OSK Property announces new $400 million BTR Tower in joint venture with Gurner and Qualitas
From Left to Right: Mark Fischer (Qualitas), Robert Clarke (Gurner), Andrew Hutchinson (OSK Property), Chong Boon Woon (OSK Property)
In exciting news, OSK Property has announced its joint venture with the GQ Build-to-Rent (BTR) platform, backed by GURNER™ and Qualitas, to develop and operate a BTR residential tower within the $2.8 billion Melbourne Square precinct in Southbank, Melbourne.
The OSK Group – a publicly listed developer in Malaysia with over five decades of experience – will retain an ownership stake in the BTR asset alongside GQ who will develop, manage and operate the BTR residential tower.
The new BTR tower will be designed by Cox Architecture and will further enhance the mixed-use offering at the Melbourne Square precinct, delivering around 500 residences and extensive communal amenities.
The iconic tower design will be a striking addition to the Melbourne Square precinct with a focus on world-class resident facilities, health and wellness amenities and a range of apartment options that will appeal to a diverse mix of residents.
“This joint venture with GQ represents the next evolution of our Australian pipeline, allowing us to go where the market is, recognising the under-supply of rental accommodation in Melbourne, while enhancing the offering at Melbourne Square and maximising the position of our existing portfolio,” says OSK Property Australia CEO, Chong Boon Woon.
The $2.8 billion Melbourne Square precinct will encompass six towers, in addition to an already established 3,745sqm public park, full-line Woolworths, childcare and a number of retailers, with the GQ BTR tower set to add best-in-class amenity to the existing precinct.
Construction for the Melbourne Square site is due to commence in Q1 2025.
