​Clarence Property purchases $11.8 million asset

​Clarence Property purchases $11.8 million asset


March 2017
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​Clarence Property purchases $11.8 million asset

Property investment group Clarence Property have secured a two-level office building at 183 Varsity Parade in Varsity Lakes, Queensland for $11.8 million via an off market transaction.

The building, boating an expansive 3153sq m will be placed in Clarence's $400 million unlisted Westlawn Property Trust, which also includes shopping centres, an industrial complex, the masterplanned Epiq Lennox Head and other office buildings.

The deal was brokered by Knight Frank's Mark Witheriff.

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