Property giant Dexus has agreed to offload 480 Queen Street to pay down debt and fund its $2.5 billion Waterfront Brisbane development.

Property giant Dexus has agreed to offload 480 Queen Street to pay down debt and fund its $2.5 billion Waterfront Brisbane development.

Led by Ross Du Vernet, the property giant has been trying to revive its fortunes after setbacks, including a high-profile legal battle with Melbourne airports.