Lendlease’s Commercial Fund Sells Interest in Brisbane office

  • 13 Jan 2020
The strong result followed a competitive bidding process for the asset, which is located in Brisbane’s CBD. As part of the fund’s broader strategic focus on sustainability and amenity that support wellbeing, 66 Eagle Street includes a lobby with a breathing wall, new café and premium-grade end-of-trip facilities.

Cushman & Wakefield and JLL were appointed to manage the sale.   

Quotes attributable to Micah Schulz, Fund Manager, APPF Commercial
“The strategic divestment of our interest represents a strong result for the Fund. The dynamics of the workforce are evolving and as commercial tenants look to attract and retain the best talent, we will continue to invest in next generation precincts with a strong focus on customer experience. These precincts are highly attractive to tenants and their employees as increasing value is being placed on convenience, technology, sustainability, wellbeing and community in the workplace. 
“Recent examples of this strategy include our investments in the first two Melbourne Quarter Towers, and Daramu House and International Towers at Barangaroo South in Sydney.”


For more information please contact: 

Jay Pleass, General Manager, External Affairs
+61 412 623 578