SOLD: ASCENDAS REIT BUYS 100 WICKHAM STREET FOR $83.83M

Colliers International are proud to announce the sale of 100 Wickham Street, Fortitude Valley, Qld on behalf of our client, Keystone Private to Ascendas REIT for $83.83m.

The key investment attributes of the property are as follows:

• Substantially underpinned by new 7 year lease to AA+ credit rated Queensland Government;
• Large sub-divisible floor plates with excellent natural light and views;
• Estimated $9+ million* refurbishment program (over the last 5 years);
• Recently completed end of trip facilities;
• Easy access to Fortitude Valley’s extensive retail amenity and public transport;
• Short walk to Brisbane CBD’s corporate Golden Triangle and Fortitude Valley Train Station;
• Over specified building services including outstanding power capacity;
• 2 Star NABERS Energy Rating;
• Total NLA of 13,131sqm*;
• WALE of 4.8 years (by income)*

The sale of 100 Wickham Street, Fortitude Valley reconfirms the appeal of Brisbane office investments to offshore capital searching for both WALE and income. 

The sale indicate the following metrics:

• Initial yield of 8.13%*
• Capital Value of $6,382/sqm*

Should you have any queries or would like further information, please don't hesitate to contact Samuel Biggins or myself.

* Approximately