Added to the Cromwell Direct Property Fund (Fund) in late-2017, 433 Boundary Street is a modern office building located in Spring Hill Queensland, just north of Brisbane’s CBD.
The property is an elevated 3,778 square metre site comprising of a three-level office building with approximately 6,000 square metres of net lettable area.
The major tenant, International Education Services (IES), works in partnership with organisations such as the University of Queensland to offer educational services for international students and educational professionals.
The education sector is a major source of substantial growth in Australia and is the third largest export behind iron ore and coal. IES, as a global leader in education services, is well positioned to benefit from the influx of international students returning to Australia now borders have reopened after a tumultuous two years of COVID-19.
With the Brisbane City Council’s clear agenda to continually attract more students to the city, combined with their vision to rejuvenate the Spring Hill precinct, Boundary Street will provide long-term value to Cromwell and unitholders in the Fund.
433 Boundary Street is held in Cromwell Direct Property Fund. To gain exposure to 433 Boundary Street or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email firstname.lastname@example.org.
- Occupancy figures as at 31 January 2024.