AsheMorgan Acquires 60 Albert Street, a Prime A‑Grade Office Asset in Brisbane’s CBD

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AsheMorgan is pleased to announce the successful acquisition of 60 Albert Street, Brisbane, with the valued support of our investors. The ~21,000sqm, A-grade asset with 6 year WALE is underpinned by State Government covenant is being acquired below replacement cost and offers compelling value in the current market.

The building is less than 20 years old and has a Greenstar rating of 5.0. The property is excellently located in the Midtown precinct adjacent to the new Albert Street Cross River Rail Station.

Brisbane continues to benefit from strong effective rental growth across prime grade office assets, and we have high conviction in the strong fundamentals of Brisbane market.