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.
