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Property investment group Forza Capital has purchased a 16-storey office tower at 340 Adelaide Street, Brisbane from Australian property group Mirvac.
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 is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
