Set to become Brisbane’s premier retail, commercial, residential, and lifestyle hub, Albion Exchange is a ten-stage redevelopment that will transform the Albion precinct. Located adjacent to the Albion train station, the project will deliver over 1,000 homes, 17,000sqm of commercial space, 8,000sqm of retail and food & beverage outlets, and 6,000sqm of public and green spaces, enhancing connectivity and lifestyle offerings for residents, commuters, and businesses alike.

Albion Exchange will support economic growth, environmental sustainability, and community well-being, providing much-needed rental accommodation and high-quality amenity to the suburb. The area’s unparalleled connectivity includes direct access to the Albion train station, which links residents to the Brisbane CBD in just 8 minutes, as well as the Brisbane Airport, Gold Coast, Ipswich, and the Sunshine Coast.

Stage One of Albion Exchange will set the standard for BTR developments in Brisbane. The project will include two residential towers, featuring 327 apartments with a mix of studio, one, two, three, and four-bedroom configurations. The towers will also incorporate 1,658sqm of ground-floor retail space and over 3,000sqm of amenities, including a gym, outdoor pool, wellness facilities, and green spaces designed to foster community interaction.

GEON Living, GEON’s BTR operational division, has been involved in the design process and is focussed on addressing critical housing supply issues by growing market demand in the BTR sector. GEON is committed to creating modern, high-quality rental communities that respond to the evolving needs of residents.

Dan Moore, CEO of GEON Living, emphasised the importance of the project in addressing Brisbane’s housing needs: "Albion Exchange sets a new standard for BTR communities in Brisbane and comes at a critical time as we face a growing housing shortage. GEON Living was created to meet the growing market demand in the BTR and related sectors, and this project reflects our commitment to creating vibrant, sustainable neighbourhoods. By integrating state-of-the-art amenities with a strong sense of community, we are dedicated to delivering a high-quality rental experience that not only addresses demand but also enhances the lives of our residents."

Albion Exchange is more than just a development, it’s a vision for the future of urban living. By seamlessly integrating high-quality retail, dining, wellness, and lifestyle spaces with modern rental homes, it is poised to become Brisbane’s most desirable residential and commercial destination. Its prime location next to Albion train station, as part of a transit-oriented development (TOD), ensures exceptional connectivity, with quick access to the Brisbane CBD, Brisbane Airport, and surrounding regions.

Conal Newland, Head of Operational Capital Markets at Savills Australia and New Zealand said, “We are delighted to represent GEON, seeking an investor to fund the delivery of the first stage of this extremely exciting TOD development in Brisbane’s inner north.

“The project reflects an exceptional opportunity to partner with the experienced GEON team to deliver an exemplar BTR development in a prime location that is poised for growth, with significant inward investment in key infrastructure projects that will transform this area of Brisbane, “Mr Newland concluded.

For further enquiries or to express interest in Albion Exchange Stage One, please contact Savills Australia and New Zealand:

Conal Newland, Head of Operational Capital Markets: 
cnewland@savills.com.au (0422 406 611)

Paul Savitz, Directory, Operational Capital Markets: 
psavitz@savills.com.au  (0434 613 894)

Emily Gold, Associate Director, Operational Capital Markets: 
emily.gold@savills.com.au (0493 866 433)

Project Summary:

• Prime location at Albion Station
• Approx 8 minutes to Brisbane Central (by train)
• Site area approx. 4,118sqm
• Two towers, up to 20 storeys
• 327 Multifamily apartments – mix of studio (20%), one (28%), two (47%), three (4%), and four (1%) bedroom apartment types
• 1,658sqm (GFA) of ground floor retail
• 3,257sqm gym, including outdoor pool and wellness facilities
• Part of a wider TOD precinct that will deliver 1000+ homes, 17,000+sqm of commercial, 8,000+sqm of retail & F&B, and 6,000+sqm of activated public space & integrated open space, over the next 10 years
• Existing DA consent, with a revised BTR design proposal to be submitted via a Minor Change Application – targeting Q1 2025, with determination anticipated within three months (by Q2 2025)
• Main site works are anticipated to commence in Q1 2026, with Practical Completion (PC) achieved in Q4, 2027*

 *Project delivery program approximate only, subject to change.

Source: BTR News Australia, November 2024.