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Charter Hall acquires Brisbane office property
Transactions - NOVEMBER 9, 2018

Charter Hall acquires Brisbane office property

by Andrea Zander

District Office Fund, an office fund managed by Charter Hall Group, has purchased an office building in Brisbane, Australia, from QIC Global Real Estate for A$275 million ($199 million), according to media outlets.

The property at 61 Mary Street, which completed a A$38 million ($28 million) refurbishment works program in 2018, is in the core Brisbane’s government precinct. It is 100 percent leased to the Queensland Department of Transport and Main Roads until 2029.

The property comprises a class A office tower with ground-floor café and foyer, two basement levels of car parking for 253 cars, end of trip facilities, 17 upper office levels, a large site area of 3,646 square meters (39,245 square feet) with a typical floor plate of 1,539 square meters (16,565 square feet) providing a total net lettable area of 28,750 square meters (309,462 square feet).

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