Investment Portfolio
Waterfront Place, Brisbane
Waterfront Place is a 36 level premium grade office building. Located on Eagle Street and fronting the Brisbane River, Waterfront Place is one of Brisbane’s prime commercial locations providing panoramic river and Brisbane vistas from all commercial levels.
Completed in 1990, Waterfront Place is one of the most highly specified buildings in Australia from both an architectural and technical perspective.
The building’s foyer presents a grand entrance with extensive marble, granite and stainless steel. The building provides floor plates averaging 1,800 m2.
Waterfront Place is the sole property in Stockland Direct Office Trust No. 1. Find out more
Key Information
| Location: | 1 Eagle Street, Brisbane |
| Acquisition Date: | November 2004 (by fund) |
| Ownership/Title: | 50% / Freehold and Leasehold |
| Independent Valuation: | 31 December 2007 |
| Valuation ($/m2): | $292.5 million |
| Capitalisation Rate: | 5.75% |
| Discount Rate: | 8.00% |
| Net Lettable Area: | 59,227 m2 |
| Space Available: | Nil |
| Car Parking Spaces: | 494 |
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