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

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