Brisbane’s Multi-Award Winning Green Square North Tower Offered for Sale | JLL

Premium Fortitude Valley office tower offers secure income, blue-chip tenants, and exposure to Brisbane’s Games infrastructure pipeline.

A landmark opportunity has emerged for investors to secure one of Brisbane’s prime near-city commercial assets, with the Green Square North Tower at 515 St Pauls Terrace, Fortitude Valley, now being offered for sale via Expressions of Interest.

The modern A-grade office tower is being offered for sale by property fund manager, ISPT, with representation from JLL’s Seb Turnbull and Paul Noonan, alongside CBRE’s Peter Chapple and Bruce Barker. The asset features a strong tenant profile, industry-leading sustainability credentials, and a prime location near major infrastructure and Games-related developments.

Designed by Cox Architecture, the 12-storey tower comprises more than 21,000 sqm of net lettable area (NLA), large 1,900sqm plus floorplates and 166 basement car parks.

“This is a landmark asset in one of Brisbane’s best-performing and most undersupplied office precincts,” JLL Head of Capital Markets Queensland, Seb Turnbull said.

“The strong leasing history, high-quality tenant profile and location at the epicentre of Brisbane’s growth corridor make it a compelling investment with immediate income certainty and long-term upside.

“Boasting 100 per cent occupancy, Green Square North Tower is currently leased to a mix of Government and blue-chip tenants, offering immediate income security and long-term growth prospects,” he said.

“The State of Queensland has maintained a long-term commitment to the building since inception, consistently growing its footprint within the property.”

Prominently located in the heart of Fortitude Valley, the tower sits within one of Brisbane’s most connected and vibrant commercial precincts. It offers excellent transport connectivity with immediate access to Fortitude Valley Train Station and the future Exhibition Station, part of the $16 billion Cross River Rail project. Its location places it on the doorstep of the 2032 Athletes’ Village and the redeveloped 20,000-seat Brisbane Showgrounds arena.

“This precinct is undergoing a generational transformation,” Mr Chapple said.

“The Games will inject a new level of vibrancy into the area, creating a legacy of investment and demand that will benefit assets like Green Square North Tower for decades.

“The building features a striking glass façade and has recently undergone a $4 million foyer and end-of-trip facility upgrade, ensuring it remains one of the best-presented commercial towers in Brisbane’s near-city market,” he said.

The building’s best-in-class sustainability credentials include a 5.5-star NABERS Energy, 4.5-star NABERS Water, and 5.5-star NABERS Indoor Environment rating, and the broader Green Square complex was Queensland’s first commercial office development to achieve a 6-Star Green Star rating.

The tower sits directly opposite the King Street mixed-use precinct and is just minutes from James Street, home to some of Brisbane’s most vibrant retail, dining, and lifestyle experiences.

A 100 per cent freehold interest in Green Square North Tower is being offered for sale via Expressions of Interest closing at 4:00pm (AEST) Tuesday, 20 May 2025.