Property investment group Forza Capital is bringing its newly upgraded 10- storey office tower at 200 Creek Street, Brisbane, to market, with price expectations for the asset exceeding $60 million.  

Forza Capital acquired the building in 2021, since investing over $13.5 million in significant capital expenditure including fully upgraded lifts, new solar array system, end of trip and ground  floor upgrades. The substantial base build upgrade has completely transformed 200 Creek Street  to achieve a 6-Star NABERS

Energy Rating, joining only 5 other buildings in Brisbane to secure  the highest rating. 

With a net lettable area of 7,582 sqm, the building is being sold with 100% occupancy and strong  leasing covenants. With blue-chip anchor tenants, including

Ramsay Healthcare and SEQ Water, the asset has a strong and stable income profile, generating $4.5 million* annually.  

Its 3.9*-year WALE also positions the asset to capitalise on anticipated rental growth in Brisbane’s tightly held CBD market. Commercial rents have increased 13.3% since 2023 and are  expected to remain buoyant amid the limited expected pipeline of new stock.  

The tower commands a prominent corner position, just a three-minute walk from Central Train  Station. It features flexible 769 sqm floor plates with abundant natural light and includes 78 car  spaces. 

The property is being offered for sale through Mike Walsh and Peter Court of MP Commercial Group, appointed as exclusive agents by Forza Capital. This marks the fourth sale campaign  being led by Mike and Peter, having managed the asset’s sale three times over the last 14 years. 

Mike Walsh, Partner at MP Commercial, said, “We expect significant interest in the asset from  domestic syndicators and high net worth private investors. These investors will be drawn to the robust income profile in a market where income protection and strong cash flow remain a priority  given financing costs may take time to temper and settle at longer-term mean levels. 

Peter Court, Partner at MP Commercial, said, “Investors continue to show strong confidence in  the Brisbane office market, with increased inquiry levels across the sector. 

“With construction costs at all time highs, the substantial capex program undertaken by Forza  and best in class ESG credentials will be viewed favourably by the market.” 

Expressions of interest are invited until March 13, 2025. *Approximately