Institutional investors are being lured back to the office sector with strong market yields on offer, according to the head of a $390-million urban wealth fund.
City of Brisbane Investment Corporation chief executive Kirsty Rourke says she is confident in the resilience of Australia’s office market after splashing more than $70 million on an office block in Canberra recently.
But she says putting a foot on something that stacks up financially is difficult in the current climate, as institutional investors and foreign money floods the market.
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