GIC Breathes Life into Brisbane Office Market with Large Tower Purchase

Posted on 12/06/2017


Singapore’s GIC Private Limited has purchased downtown Brisbane’s 41-story Santos Place office tower, at 32 Turbot Street, from Malaysian government corporation Permodalan Nasional Berhad (PNB) for US$ 281 million (A$ 370 million), making it the largest office deal in the city so far in 2017. The northern Australian city’s central business district recorded an office […]