Telephone Exchange Sells for $57 Million

Brisbane CBD’s commercial market continues to grow in strength, with sales worth $355 million recorded for the quarter to May and $2.5 billion for the past 12 months.

Most recently 280 Elizabeth Street has sold for $57 million in a sale arranged by Justin Bond and Matt Barker of Knight Frank Brisbane. The vendor was owner-occupier Telstra Corporation Ltd, which is owned by a very large number of individual and institutional stock exchange investors.

The purchaser is Firmus Capital Pte…