Tasmanian-based super fund Spirit Super has acquired the Parliament Square mixed-use development in Hobart for around $330 million from the Schwartz family, in the state’s biggest commercial property transaction.
Overlooking Hobart’s Sullivan’s Cove and Franklin Wharf and directly connected to the Parliament of Tasmania, the 7700sq m site covers most of a city block in central Hobart and includes two office buildings, a five-star hotel and retail.
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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
Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com