redevelopment opportunity to develop one of Australia’s leading health precincts.
Aerial view of the Herston Quarter (artist’s impression)
Estimated $1.1 billion
Metro North Hospital and Health Service
Successful master developer:
From 2017 for approximately 10 years, occurring in stages
Herston Quarter is a five-hectare site (approx.) adjacent to the Royal Brisbane and Women’s Hospital that became available for redevelopment following the relocation of children’s health services to the Lady Cilento Children’s Hospital in South Brisbane.
Treasury Commercial managed the interactive tender process to seek out a private sector Master Developer to deliver a commercially viable mixed-use health-related precinct at no net cost or risk to the state.
Australian Unity was selected by the Queensland Government as the preferred tenderer to elevate Brisbane’s health credentials to achieve the state’s vision, objectives and requirements.
The Herston Quarter Redevelopment Project has now transitioned from Treasury Commercial group to MNHHS, which will manage the roll out of Australian Unity’s masterplan.