Core Office Portfolio

Permodalan Nasional Berhad, the Malaysian governments’ sovereign fund for investing in real estate assets purchased Santos Place in August 2010 for $287,000,000. This asset, developed by Nielson Properties on land previously acquired by our investment partners represented the largest post Global credit crisis property transaction in Brisbane, as well as the nations largest 6-star As-built rated building and is PNBs first Australian asset.

A traditional core fund style asset, Santos Place continues to strengthen in the market, being 100% leased, and providing strong returns. Click here for a profile on Santos Place, or here to be directed to the building website.

Location	32 Turbot Street, Brisbane
Value	$287 million
Lettable Area	35,400m²
Major Tenant	Santos Aurecon Vincents
Completion Date	2009

Santos Place, 32 Turbot Street, Brisbane – Owned by PNB

Property Description

Originally part of the current Nielson Properties development portfolio, the property was acquired in 2004 with a view to supplying commercial office accommodation into the strengthening 2009 Commercial CBD office market.

The building was sold to PNB in 2010. Nielson Properties continue to manage the asset on behalf of the new owner.

Located in the heart of the Northquarter precinct, the immediate area is experiencing unprecedented privately led urban renewal and public infrastructure expenditure.