BHP’s Brisbane headquarters at 480 Queen Street is being sold in a deal reported to be worth more than $650 million. Multiple outlets say property group Dexus has agreed to purchase the site, with proceeds used to reduce Dexus debt and support its broader development plans. The reporting links the transaction to Dexus’s Waterfront Brisbane project, a large-scale undertaking valued at about $2.5 billion. Sources agree that 480 Queen Street is the specific asset being divested as part of the funding strategy for Waterfront Brisbane. While the coverage focuses on the transaction value and intended use of funds, the articles do not provide additional details on timing, closing conditions, or the full commercial terms beyond the headline purchase price. Overall, the reporting characterizes the sale as a capital-raising and funding step for Dexus’s development pipeline and debt management, while transferring ownership of BHP’s Brisbane headquarters to Dexus.