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    You may ask for advice about Rejection at the Teahouse. Robert McClenon (talk) 05:56, 27 November 2024 (UTC)
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    The disambiguation page for the primary name is Quintessence (disambiguation). Robert McClenon (talk) 05:53, 27 November 2024 (UTC)
  • Comment: I suggest looking at good quality articles of similar businesses and try to follow the same format. The current article is too WP:PROMOTIONAL GMH Melbourne (talk) 12:53, 25 November 2024 (UTC)
  • Comment: Please don't resubmit without addressing the reasons the draft was declined. bonadea contributions talk 08:48, 22 November 2024 (UTC)

Quintessential is an Australian privately-owned property development company and unlisted real estate fund manager. The company engages in property acquisition, management, and development, specialising in commercial, industrial, and office properties in Australia. Established in 2010, the company underwent rebranding during 2022–2023, changing its name to Quintessential. It is structured into three divisions: Quintessential Invest, Quintessential Development, and Quintessential Assets.[1][2][3][4]

History and corporate structure

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Founded in 2010 by Shane Quinn and Harry Rosenberg, Quintessential initially focused on property regeneration projects to deliver returns to its investors. The firm raised capital through private equity and institutional partnerships to fund property acquisition and redevelopment in Australia.[5][6][7]

In 2022–2023, the company reorganised into three divisions:

  • Quintessential Invest (QI): Responsible for capital-raising activities and oversees a portfolio that includes properties such as 1 Margaret Street in Sydney and 240 Queen Street in Brisbane.[8][9]
  • Quintessential Development (QD): Manages property development and construction, with a focus on creating energy-efficient buildings. The division's projects are designed to meet sustainability benchmarks, with properties achieving an average 5.1-star NABERS energy rating.
  • Quintessential Assets (QA): Oversees the property management and tenant relationships, focusing on maintaining property value and tenant satisfaction. The division reports a tenant retention rate of 91% across its portfolio.

The company employs an investment model that integrates private equity, institutional investment, and debt financing. Its investment vehicles include three Master Funds and Special Purpose Vehicles (SPVs):

Master Fund 1 supported early acquisitions like 431 King William Street, Adelaide.[10]

Master Fund 2 targets commercial and industrial assets, such as 117 Grindle Road in Queensland.[11][12]

Master Fund 3 focuses on premium-grade office assets with redevelopment potential, including 1 Margaret Street in Sydney.[13]

These funds, along with SPVs for specific projects, are used by Quintessential to structure investments aimed at assets with high-yield potential.

Property portfolio

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Quintessential's portfolio includes current and previously held properties in urban centres across Australia, with assets managed under its Master Funds. Select properties include:

  • 240 Queen Street, Brisbane, QLD (SPV) - 27,623 sqm of office and retail space, acquired in June 2024 for AUD 250 million.[14][15]
  • 1 Margaret Street, Sydney, NSW - 20,753 sqm of office space, purchased in September 2023 for AUD 296 million.
  • 100 King William Street, Adelaide, SA - A commercial property with 18,555 sqm of office space, acquired in 2021.[16]
  • Port Adelaide Distribution Centre, Gillman, SA - Large industrial site with 167,485 sqm, acquired in 2019.[17][18] [19]

Other properties include 117 Grindle Road in Queensland and 30 Pirie Street in Adelaide, both of which were acquired under Master Fund 2.[20][21]

Environmental, social, and governance

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Quintessential adheres to a structured ESG framework across its operations:

  • Environmental Sustainability: The company reports an average 5.1-star NABERS rating for energy efficiency, incorporating sustainable building practices, low-emission materials, and renewable energy sources in its projects.[22]
  • Social Responsibility: Quintessential allocates 2.5% of its annual profits to charitable initiatives, including partnerships with organisations like the Lighthouse Foundation to support youth affected by homelessness.[22]
  • Governance: The company's governance practices are overseen by an Investment Committee and an Advisory Board, emphasising transparency, ethical business practices, and investor protection.[22]

Technology and innovation

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Quintessential launched the QApp as a tenant management platform, initially deployed at 3 Richardson Place. The app allows tenants to submit maintenance requests, book amenities, and receive updates on property news and events. The company plans to expand QApp across all its properties, to improve tenant engagement and operational efficiency.[23][24]

Awards and recognition

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Quintessential has received the following industry recognitions:

  • Fund of the Year, RICS (2018, 2019).[25]
  • Excellence in Commercial Innovation, Urban Developer Awards (2023).[26]
  • Carbon Neutral Certification, Climate Active (2024).[27]

References

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  1. ^ "Quintessential" www.quintessential.com.au
  2. ^ Quintessential's opportunity fund ready to roll. The Sydney Morning Herald. 14 March 2018.
  3. ^ How to upgrade the office, essentially. API Magazine. 20 September 2020.
  4. ^ Quintessential Equity to build $400m Adelaide innovation hub. Business News Australia. 18 March 2021.
  5. ^ Quintessential Equity on how to find the sustainability jewels amid the unloved. The Fifth Estate. 29 October 2020.
  6. ^ "Discover Quintessential: Commercial Property Development". www.quintessential.com.au.
  7. ^ Quintessential Equity backs Geelong as Melbourne’s “second city” starts to roar. The Fifth Estate. 2 July 2020.
  8. ^ One Margaret Street office in Sydney acquired by Quintessential for $293M. The Property Tribune. 22 August 2023.
  9. ^ Quintessential to pump $90m into Sydney office tower after $293m acquisition. Business News Australia. 23 August 2023.
  10. ^ Quintessential seeds new fund with Adelaide CBD buy from Con Makris. Financial Review. 9 December 2018.
  11. ^ Quintessential Equity makes first acquisition as part of $300M fund. Build Australia. 13 January 2021.
  12. ^ Quintessential Equity secures its biggest acquisition yet. Build Australia. 29 March 2021.
  13. ^ Quintessential to pay $296m for Dexus's Sydney tower, rattles tin. Financial Review. 30 April 2023.
  14. ^ Quintessential's $250m Brisbane office deal confirms valuation slump. Financial Review. 2 July 2024.
  15. ^ Brookfield wins interest in $300m Brisbane tower. The Australian. 19 April 2023.
  16. ^ Quintessential buys back Adelaide Office. Real Estate Source. 21 September 2021.
  17. ^ Quintessential showcases industrial strength with $16M Port Adelaide Distribution Centre upgrades. The Industrialist. 8 May 2024.
  18. ^ Quintessential strikes industrial deal in Port Adelaide. Commercial Real Estate. 20 January 2021.
  19. ^ Stockland reaps $80m for Port Adelaide distribution centre. Real Commercial. 29 April 2019.
  20. ^ Quintessential spends $18.5m on Rocklea industrial asset. www.realestatesource.com.au. 22 December 2020.
  21. ^ Quintessential Equity in $73 million office buy. Financial Review. 19 December 2022.
  22. ^ a b c "Discover Quintessential: Commercial Property Development". www.quintessential.com.au.
  23. ^ https://play.google.com/store/apps/details?id=com.vts.activate.qbyquintessential. Q by Quintessential on Google Play Store.
  24. ^ https://apps.apple.com/us/app/q-by-quintessential/id6471277570. Q by Quintessential on Apple App Store.
  25. ^ RICS Oceania Award Winners 2018. RMIT PCPM News.
  26. ^ 2023 Finalists: The Urban Developer Awards for Industry Excellence. The Urban Developer.
  27. ^ Quintessential Achieves Carbon Neutral Certification by Climate Active!.