Terrace Office Park Property Fund owns Terrace Office Park in Fortitude Valley, one of Brisbane’s premier office park districts. It is a unique property on the northern side of and close to Brisbane’s CBD. The Fund acquired the property on behalf of a small group of investors in January 2020 at a valuation price of $34.0 million.

The leasing strategy is to focus on professional services, health, education, and Government agencies for full or part floors.

The property offers future development potential; it sits in Bowen Hills Priority Development Area (PDA) with pre-existing approval for 641 residential units.

Key points:

• A leasing strategy focusing on professional services, health, education, and government agencies
• Comprising a commercial office building over four levels with 176 car spaces
• Located in a premier office park district in Fortitude Valley, Brisbane, Queensland
• The fund’s term expires around 30 June 2026
• This fund is closed.