ASX-listed property investor Elanor Investors Group is poised to buy one of Brisbane's most prominent heritage buildings from Charter Hall for about $45 million.
It's understood the deal is close to being finalised on the seven-storey building at 200 Adelaide Street, which is being offloaded by Charter Hall's Direct PFA Fund. At the above price the sale would be struck on a yield of about 7 per cent.
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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
