Fund manager Aviator Capital has bought an office tower in central Brisbane’s North Quarter precinct from Kyko Group for about $50 million, the latest in a run of such deals in the Queensland capital.
Standing on a prominent corner, the 10-level block at 193 North Quay comprises 7631sq m of net lettable area including ground-floor retail. The transaction price represents a yield of 6.4 per cent.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
