Deka Immobilien sells Brisbane Central Plaza 2 tower to GPT Group for AUD 380 million

By Public Technologies
  • DekaBank Deutsche Girozentrale’s Deka Immobilien sold the Central Plaza 2 office tower in Brisbane to GPT Group.
  • Transaction value about AUD 380 million, equivalent to about EUR 235 million, net of future tenant incentives.
  • Asset held by open-ended property fund Deka-ImmobilienGlobal; Deka acquired it in 2020 following a refurbishment.
  • Sale aims to avoid re-leasing risk as anchor tenant Queensland Investment Corporation plans to vacate.
  • Proceeds earmarked for reinvestment as the fund seeks to capitalize on global real estate cycles.


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