Investa, CPOF joint venture acquire prime Brisbane properties for $40m

Visual from ICPF’s website.

Australia-based Investa Commercial Property Fund (ICPF), in a joint venture with Charter Hall Prime Office Fund (CPOF), acquired a 50 per cent interest in Prime Brisbane CBD Redevelopment Site for over $40 million (A$53.750 million).

The site consists three prime properties in Brisbane for future re-development. The three separately owned and adjoining office buildings have a combined, existing net lettable area of 9,400m² sqm and site area of 2,147 sqm.

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