Press Release
Deka Immobilien sells Office Tower in Brisbane, Australia
Frankfurt, 23.09.2026
Deka Immobilien has sold an office tower in the central business district of Brisbane, the capital of Queensland, Australia, to the Australian real estate investment manager The GPT Group. The property, which was part of the portfolio of the Deka-ImmobilienGlobal open-end real estate fund, changed hands for approximately 380 million Australian dollars (approximately 235 million euros). This price reflects the deduction of future incentives to be granted to existing tenants.
Deka Immobilien acquired this prestigious property, built in 1990, immediately following its renovation in 2020. The property comprises approximately 32,000 square meters of leasable space and 211 parking spaces. Known locally as “Central Plaza 2” the property is located at 66 Eagle Street, in the so-called “Golden Triangle” of the central business district. The property is nearly fully occupied by 25 tenants. The anchor tenant is the Australian institutional asset manager and sovereign wealth fund Queensland Investment Corporation (QIC), which will vacate the property in the near future.
With this sale, the fund management team of Deka-ImmobilienGlobal is capitalizing on the improved market environment for office real estate in Australia to avoid re-leasing risks associated with the property. The fund plans to take advantage of global real estate cycles to reinvest the proceeds.
About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.
The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 50 billion (as at 31/12/2025) in real estate assets.
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