Quintessential (company)
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Quintessential Equity is an Australian property developer and unlisted[1] property fund manager.[2]
It was founded by Shane Quinn and Harry Rosenberg in 2010[2] and considered to be based in Melbourne in 2015.[1]
Through syndicates Quintessential offers investment in specific properties, suitable for high-net-worth individuals.[2]
Its office tower purchasing strategy is to buy at market lows in localities that have potential for superior performance.[3] For example 240 Queen Street in Brisbane was purchased in 2024 for A$250 million after negotiations with owner Brookfield who had initially valued the property at up to $300 million.[3]
In January 2015 it sold an office building in Parramatta after a 40% sell-off commitment in 2014 to bolster investor returns.[1]
It bought the Department of Foreign Affairs and Trade-tenanted 44 Sydney Avenue in Canberra in 2015 for $32 million and sold it for $58.6 million in 2017.[2]
References
[edit]- ^ a b c Quintessential Equity pays $32m for 360 Capital's Canberra building. Financial Review. 4 March 2015.
- ^ a b c d Quintessential's opportunity fund ready to roll. The Sydney Morning Herald. 14 March 2018.
- ^ a b Quintessential's $250m Brisbane office deal confirms valuation slump. Financial Review. 2 July 2024.