One of Australia’s most significant core-plus investment opportunities will be taken to market this month, when Knight Frank launch an International Expressions of Interest campaign for 179 Turbot Street in Brisbane’s CBD.

The sale campaign is being managed exclusively by Justin Bond, Ben Schubert and Neil Brookes. Knight Frank has been engaged by Investa, the investment manager for the property.

Developed in 2009, the 27-level building at 179 Turbot Street is strategically positioned within Brisbane’s ‘Uptown Precinct’, a genuine competitor to the city’s premier Golden Triangle business precinct, with some of Brisbane’s largest occupiers calling Uptown home.

The property has 24,904sq m of nett lettable area and 185 car bays with 1,267sq m floor plates and a 5 Star NABERS Energy Rating.

It is anchored by BUPA, which has a lease in place until September 2025.

Mr Bond said the Brisbane CBD office market had experienced a substantial increase in activity this year, with around $650 million of property either under contract or on the market.

“Investors are increasingly attracted to our city due to its value and stability, and this particular property is one of the most significant core-plus opportunities along the eastern seaboard, with the ability to immediately commence a proactive leasing strategy,” he said.

“We expect a range of buyers, both domestic and international, to be interested in this investment.”

Mr Bond said the property offered outstanding fundamentals including large floor plates, excellent view corridors and natural lighting, and was in an ideal location close to Central Station and benefitting from the Queensland State Government’s Roma Street redevelopment.

Mr Schubert said: “The Uptown precinct is providing a genuine alternative to the CBD’s Golden Triangle, with a distinct commitment to - and confidence in - the area by other institutional owners including Charter Hall, Mirvac, Keppel Capital, Dexus and Daisho.

“It has excellent connectivity, and this property is only 250 metres away from the city’s Central train station, one of only four stations servicing the entire Queensland Rail network.”

The International Expressions of Interest campaign for the property will close at 4pm on Thursday, May 27.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below. 

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