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http://herstonquarter.com.au/

http://herstonquarter.com.au/herston-qua...mentation/

Australand, Lend Lease, Stockland vie for Herston Quarter project
THE AUSTRALIAN JULY 11, 2015 12:00AM

Ben Wilmot

Commercial Property Editor
Sydney
Pitt and Trad
Treasurer Curtis Pitt and Brisbane Central MP Grace Grace at the Royal Brisbane Hospital. Picture: Annette Dew. Source: News Corp Australia

The Queensland government yesterday short-listed three proponents to develop a health precinct adjoining the Royal Brisbane Hospital at Herston, with the trio to now develop detailed plans for the key precinct.

Treasurer Curtis Pitt yesterday announced Singapore-owned Australand, Lend Lease/Trinity Health and Stockland as the short-listed proponents for the Herston Quarter project.

The Australian revealed last month that the Queensland government had reopened the door to the development of the Brisbane site, and at the time the field was reported to include Australand, Brookfield Multiplex, Lend Lease and ­Grocon. Since the election of Labor in January the process has been on hold. The government is now focused on developing a health and biomedical precinct along with a residential and retail zone on the site, which is adjacent to Lend Lease’s $2.9 billion redevelopment of the Brisbane Showgrounds precinct.

The interest of the three groups in the project illustrates the growing importance of health work to property companies, and the Palaszczuk government says they have been told health-related activities will be the focus.

“That could include elements such as biomedical research and a mix of public and private hospital facilities,” Mr Pitt said.