SOLD: 41 O'Connell Terrace, Bowen Hills

JLL is proud to have exclusively marketed and sold one of Brisbane's premier Near City office buildings - 41 O'Connell Terrace, Bowen Hills - on behalf of the City of Brisbane Investment Corporation (CBIC). This quality asset was acquired by VennCap Real Estate (on behalf of a European Family Office) for $52 million following an Expression of Interest campaign that drew interest from domestic and offshore investors. The exceptional cash flow profile and government covenants were the key attributes sought by the active capital. The asset presents unique long term tenant retention fundamentals and capital value upside considering the passing rent profile relative to recent developments of comparable quality. Comprising a near-new 7,643sqm, seven-level, A-Grade office tower, the building provides outstanding facilities with top-tier environmental and energy design. The large floor plates enjoy excellent natural light, with a highly efficient side-core configuration.

Please click here for a detailed Sale Analysis.