$215.5M CBD Office Tower Transaction Highlights Increasing Investor Focus on Brisbane

Sale of 145 Ann Street marks the return of institutional capital to Queensland capital in this market cycle

A $215.5 million Brisbane CBD transaction brokered by JLL marks the return of institutional capital to Brisbane in this market cycle.

JLL’s Paul Noonan and Seb Turnbull handled the off-market deal for the high-quality 27-level A-grade tower at 145 Ann Street on behalf of Dexus.

The purchase by Aware Real Estate marked its first acquisition in Queensland.

Mr Noonan, JLL’s QLD Managing Director, said the deal underscored a strengthening investor focus on the state’s capital.

“This acquisition by Aware Real Estate, alongside Navigator Property Group, marks the return of institutional capital to Brisbane in this current cycle,” Mr Noonan said.

“We continue to see increased focus on the Brisbane market as investors seek the growth prospects our market is predicted to deliver.”

The 27,551sqm tower, with proximity to public transport, offers a suite of high-end tenant amenities, including a wellness centre, and boasts significant sustainability credentials.