A domestic private investor has paid $16 million for a portfolio of four commercial buildings in Brisbane’s central business district, The Australian newspaper reported.
Three of the properties were in Adelaide Street, while another was at Burnett Lane, with a combined lettable area of 1262 sq m.
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All of the properties are close to Queen Street Mall.
“There has been a lot of attention surrounding offshore investments, but this recent sale proves that the domestic sector is still very active and competitive when it comes to high-quality mixed use stock — especially with heritage features,” said Knight Frank executive Tom O’Driscoll, according to The Australian.