Exclusive Wholesale
Investment Opportunity

An exclusive opportunity to invest in a landmark Brisbane CBD asset, combining attractive acquisition pricing, embedded leasing upside and long-term growth supported by transformative infrastructure and Olympic investment.

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133 Mary Street, Brisbane

Strategic 2,867 sqm corner site bordering the Golden Triangle within 100 metres of the new $6.3B Albert Street Station (opening 2029), providing exceptional convenience for office workers and shoppers. 133 Mary Street is well positioned to benefit from significant positive rental reversion as Brisbane office momentum continues to strengthen.

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15.1%-17.1%
Target Net IRR
17.1% - 21.0%
IRR Potential Outperformance Range
6%
ANNUAL DISTRIBUTIONS (COMMENCING YEAR 3)
$116.8B
State Government Infrastructure Investment
#1
Brisbane ranked NO. 1 worldwide for net effective rent growth in 2024 (CBRE)
72%
Below Fully Let Replacement Cost

Brisbane

A global outperformer

Brisbane is one of the world’s best performing office markets. Supported by leading economic and population growth, together with generational government infrastructure investment, Brisbane is well positioned to outperform over the coming decade.

133 Mary Street sits ~100m of the first new CBD rail station Brisbane has seen in over 120 years. The Cross River Rail project, representing a $6.3 billion public investment, is expected to significantly increase pedestrian traffic through the precinct.

QLD is set to benefit from $116 billion in state government infrastructure investment over the next 4 years.¹

The Brisbane office sector was ranked #1 globally for net effective rental growth across all property markets and cities in 2024.²In 2025 secondary effective rents lifted 20.9% YoY, as spillover demand supported B-Grade rental growth.³

Brisbane's population has grown by 21% since 2013⁴, the fastest rate of any Australian capital, and is projected to grow by a further 46% by 2046⁵.

Brisbane has the fastest growing working age population among Australia's major cities, with 7.7% growth against an average of 4% across major cities.⁶

High cost of construction is likely to materially dampen future supply. As a result, economic rents for most assets have risen by 40% to 90% and sit 20% to 30% above market rents. This dynamic makes new development increasingly difficult to underwrite, driving rental growth and lower vacancy for existing, well-located office assets as supply remains constrained.

ALBERT STREET STATION
1/6

133 Mary Street sits ~100m of the first new CBD rail station Brisbane has seen in over 120 years. The Cross River Rail project (opening in 2029), representing a $6.3 billion public investment, is expected to significantly increase pedestrian traffic through the precinct.

INFRASTRUCTURE
2/6

QLD is set to benefit from $116 billion in state government infrastructure investment over the next 4 years.¹

RENTAL GROWTH
3/6

The Brisbane office sector was ranked #1 globally for net effective rental growth across all property markets and cities in 2024.²In 2025 secondary effective rents lifted 20.9% YoY, as spillover demand supported B-Grade rental growth.³

POPULATION GROWTH
4/6

Brisbane's population has grown by 21% since 2013⁴, the fastest rate of any Australian capital, and is projected to grow by a further 46% by 2046⁵.

LABOUR MARKET
5/6

Brisbane has the fastest growing working age population among Australia's major cities, with 7.7% growth against an average of 4% across major cities.⁶

FUTURE SUPPLY CONSTRAINTS
6/6

High cost of construction is likely to materially dampen future supply. As a result, economic rents for most assets have risen by 40% to 90% and sit 20% to 30% above market rents. This dynamic makes new development increasingly difficult to underwrite, driving rental growth and lower vacancy for existing, well-located office assets as supply remains constrained.

Asset Strategy

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Grow Income

  • Lease up the remaining 34% vacancy using our best-in-class leasing platform.
  • Activate the vacant space via the refurbishment and construction of speculative fit outs providing convenience and speed for prospective tenants. Ultimately reducing downtime.
  • Installation of digital signboard on the corner of Mary & Edward Streets.
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Optimise Capital Expenditure

  • Implement a targeted base building capital works program in partnership with Quintessential's proven in-house expertise, over the past 16 years.
  • Refurbish bathroom amenities across the building to improve tenant experience and leasing appeal.
  • Reposition the ground floor to enhance building presentation and maximise tenant engagement.
  • Deliver a cost-efficient retail annex refurbishment within the existing footprint that will increase and create new income streams.
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Enhance Engagement

  • Deliver the "Love the Tenant" philosophy to retain and attract occupiers, aligned with Quintessential's 91% tenant retention rate since 2010.
  • Renew the 51% of NLA subject to lease expiry within the next 3 years capturing positive rental reversion in a supply constrained market.
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Deliver Efficiencies

  • Reduce operational expenditure to increase net operating income via national portfolio deals.
  • Develop and deliver standard procedures for key day-to-day operational activities. Utilising our internal asset and operational management expertise.
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Enhanced Asset

  • Rental Reversion to Grow Income
  • Tenant Retention and Experience
  • Reduce Operational Costs
  • Capital Expenditure Uplift
  • Management Expertise
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About Quintessential

Everything we do is driven by our commitment to provide an exceptional experience to our investors - leading to exceptional outcomes.

