Trinity Sells 400 Queen Street, Brisbane, For $15.75 Million

TRINITY Limited has sold Brisbane's 400 Queen Street office in Brisbane for $15.75 million.

In a statement to the Australian Stock Exchange yesterday, Trinity confirmed it offloaded the 13-level, 3,989 square metre building, which it acquired in April 2007.

"400 Queen Street formed part of an amalgamated group of four adjoining commercial buildings owned by TERF [Trinity Enhanced Return Fund], which are well positioned within the 'golden triangle' of the Brisbane CBD", Trinity said. "The sale follows the divestment of 410 Queen Street for $23.8 million and 20 South Wharf for $5.5 million earlier this year.

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Posted originally: 2009-10-06 17:01:00

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