Aware Super Fund Buys $214M Brisbane Office Tower, Enters Market

The Aware Super fund recently purchased a $214 million office building in Brisbane's CBD, marking its entry into the Brisbane office property market. Dexus, the seller, signed contracts for the $213.9 million sale of 145 Ann Street, expected to settle next month. The 27-story building, 84% occupied with an average lease length of 3.2 years, stands next to the Ann Street Presbyterian Church and offers expansive views.

Aware Real Estate's head of investment, Pete Carstairs, highlighted the building's strategic location, high-quality amenities, and proximity to public transport, aligning with the company's eastern seaboard investment strategy. Carstairs emphasized Brisbane's strong office market performance due to limited supply and declining vacancy rates, leading to predicted rental growth and a strong economic outlook

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cbus super fund investigation shines a light on red flags in the $4 trillion super industryASIC's decision to sue Cbus, alleging systemic claims-handling failures, after lengthy delays in death and disability claims, could be a watershed moment to revisit a sector that sits in a privileged position of looking after Australians' retirement savings with little scrutiny.
Source: abcnews - 🏆 5. / 83 Read more »

CFMEU Boss Recruited to Super Fund Board, Deepening Ties Between Unions, Labor and Industry FundsPaddy Crumlin, the leader of the CFMEU, has been appointed as a director of Cbus, the building industry superannuation fund, highlighting the intricate web of connections between unions, the Labor Party, and powerful industry superannuation funds in Australia.
Source: theage - 🏆 8. / 77 Read more »