General
Challenger Sells Brisbane Tower For $250 Million
As the prime office market vacancy rate in the Brisbane CBD falls, the confidence in the city increases, seen recently in the purchase of 53 Albert Street for $250 million. The vendor in the sale, brokered by CBRE, was Challenger Life Nominees Pty Ltd.
Challenger Life is a subsidiary of Challenger Limited, an investment management firm which listed on the Australian Securities Exchange in 1987.
JP Morgan is reported as being the purchaser. JP Morgan is an American multinational investment…
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