July, 2023

Sale of the Wyndham Corporate Centre

RF Corval is pleased to announce the successful sale of the Wyndham Corporate Centre in Bundall to the Gold Coast City Council.

The 7,931sqm, 1 Corporate Court building has an occupancy rate of 93% and a WALE of 5.3 years. The building offers 267 car parking spaces, an on-site café and has a 4.5 Star NABERS Energy Rating and Water Rating. The transaction is the largest office sale on the Gold Coast in 2023.

This strategic divestment aligns with our investment strategy to unlock value and return capital to investors. Simultaneously, we will retain ownership of the adjacent Corporate Centre One Tower, which provides further opportunity to add value and capitalise on the strong local office market.

We extend our gratitude to CBRE and McVay Real Estate for their hard work, and a special thanks to our valued investors for their continued support for the strategy.

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