Dexus Property Group (DXS) is selling a Brisbane CBD office building for $285 million to fund debt repayments.
The 34-storey building, located at 10 Eagle street, is being snapped up by investment firm Marquette. The price tag represents a 1.8 per cent premium to book value.
At the end of last year, the building was at 92 per cent occupancy — holding companies such as Wilson Parking, Australian Energy Market Operator and consultancy firm Accenture.
The afterburn of COVID-19 delays, now beginning to roll back around the country, may be a sign of revitalised office spaces around Australia.
Many companies may be confident to get their workers out of home and back in the bull pen.
This includes the 27,800-square-metre building in the heart of Brisbane’s “Golden Triangle”. Read more…..
Chart of the Day
We have been living through an extraordinary period. It was a year ago that COVID was recognized as a global pandemic and since then over 100 million people have been stricken and more than 2 million have died.