Government investment arm buys car showrooms
The City of Brisbane Investment Corporation has bought a row of car showroom with a leaseback.
The result for 200 Tingal Road, Wynnum – a 5185 sqm holding with multiple improvements – is as yet undisclosed.
The deal was struck off-market.
“To partner with the Bartons Wynnum team presents a valuable opportunity for CBIC to support the growth of the Bartons dealership whilst securing a prominent land holding,” chief executive officer, Lachlan Dyson, said.
CBIC invests in income producing assets for the Brisbane City Council which uses proceeds for urban landscape improvements.
More to come.
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