PROPERTY PORTFOLIO

ARCBS (Australian Red Cross Blood Service) Facility

Cnr Musk Avenue and Blamey Street, Kelvin Grove, Brisbane, QLD

Completed in April 2008, the ARCBS facility houses the blood testing, processing, distribution, research and administrative activities of the Queensland operation of the Australian Red Cross Blood Service. In addition, the Queensland University of Technology (QUT) has located clinic and health-related facilities in the building – including pool, court and gymnasium, which are mainly used by QUT for human movement and bio-mechanic studies and research. The balance of the space includes other complementary health, commercial and retail uses.

Key facts
Description The state blood testing, processing and distribution centre. Part of University Medical School
Ownership 100%
Ownership type Leasehold
Built 2008
Book value $81.5 million
Capitalisation rate 7.05%
Major tenant(s) ARCBS
Number of tenants 11
WALE 16.6 years
Site area 6,897 sqm
NLA 20,250 sqm
Occupancy 100%
Car parks 300
Rental reviews Higher of CPI or 3%, fixed reviews between 3.5% and 5%, CPI and market reviews
Proposed development stages

Contact details

Asset Manager
James O'Keefe
T +61 3 8656 1058
M +61 408 171 101
Email James O'Keefe
Property Manager
Kirsty Ford- CBRE
T +61 7 3833 9738
Email Kirsty Ford