Singapore's AEP Investment Management has entered due diligence to buy Queensland Investment Corporation's prime George Street office tower fronting Brisbane's Queen's Wharf casino development in a deal likely to be well over $150 million.
The office tower at 41 George Street has been hotly contested due mainly to its prime position inside the Queen's Wharf priority development precinct.
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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. Email Matthew at mcranston@afr.com
