Dexus Buys Brisbane Audi Centre For $92.1 Million

A luxury car dealership in the Brisbane CBD fringe has been sold for $91.2 million.
 
Due to the price paid for the property, “the record-breaking yield and the profile of the asset”, the deal was hailed as ‘landmark’ by CBRE agent Mike Walsh.

The vendor was Lambhill Pty Ltd, a private company owned by Gregory Willims of Ascot, Qld. The buyer was ASX-listed Dexus, which manages and directly invests in high quality Australian office and industrial assets and which currently has $26.5…