Institutional Office Investment

Waterfront Place, Brisbane CBD

Premium grade office tower located within the “golden triangle” of Brisbane’s CBD

Acting on behalf of the Future Fund, 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%

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