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Harburg puts A$150M of buildings in Brisbane, Australia, up for sale

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Harburg puts A$150M of buildings in Brisbane, Australia, up for sale

Banking on strong market demand, Harburg Investments Pty. Ltd. placed on the block the company's two remaining properties in the central business district of Brisbane, Australia, that are collectively worth more than A$150 million, according to The Australian Financial Review.

On offer are the office buildings at 260 Queen St. and 95 North Quay. Australian yachtsman Peter Harburg, the owner of the Brisbane-based asset management and property development company, was cited in the Feb. 14 report as expecting significant interest for the properties being marketed by CBRE either as individual assets or as part of a portfolio.

Situated within Brisbane's legal precinct, the 58%-occupied building at 95 North Quay offers 8,710 square meters of net lettable area, the AFR reported. Meanwhile, the 24-level 260 Queen Street property comprises more than 12,000 square meters of net lettable area and is anchored by Westpac Banking Corp. and Langfords Jewellers.