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City of Brisbane future fund offloading $35m office building

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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 writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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