25 Green Square Close, Fortitude Valley

Property Summary as at Sale Date

Ownership
100%
Acquisition date
June 2015
Sale date
March 2018
Site Area
3,068 m2
Total area (NLA)
2,431 m2
Occupancy
100%
Sale Price
$15 Million

Following the growth of CBIC’s operational and financial capacity, CBIC acquired 25 Green Square as a future development site, underpinned by a short-term lease to Brisbane City Council.

Several plans were developed for the site before being approached by the Queensland Government to purchase the site. Queensland Government intended to use the site for the expansion of the adjoining Fortitude Valley State School. A premium sale price above the valuation was agreed and the site was settled in early 2018.