Investment is gathering around Cairns’ city centre, with the Cairns Commonwealth Centre undergoing a major refurbishment and the adjoining former Energy Queensland building being marketed for redevelopment or refurbishment.
The shift is from isolated upgrades to a broader repositioning of the CBD’s commercial core.
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Why it matters
Cairns is beginning to attract the coordinated commercial investment needed to revive its CBD.
Taiwanese Investor Acquires Brisbane Office for $81M
Summary
Daiken Investment Australia, the Australian arm of a Taiwanese digital health group, has made its first Australian property acquisition, buying a South Brisbane office building for $81 million.
The purchase adds offshore capital to Brisbane’s office market and signals that selected assets remain
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Why it matters
An $81 million first entry from a Taiwanese investor strengthens Brisbane’s position as a target for cross-border office capital.