Institutional Office Investment
Waterfront Place, Brisbane CBD
Premium grade office tower located within the “golden triangle” of Brisbane’s CBD
Acting on behalf of an Australian institutional investor, RF Corval acquired a 50% interest in this property from Stockland in 2011.
The property required intensive asset management, focused on leasing and capital upgrades. This included major lift modernisation, construction of state-of-the-art end-of-trip facilities, refurbishment of the car park, bathrooms and other key facilities, setting a benchmark for premium grade buildings in Brisbane.
Address
Waterfront Place, Brisbane CBD
Purchase Date
May 2011
Purchase Price
$216m
Sale Date
September 2015
Sale Price
$296m
Equity IRR
11%