Proven Brisbane CBD office performer at 340 Adelaide Street offered to market

Forza Capital has listed 340 Adelaide Street for sale offering a rare opportunity to acquire a 100% freehold interest in one of Brisbane CBD’s most strategically positioned office towers.

Positioned on a prominent 1,637sqm elevated corner site at the intersection of Adelaide and Wharf Streets, the 16-level office tower occupies a highly connected location along Brisbane’s primary transport corridor and on the doorstep of the city's prestigious Golden Triangle precinct. 

CBRE’s Peter Chapple, Jack Morrison and Bruce Baker have been exclusively appointed to manage the sale via an Expressions of Interest campaign, which is set to commence this week. 

Of the asset, Forza Capital’s Fund Manager Jeremy Gray said, “340 Adelaide Street is a high-quality asset with proven performance. Asset vacancy has been consistently well below market over the period of Forza Capital's ownership and it’s well positioned to capitalise on Brisbane’s strong occupier demand.”

Mr Chapple noted this was a compelling opportunity to secure a high-performing Brisbane CBD asset supported by a diverse tenant profile, exceptional transport connectivity and a demonstrated history of strong occupancy.

“340 Adelaide Street offers investors the opportunity to acquire a proven CBD performer with outstanding fundamentals in one of Australia's strongest office markets,” Mr Chapple said.

“The building is prominently positioned just 500 metres from Central Station and benefits from excellent accessibility, strong natural light, flexible floorplates and a diverse mix of blue-chip tenants spanning technology, engineering, insurance, healthcare and professional services,” he added.

The property comprises 12,866sqm of net lettable area, including 12,719sqm of office accommodation and 147sqm of retail space, together with 101 on-site car parks. The asset's leasing performance highlights its strong tenant appeal, having maintained an average occupancy of 99.36% over the past five years. This sustained demand reflects the building's excellent connectivity, flexible floorplates and attractive value proposition, which have continued to attract a broad range of corporate occupiers despite evolving market conditions.

Mr Morrison noted Brisbane’s office market fundamentals continued to support investor demand for quality assets.

“Brisbane continues to outperform other major Australian office markets, benefiting from significant infrastructure investment, strong population growth and a constrained future supply pipeline,” Mr Morrison said.

“With more than $127 billion of infrastructure investment forecast across Queensland and limited new office stock scheduled for completion over the coming years, well-located assets such as 340 Adelaide Street are ideally positioned to benefit from ongoing rental growth and improving investment fundamentals,” he added.

The building was originally developed to institutional-grade standards and features highly efficient floorplates, a superior parking ratio, end-of-trip facilities, rooftop solar infrastructure, full backup power capability and a 5.5-Star NABERS Energy rating.