​​Brisbane Riverfront Office Building Housing National Law Firm Set to Garner Significant Investor Interest​

​​Prime freehold in Brisbane CBD’s tightest office sub-market expected to attract strong national and international interest.

One of the few office investment opportunities to become available within Brisbane CBD’s tightly held legal precinct has been launched to the market, with the former Brisbane Central Courts building expected to attract strong competition from investors seeking exposure to Australia’s strongest-performing office market. 

Colliers’ Office Capital Markets team, led by Sam Arkell and Marshall Smith, together with Mike Walsh and Peter Court of MP Commercial, have been exclusively appointed by the vendor to market for sale the freehold interest in the 14-level office building at 179 North Quay, Brisbane. 

Redeveloped from the Brisbane Central Courts into office accommodation in 2007, the site occupies a prominent riverfront position overlooking the Brisbane River and South Bank. The 8,331sqm office building, positioned on a 1,315sqm freehold site, presents the opportunity to secure a well-established commercial asset that combines secure income with leasing upside, supported by low vacancy, limited competing supply and continued rental growth. 

The building is anchored by national law firm Maurice Blackburn Lawyers, who have occupied the property since 2013 and have renewed their lease on two separate occasions. The longevity of the tenancy reflects the strength of the asset’s location within Brisbane’s established legal and professional services hub, where it sits within walking distance of the Federal Court of Australia, Supreme Court of Queensland, Brisbane District Court and Brisbane Magistrates Court. 

Offering a potential fully leased net passing income of approximately $5 million per annum, the property also provides significant scope for future income growth. Over $4.6 million has been invested in the asset since 2019, delivering a refurbished foyer, enhanced end-of-trip facilities, façade upgrades, and substantial improvements to the Maurice Blackburn tenancy. 

Colliers Capital Markets Associate Director Sam Arkell said opportunities of this calibre rarely became available within Brisbane’s legal precinct. 

“This building represents a very rare opportunity to acquire an office investment in one of the best-performing office markets in the country,” Sam Arkell said. 

“The sub-$100 million market has demonstrated the greatest buyer depth throughout the current cycle, resulting in enhanced liquidity and strong competition from a diverse range of investor cohorts. 

“Combined with the property’s proven tenant retention, strong underlying income and future leasing potential, it offers investors an outstanding long-term investment proposition, and we expect interest in this property will be high.” 

MP Commercial Partner Peter Court said the property’s size and positioning would appeal to a broad spectrum of investors seeking quality Brisbane office assets. 

“Investors continue to favour well-located assets with strong fundamentals, and this property delivers on every measure,” Peter Court said. 

“It’s highly liquid pricing profile, prime riverfront location and exposure to Brisbane’s strongest office market create a compelling investment opportunity.  

“With more than $4.6 million already invested into the building and considerable income upside available through future leasing, we expect strong interest from private investors, syndicates, family offices and institutional capital.” 

Positioned on a 1,315sqm freehold site, the building comprises 8,331sqm of net lettable area across efficient floor plates averaging 587sqm, together with 37 on-site car parks. The property is currently 72 per cent occupied and benefits from a long-established tenant profile, providing a blend of immediate cash flow and future value-add potential. 

Colliers Capital Markets Associate Director Marshall Smith said positioned directly opposite South Bank, the site enjoys a prime riverfront outlook with sweeping views across the Brisbane River. 

“The asset’s elevated aspect and excellent natural light create a premium working environment, supporting occupier demand and long-term leasing appeal,” Marshall Smith said. 

“Further to this, tenant demand underpinned by the concentration of courts, legal firms and professional services businesses all located within walking distance of the property, will further the appeal.” 

Brisbane continues to outperform Australia’s other CBD office markets, supported by sustained population growth, a diverse economy, constrained new office supply and strengthening leasing conditions. Within that broader market, Brisbane’s legal precinct remains one of the city’s strongest-performing office locations. 

The freehold interest in 179 North Quay, Brisbane is being offered for sale via Expressions of Interest, closing at 4.00pm (AEST) on Thursday, 27 August 2026.