QIC Global Real Estate has doubled its money in less than three years by selling an office tower sitting opposite Brisbane's new Queens Wharf casino precinct for $159 million.
As foreshadowed by The Australian Financial Review in November, Singapore-based AEP Investment Management led a hotly contested race to buy the 27-storey tower at 41 George Street from a QIC property fund which had bought the property from the state government in 2013 for $80 million.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
