July 30, 2026 — 10:36am
BHP’s Brisbane headquarters will be sold for more than $650 million, in a deal property giant Dexus says will help fund higher-returning investments and reduce debt.
The group announced to the ASX on Thursday it had exchanged contracts to sell 480 Queen Street, which is jointly and equally owned by Dexus and the Dexus Wholesale Property Fund.
Construction of the Grocon-built tower was completed about a decade ago.
According to Dexus, the net sale price of $657.3 million was in line with the property’s independent valuation as at June 30 and represented about a 4 per cent discount to its December 2025 book value.