Our investment approach is dynamic yet simple. We exercise discipline and patience to only acquire properties which meet all of our strict-purchasing criteria. Upon acquisition, we leverage our in-house expertise in engineering, construction and property management to not only extract value for our investors, but more importantly, mitigate risk. Capital preservation is absolutely fundamental to our approach.

Our Track Record

22.3% IRR

WEIGHTED AVERAGE NET INTERNAL RATE OF RETURN FOR ALL SOLD PROPERTIES

118% TR

WEIGHTED AVERAGE NET TOTAL RETURN FOR ALL SOLD PROPERTIES

91% TRR

TENANT RETENTION RATE AS AT JUNE 2025

22.3% IRR

WEIGHTED AVERAGE NET INTERNAL RATE OF RETURN FOR ALL SOLD PROPERTIES

118% TR

WEIGHTED AVERAGE NET TOTAL RETURN FOR ALL SOLD PROPERTIES

91% TRR

TENANT RETENTION RATE AS AT JUNE 2025

For more information please contact our Invest team

Justin Mills

Chief Executive Officer

Justin Mills
Chief Executive Officer

Chief Executive Director, Justin Mills, brings over 25 years of leadership experience spanning property and retail, with a focus on growth and innovation. Justin’s extensive background includes leading key acquisitions and strategic developments as Head of Retail Asset Management at Holdfast/Parkstone Funds Management, spearheading Australia’s largest retail solar program as Chief Innovation Officer at Vicinity Centres, and managing significant assets for the Gandel Group, such as the renowned Chadstone Shopping Centre.

Justin employs customer-centric strategies and operational excellence while building high-performing teams that drive superior asset management. His vision and expertise in navigating complex industry challenges result in vibrant, sustainable environments that attract tenants and foster long-term loyalty.

Noah Warren

Chief Operating Officer

Noah Warren
Chief Operating Officer

Chief Operating Officer, Noah Warren, brings a passion for people and asset management developed over 12 years with Quintessential. Noah’s exceptional leadership, service, and strategic asset management cultivate lasting relationships with stakeholders and enhance tenant satisfaction. His commitment to sustainability and thoughtful design drives exceptional tenant retention.

With a hands-on approach, Noah directs the transactions team to identify and secure value-focused opportunities in office and industrial spaces. Under his guidance, the asset management team implements effective tenant engagement strategies, robust leasing and marketing plans, and comprehensive CapEx programs, while efficiently managing properties for risk-mitigated returns.

Stephen Tilston

Head of Private Clients

Stephen Tilston
Head of Private Clients

Head of Private Clients and Strategic Partnerships, Stephen Tilston, brings 25+ years of investment expertise in Australia and the UK. He has worked with Moelis Australia, Hyperion Management, and Perpetual Limited, developing deep knowledge in funds management and capital raising.

Stephen employs exceptional investment growth strategies that ensure high-value opportunities for investors, underpinned by well-established relationships with Family Offices, Wholesale Advice Firms, and high-net-worth individuals.

Lisa Pye

Investor Relations Manager

Lisa Pye
Investor Relations Manager

Lisa is a seasoned Investor Relations professional with over 20 years of experience spanning property investment, investment banking, and corporate communications. In her role as Investor Relations Manager at Quintessential, she is responsible for driving capital raising initiatives, strengthening investor engagement, and delivering strategic communications. Her career includes roles at top-tier firms such as Goldman Sachs and Macquarie Group across London, Melbourne, and Perth, where she was closely involved in institutional client engagement and corporate access. With a reputation for precision, strategic thinking, and relationship management, Lisa brings a sophisticated understanding of both the financial services and property sectors, underpinned by a commitment to delivering exceptional stakeholder outcomes.

