Post Office Square
Brisbane, QLD
Leasehold interest in a retail centre and 316 bay car park located within the centre of Brisbane’s CBD acquired for 67,000,000 (AUD) million dollars.
The property provides a total of 1,756 sqm of NLA orientated to food and personal services. Tenants include several national retailers.
The car park is leased to Secure on a long-term lease.
The property provides significant opportunity to improve the net income through refurbishment and reconfiguration and for the extension of the current ground lease arrangement.
Asset type: Core-plus
Investment type: Equity co-investment
Forecast return: 20% + annual IRR*
Status: Complete
Warning:
Returns are not guaranteed. Past performance is not a reliable indicator of future performance.
Forecasts are based on assumptions and estimates. Actual performance could differ materially and therefore it is not appropriate to rely on forecasts or assume that they will always be accurate.