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8 Gardner Close

Projects

8 Gardner Close

Location

Milton, QLD

Size

NLA 4,352 sqm

PURCHASE Date

August 2017

Sold

June 2019

Completed

TR

17.5

%

8 Gardner Close
8 Gardner Close
8 Gardner Close
8 Gardner Close
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Activities

QE upgraded the base building services, lobby, lifts, general aesthetics and services, and installed end-of-trip facilities. Painting of façade.

Strategy

We aim to regenerate the building aesthetically and mechanically targeting a minimum 4.5 Star NABERS Base Building Energy rating to attract and retain quality tenants, providing stabilised, long-term income to investors.

Outcome

Following the successful aesthetic and mechanical upgrades the property was sold in June 2019 with 100% occupancy. Shortly after the sale of the building 5 Star NABERS Base Building Energy rating was achieved due to the works that were completed.