Jack Lehrer

Investor Relations Manager

Jack Lehrer
Investor Relations Manager

Jack Lehrer plays a key role in connecting the Quintessential Invest strategy with capital partners. Having developed a strong foundation in the Australian property market and further enriched his understanding through studies in the US and professional experience in Malaysia, Jack blends strategic thinking with a deep appreciation for people and place.

Known for his relationship-driven approach, Jack helps foster trust and alignment between investors and the business. His ability to evaluate assets through tenant experience and long-term value ensures that every opportunity supports commercial performance and community outcomes.

Justin Mills

Chief Executive Officer

Justin Mills
Chief Executive Officer

Chief Executive Director, Justin Mills, brings over 25 years of leadership experience spanning property and retail, with a focus on growth and innovation. Justin’s extensive background includes leading key acquisitions and strategic developments as Head of Retail Asset Management at Holdfast/Parkstone Funds Management, spearheading Australia’s largest retail solar program as Chief Innovation Officer at Vicinity Centres, and managing significant assets for the Gandel Group, such as the renowned Chadstone Shopping Centre.

Justin employs customer-centric strategies and operational excellence while building high-performing teams that drive superior asset management. His vision and expertise in navigating complex industry challenges result in vibrant, sustainable environments that attract tenants and foster long-term loyalty.

Noah Warren

Chief Operating Officer

Noah Warren
Chief Operating Officer

Chief Operating Officer, Noah Warren, brings a passion for people and asset management developed over 12 years with Quintessential. Noah’s exceptional leadership, service, and strategic asset management cultivate lasting relationships with stakeholders and enhance tenant satisfaction. His commitment to sustainability and thoughtful design drives exceptional tenant retention.

With a hands-on approach, Noah directs the transactions team to identify and secure value-focused opportunities in office and industrial spaces. Under his guidance, the asset management team implements effective tenant engagement strategies, robust leasing and marketing plans, and comprehensive CapEx programs, while efficiently managing properties for risk-mitigated returns.

Stephen Tilston

Head of Private Clients

Stephen Tilston
Head of Private Clients

Head of Private Clients and Strategic Partnerships, Stephen Tilston, brings 25+ years of investment expertise in Australia and the UK. He has worked with Moelis Australia, Hyperion Management, and Perpetual Limited, developing deep knowledge in funds management and capital raising.

Stephen employs exceptional investment growth strategies that ensure high-value opportunities for investors, underpinned by well-established relationships with Family Offices, Wholesale Advice Firms, and high-net-worth individuals.

Lisa Pye

Investor Relations Manager

Lisa Pye
Investor Relations Manager

Lisa is a seasoned Investor Relations professional with over 20 years of experience spanning property investment, investment banking, and corporate communications. In her role as Investor Relations Manager at Quintessential, she is responsible for driving capital raising initiatives, strengthening investor engagement, and delivering strategic communications. Her career includes roles at top-tier firms such as Goldman Sachs and Macquarie Group across London, Melbourne, and Perth, where she was closely involved in institutional client engagement and corporate access. With a reputation for precision, strategic thinking, and relationship management, Lisa brings a sophisticated understanding of both the financial services and property sectors, underpinned by a commitment to delivering exceptional stakeholder outcomes.

Jack Lehrer

Investor Relations Manager

Jack Lehrer
Investor Relations Manager

Jack Lehrer plays a key role in connecting the Quintessential Invest strategy with capital partners. Having developed a strong foundation in the Australian property market and further enriched his understanding through studies in the US and professional experience in Malaysia, Jack blends strategic thinking with a deep appreciation for people and place.

Known for his relationship-driven approach, Jack helps foster trust and alignment between investors and the business. His ability to evaluate assets through tenant experience and long-term value ensures that every opportunity supports commercial performance and community outcomes.

This information has been prepared solely to provide wholesale investors with an opportunity to express interest in a new Quintessential investment opportunity. It is general in nature and has been prepared by Quintessential Asset Services Pty Ltd (ACN 612 988 164), a related body corporate of Quintessential Equity Pty Ltd (ACN 141 879 423, AFSL 347953), the operator of wholesale unregistered managed investment schemes.

Nothing in this document constitutes personal product advice. Prospective investors should review the Information Memorandum, when available, and seek independent professional advice to determine the suitability of the investment for their individual circumstances.

While reasonable care has been taken in preparing this information, no representation or warranty (express or implied) is made as to the accuracy or completeness of the information or opinions contained in it. To the fullest extent permitted by law, neither Quintessential Asset Services Pty Ltd nor any member of the Quintessential Group, including their respective directors, officers, employees, or agents, accepts any liability for loss or damage arising from the use of this information.

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