14 July 2021
| Category - Investments

Confidence in Suburban Business Parks on the Rise

PHIL BARTSCH PHIL | THE URBAN DEVELOPER

A specialist office investment fund has inked a $13.6-million deal in Brisbane’s south-west, reinforcing findings of a new report showing soaring business confidence and growth in the city’s suburban office market.

Stronghold Precincts Property Fund—an open-ended, unlisted fund managed by Brisbane-based Stronghold Commercial Investments—has purchased the fully-leased office asset in the Westlink Green business and technology precinct at Darra.

The three-storey building at 1 Westlink Court is the fourth commercial asset acquired by the fund since it was launched two years ago.

With its latest purchase, the specialist suburban office fund is now the largest in Stronghold’s total portfolio under management, representing $46.4 million out of their approximately $225 million portfolio.

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