The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
22 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 500 ALREADY ATTENDING
22 DAYS UNTIL OUR FLAGSHIP CONFERENCE 500+ ALREADY ATTENDING
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
8
print
Print
MarketsDinah Lewis BoucherFri 05 Feb 21

Alceon Offloads Murrarie Site for $27.6m

c14acdad-bbd7-4488-8e99-0a545716411f

Alceon and Keystone Private have sold an east Brisbane property to Perth-based syndicator Ascot Capital for $27.6 million in an off-market deal, less than two years after purchase.

Alceon acquired the 48 Miller Street Murrarie property from Fawkner Property Group for $16.3 million in November 2019.

Following purchase, a 1,043sq m expansion of the facility was completed along with an eight-year leasing deal to Brisbane-based electric vehicle charging station company Tritium.

The leasing deal comes four months after Alceon purchased the 8184sq m site from Fawkner on an 8 per cent yield.

The latest transaction reflects a 6.43 per cent yield.

The Murrarie acquisition adds to Ascot’s portfolio, after securing the South Regional Business Centre in Yeerongpilly for $35.25 million in May last year.

The building, at 665 Fairfield Road Yeerongpilly, is currently fully-leased to Brisbane City Council until mid-2027, with two additional five-year options.

Alceon is also behind plans for a $200 million mixed-use development at 240 Sandgate Road in Albion, in Brisbane’s inner north.

▲ The 48 Miller Street, Murrarie facility leased to Brisbane-founded electric vehicle charging station company Tritium, has sold for $27.6 million in an off market deal.


The 48 Miller Street, Murrarie transaction was negotiated by Jack Morrison and Peter Chapple of CBRE.

Morrison said that investment-grade properties offering strong lease terms continue to be sought after, as investment funds and syndicates look for assets providing reliable returns.

The Murrarie facility will continue to be occupied by Tritium, which has operations in Europe, the Asia Pacific, and the United States, as its research and development headquarters.


IndustrialAustraliaBrisbaneReal EstateDeal
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
View All >
FK's rendering of Woolworths and Pace's plans for the ex-ABC studio site at 10-16 Selwyn Street in Elsternwick, Melbourne.
Residential

Mayor Rounds on State After Elsternwick Approval

Marisa Wikramanayake
Dexus Sydney CBD Supertall EDM
Planning

City Backs Height Boost for Sydney Supertall Towers

Vanessa Croll
Construction workers building social housing in Gosford, New South Wales.
Affordable & Social Housing

Housing Australia Adds 18,000 Homes as Contracts Confirmed

Marisa Wikramanayake
The program of social and affordable homes across the nation is moving ahead with $14 billion in funding in place…
LATEST
FK's rendering of Woolworths and Pace's plans for the ex-ABC studio site at 10-16 Selwyn Street in Elsternwick, Melbourne.
Residential

Mayor Rounds on State After Elsternwick Approval

Marisa Wikramanayake
3 Min
Dexus Sydney CBD Supertall EDM
Planning

City Backs Height Boost for Sydney Supertall Towers

Vanessa Croll
3 Min
Construction workers building social housing in Gosford, New South Wales.
Affordable & Social Housing

Housing Australia Adds 18,000 Homes as Contracts Confirmed

Marisa Wikramanayake
2 Min
Industrial

Data Centres Drive Goodman Group A-REIT Success

Taryn Paris AND Shravanth Reddy
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/alceon-offloads-murrarie-site-for-276m