Brisbane Technology Park, Central, Eight Mile Plains

Overview

The property is an amalgamation of five buildings with a combined NLA of approximately 8,418 sqm and parking for 533 vehicles. There are two modern, multi-level office buildings, a childcare centre developed in 2020, and a multi-level car park. There is also approximately 6,100sqm of development land, which is currently utilised as a car park and an older office/warehouse facility. 51A McKechnie Drive has 5.0 NABERS Energy and 5.0 star NABERS Water ratings. 12 Electronics Street has 5.5 star NABERS Energy and 4.0 NABERS Water ratings.

Asset Information

  • Asset typeBusiness Park
  • Year built2013
  • TitleFreehold
  • Asset locationBrisbane, South
  • ZoningSpecialised Centre
  • Site area (hectares)0.8
  • Lettable area ('000sqm)8.3
  • Lettable area adjusted for ownership ('000sqm)8.3
  • Number of buildings5
  • Car parking spaces533
  • OwnerDXI
  • Ownership (%)100
  • Major tenantDepartment of Energy and Public Works
  • Book value at ownership ($m)40.0
  • Independent valuation dateJune 2023
  • Independent valuation at ownership ($m)40.0
  • Market cap rate (%)6.87
  • Leased by area (%)88
  • Weighted lease term by income (years)3.1

  • NABERS Energy rating (with Green Power)5.0 (51 McKechnie), 5.0 (12 Electronics),
  • NABERS Energy rating (without Green Power)5.0 (51 McKechnie), 5.0 (12 Electronics),
  • NABERS Water rating5.0 (51 McKechnie), 4.5 (12 Electronics)
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