K-REIT Pays Charter Hall $166 Million For Half Share in Brisbane Office

A SINGAPORE based real estate trust has paid $166 million for a half share in a major Brisbane office building.

K-REIT Asia (Australia) Trust has made its first foray into the commercial property market, according to the Herald Sun, buying into the 30-level, 40,317 square metre fully leased office.

Charter Hall was the vendor.