The Evolution of Suburban Business Parks – Australia’s Emerging Institutional Asset Class
An interview by Sam Biggins | Director, Queensland, Investment Services from Colliers International with Paul Huston from Alceon
Recently, Colliers International had the privilege of transacting 381 Macarthur Avenue, Hamilton, on behalf of the Alceon-Graystone JV to the Centuria Diversified Property Fund as the fund’s first direct property investment.
Following this significant investment by Centuria Sam Biggins, Queensland Director for Investment Services, caught up with Paul Huston, Project Director – Alceon Suburban Business Parks, to discuss the exciting evolution in this product offering and what is attracting both tenants and institutional investors of Centuria’s calibre to these precincts.
As Queensland’s pre-eminent suburban business park developers Alceon & Graystone are behind a number of class-leading projects including the BTP Hamilton Northshore and BTP Eight Mile Plains precincts.
The aforementioned acquisition by Centuria is a strong endorsement of the transition of this product into an institutional-grade asset class, and at a local level an indicator of the growing wave of capital being invested into Brisbane’s suburban middle market office sector.