Quest Springfield Central has been sold to Serene Capital for $26.7 million, marking one of the most significant accommodation transactions in Springfield’s growing health and education hub.
A Modern Asset in a Growing Precinct
Savills Australia and New Zealand brokered the sale of Quest Springfield Central, which settled in late September 2025 at a 7.65 per cent yield. Dubai-based Sidra Capital and London’s 90 North Real Estate Partners sold the property after purchasing it for $23.7 million in 2018.
Built in 2018, the four-star hotel at 4 Wellness Way includes 82 serviced apartments and three ground-floor tenancies. Current tenants are Guardian Early Learning Centre and Better Life Pilates, with one tenancy still vacant. The property is leased to Quest Hotels until 2043, with fixed annual rental increases in place.
Strength of the Health City Location
Quest Springfield Central sits within the Health City precinct, a master-planned zone positioned opposite Mater Private Hospital and adjacent to the new 174-bed Mater Public Hospital now under construction.
The hospital network, together with nearby educational and sporting infrastructure, continues to drive demand for short and long-stay accommodation in Springfield.
Local Demand and Community Impact
Springfield’s rapid growth in health and education services is shaping the suburb into a key destination for patients, staff, students, and visitors. The sale of Quest Springfield Central highlights the strong investor interest in accommodation assets that serve these needs.
Local families also benefit from supporting services within the property, such as childcare and wellness facilities, which add to community convenience.
Ongoing Investor Interest in Hotels
According to Savills, the increase in the hotel’s net income from $1.98 million to $2.043 million was an important factor in the transaction. Market specialists note that secure agreements with long-standing brands such as Quest provide confidence for institutional investors seeking consistent returns.
Springfield’s broader development pipeline, including the Brisbane Lions AFL training centre and upgraded transport links, further strengthens the precinct’s position as a regional hub.
Published 30-September-2025
