In one of its largest single acquisitions yet, Growthpoint Properties Australia is buying an inner-city Brisbane office tower from Charter Hall for $250 million.
The deal was struck on a 6.1 per cent passing initial yield and will be partly funded by $135 million equity raising, with Goldman Sachs as the bookrunner.
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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
