Alceon sells new Robina office for $41.3m

Acuity Business Park will contain three offices with a total 15,000 square metres of area.

Alceon has pre-sold a Gold Coast office earmarked for part of a site acquired from the local council early last year.

Building 1 within the Acuity Business Park at Robina is trading to a private investor for $41.3 million on an initial 6.5 per cent yield.

The price reflects a building rate of $6817 per square square metre.

About 75 per cent of the 6050 sqm, four-level structure at 209 Robina Town Centre Drive, on the south east corner of Laver Dve, is rented to home builder Metricon; the balance, and Building 2 are for lease via CBRE.

Cushman & Wakefield’s Peter Court and Mike Walsh sold it for Alceon, a Sydney based private financier founded and directed by investment banker Trevor Loewensohn.

Robina is about 10 kilometres south of Surfers Paradise (story continues below).

Acuity Business Park

Acuity Business Park will contain three standalone office investments with a total area of 15,000 sqm, a plaza, shops, gym, garden and basement car park.

It is taking shape on land City of Gold Coast had intended to create a regional base for itself – but instead sold for $7m.

In Brisbane Alceon has in recent years co-developed and sold offices at the master-planned Northshore Hamilton community.

It also recently applied to construct a $240m mixed use but predominantly residential village on the site formerly occupied by Tatts Group in that city’s north Albion.

A marketing image of the completed business park, about nine kilometres south of Surfers Paradise.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco