New Milestone: 555 Coronation Drive, Toowong Secured for $37M+

Exceed Capital has added another premium asset to its growing national portfolio with the acquisition of 555 Coronation Drive, Toowong, in a $37.45 million deal. Purchased from ASX-listed Centuria Office REIT, the fully leased A-grade office building bolsters Exceed’s commitment to high-quality, income-generating assets in key metropolitan markets.

The acquisition brings Exceed Capital’s assets under management to over $300 million, continuing its upward momentum in the commercial property investment space.

Why 555 Coronation Drive Stands Out.

Read more in our updates. This prominent riverfront office building offers a compelling mix of location, tenancy security, and long-term capital value. Key highlights include:

• