Institutional Mandate

1 Eagle Street, Brisbane, QLD 4000

Property Information

Property1 Eagle Street, Brisbane, QLD 4000
CommencementMay 2011
Purchase Price$216.4m
Sale Price$296.0m

Premium office tower under intensive asset management strategy.

Waterfront Place is a premium grade office tower located within the “golden triangle” of Brisbane’s CBD, and is leased to a number of major corporations and professional services firms. 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 and the refurbishment of the bathrooms, setting a benchmark for premium grade buildings.

The property was sold in September 2015.

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