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)
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