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City of Brisbane future fund offloading $35m office building

The City of Brisbane Investment Corporation has put a $35 million suburban office building up for sale as it looks to reduce its exposure to the Brisbane commercial property market.

The future fund, which invests on behalf of the Brisbane City Council, is selling its Southern Regional Business Centre in Yeerongpilly, which is leased back to the council.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/commercial/city-of-brisbane-future-fund-offloading-35m-office-building-20190327-p5181n