Office

Valley Metro

Valley Metro, 230 Brunswick Street, Fortitude Valley, QLD, 4006, AU

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Asset Description

JLL and CBRE are pleased to present this rare and exclusive opportunity to acquire a 100% interest in Valley Metro – a significant mixed-use asset positioned directly over Fortitude Valley Train Station, one of Queensland’s busiest railway stations.

The asset includes a vibrant Woolworths Metro anchored retail centre, an extensively refurbished office tower (Transport House), and a freestanding commercial car park.

Occupying over 2 hectares of site area, there is potential for multi-stage development opportunities for Commercial, Residential or Build to Rent offerings.

Attributes

Building area Net

14,168 m²

Occupancy

85.00%

Year built

2021

Land area net

0.02 km² (17,650 m²)

Investment Highlights

Valley Metro is underpinned by the following investment highlights:

Brisbane’s only privately owned inner-city Transit Oriented Development
Direct link inside the Centre to Fortitude Valley Train Station, with over 18,000 visitors to Valley Metro daily
Significantly refurbished in 2020, with more than $40 million completed in a capital expenditure program
Diversified cash flow across multiple asset types with secure income from over 60 tenants
Every one of the 25 tenants in Transport House are first generation tenants with brand new fitouts
Multiple opportunities for further value creation including major sites primed for development
Existing DA approvals in place for a prime 33,000 sqm NLA office tower and a 207 apartment residential tower
Fortitude Valley is a major attractor of a young, affluent, couple-based demographic, recording 10-yr population growth of 7.1% per annum
Poised for significant growth underpinned by leading levels of infrastructure spend as we head towards the Brisbane 2032 Olympics

A 100% Interest in Valley Metro is available for sale via an International Expressions of Interest campaign closing 4:00pm (AEST) Wednesday the 29th of June 2022.