Brisbane CBD Fringe Building Sells for $250 Million

One of Brisbane Fringe Cityscope’s newly added properties has sold for $250 million, representing an initial yield of 6.1%. 100 Skyring Terrace, Newstead has been sold by two Charter Hall funds, Charter Hall Direct Office Fund and Charter Hall Prime Office Fund. The sale was arranged by Flint Davidson, Bruce Baker and Tom Phipps of CBRE Brisbane. The buyer was Growthpoint Properties Australia, an Australian real estate investment trust which listed on the Australian Securities Exchange in…