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April 6, 2015

Designed by leading architects and delivered by an experienced and highly regarded project team, Brisbane’s newest commercial office building will be defined by quality and style and will cut a prominent figure in the Fortitude Valley market.

K1 is a brand new A-Grade office investment underpinned by blue chip covenants providing a WALE of 7.5 years.

Investment Overview:

  • Designed by leading architect firm Francis-Jones Morehen Thorp and delivered by Lend Lease, 1 King Street, Fortitude Valley “K1” is Brisbane’s newest next generation office building, setting the benchmark for quality and design within Brisbane’s Near City market.
  • Upon completion K1, will comprise 16,587 sqm of quality A-Grade accommodation encompassing two levels of basement car parking for 94 vehicles; lobby and ground level retail and nine levels of office accommodation with 1,824 sqm typical floor plates.
  • Highly secure income stream with a weighted average lease expiry of 7.5 years as at practical completion underpinned by a 12-year lease to Lend Lease coupled with a 5-year rent guarantee. Further, in a low growth environment, K1 offers excellent investment profile with fixed 4% and 3.5% increases over leased and guaranteed space which will ensure long term income security and growth.
  • K1 can capitalise on the surrounding existing and future development pipeline, located between the heart of Fortitude Valley’s commercial precinct (Green Square and HQ North & South) and at the entrance to the $2.9 billion Brisbane Showgrounds redevelopment – Brisbane’s most exciting master planned project.

Click to view a video for the property.

Seeking Offers to Purchase before Thursday 30 April 2015, 4.00pm AEST.

Contacts

Seb Turnbull
+ 61 407 374 298
seb.turnbull@ap.jll.com

Geoff McIntyre
+ 61 417 718 410
geoff.mcintyre@ap.jll.com

Luke Billiau
+ 61 408 066 165
luke.billiau@ap.jll.com

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