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Credit Suisse fund $200m Brisbane Office

Global investment investment group Credit Suisse Asset Management has pre-purchased the Jubilee Place office development in Fortitude Valley precinct as an acquisition and fund through arrangement worth up to $200m.

JGL Properties are developing the asset at 470 St Paul's Terrace which will consist of 18,166 sqm of commercial office space (GFA) and feature a new 250 sqm public plaza and laneway which would be activated by the Jubilee hotel as well as new ground retail tenancies including a new beer garden.

The architects, Blight Rayner have designed the building with a distinctive cantilever and external structural load solution to accommodate the heritage building and the M7 tunnels which runs underneath the site.

The development is also targeting a 6 Star Green Star, 5 Star NABERS. Westpac has committed to 3,072sqm of space and International Workplace Group subsidiary Spaces has committed to 4885sqm.

The deal with Credit Suisse was negotiated by JLL.

Approved Development plans

Location Plan:

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