Not for profit divests inner Brisbane sites
Mater has sold two South Brisbane retail investments some hundred metres from each other.
The not-for-profit health group is banking $10.85 million from separate investors.
The largest property, 620 Stanley Street, covering 1075 square metres, including the Mater Foundation headquarters, fetched $7.9m.
Mater paid $6.71m for this property in 2013 (story continues below).
The other assets, 582 Stanley St, the c1928 Lenehan’s Building, and 580 Stanley, reaped $2.95m following a deal settling October.
Mike Walsh and Peter Court from the recently formed MP Commercial were the agents.
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