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Mirvac sells Brisbane office tower for $86.75m
Property investment group Forza Capital has purchased a 16-storey office tower at 340 Adelaide Street, Brisbane from Australian property group Mirvac.
Jerome Doraisamy
Firm: MinterEllison (Mirvac).
Value: $86.75 million.
Area: Real estate.
Key players: The Minters team was led by partner Adrian Rich, who was supported by senior associate Ruth Sainsbury and lawyer Amanda King.
Deal significance: Speaking about the sale, Mr Rich said that Minters is “currently involved in a number of significant post-COVID commercial property transactions across Australia, and we’re especially delighted to have supported Mirvac in achieving one of the first asset disposals in the Brisbane CBD since the pandemic began”.
“Coupled with our recent role in partnering with Mirvac to secure its appointment as one of the successful proponents of the Queensland Government’s build-to-rent pilot scheme, we are starting to see some ‘green shoots’ of activity in the property sector. Deals such as these point to a positive outlook for further activity into 2021,” he noted.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
