Brisbane Technology Park
Central, Eight Mile Plains
Overview
The property is an amalgamation of five buildings with a combined NLA of approximately 7,100sqm 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.
Asset Information
- Asset typeBusiness Park
- Year built2013
- TitleFreehold
- Site area (hectares)0.8
- Lettable area ('000sqm)7.1
- Lettable area adjusted for ownership ('000sqm)7.1
- Car parking spaces533
- OwnerDXI
- Ownership (%)100
- Major tenantDepartment of Energy and Public Works
- Acquisition dateDecember 2013
- Book value at ownership ($m)38.1
- Independent valuation dateDecember 2024
- Independent valuation at ownership ($m)38.1
- Market cap rate (%)7.09
- Leased by area (%)90
- Weighted lease term by income (years)3.2
- NABERS Energy rating (with Green Power)5.5 (51 McKechnie) 5.0 (12 Electronics) 1.0 (33 McKechnie)
- NABERS Energy rating (without Green Power)5.5 (51 McKechnie) 5.0 (12 Electronics) 1.0 (33 McKechnie)
- NABERS Water rating5.0 (51 McKechnie) 4.5 (12 Electronics)
- Green Star rating3.0 Star (Performance v1.2)