Clarence sheds Brisbane office with high rise permit
Clarence Property has sold an inner-city Brisbane office after obtaining a redevelopment permit for a 27 storey apartment building.
The asset manager banked $17 million for 9 Hercules Street, Hamilton.
It paid $11.98m for the 1870 square metre site, with Brisbane River views, in November, 2017.
The proposal, with 189 dwellings, was approved mid-last year.
Cushman & Wakefield’s Morgan Ruig and Angus Green brokered the on-sale.
More to come.
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