Clarence Property expands its TradeCoast presence with the $42M acquisition of 69 Rivergate Place, Murarrie!
The 11,353 sqm, purpose‑built regional headquarters is 100% leased to Yamaha Motor Australia and offers 98m of river frontage, a WALE of 3.6 years and direct access to Port Brisbane and the Gateway Motorway.
Ben Somerville, our Head of Capital Transactions, said the deal confirms Clarence’s confidence in southeast Queensland’s industrial fundamentals – “We see continued value in defensive, infrastructure‑connected assets with strong tenant profiles and underlying land value.”
Our CEO Simon Kennedy added that Rivergate fits our strategy to grow exposure to metro markets with embedded infrastructure and long‑term value. “Rivergate is a rare, covenant‑backed, income‑generating asset with strong locational fundamentals.”
The team thanks Jack Pershouse and David Gibson of Modus Property Group and Colliers’ marketing team for their support.
Clarence remains committed to delivering long‑term value for investors and fostering regional economic growth.
Clarence Property is excited to announce the purchase of 120 Edward Street, an A-Grade office tower in the heart of the Brisbane CBD for $119 million.
The 18-storey office tower was bought by our flagship Clarence Property Diversified Fund, from international real estate manager DWS, on a passing yield of 8.46% and is 98% leased.
We see 120 Edward St as a strategic counter-cyclical play in a market we know well and believe is well placed for the future.
Ben Somerville, our Head of Transactions, worked with CBRE Queensland Senior Managing Director, Bruce Baker, and Queensland State Director, Peter Chapple to broker the deal with DWS.
As the Fund approaches its 30th year of uninterrupted monthly distributions, we’re pleased to add 120 Edward St to the portfolio.
News and Investor Updates
Clarence Property Corporation Limited ACN 094 710 942, AFSL 230212, is the issuer of the PDS for Clarence Property Diversified Fund ARSN 095 611 804 and Epiq Lennox Property Trust ARSN 626 201 974. Please read the PDS and TMD at clarenceproperty.com.au before deciding whether to invest.
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