The four-level Heckelmanns building, located at 171 Elizabeth Street, joins a $1 billion active portfolio that NRG plans to expand rapidly over the next few years as it pursues a goal of “adding value to generational assets” across Australia and New Zealand.
The Brisbane deal follows the acquisition earlier this year of another heritage-listed building at 150 Rundle Mall in Adelaide for $10.85 million.
“It feels like we’re just getting started,” says Michael Spektor, CEO of National Retail Group.
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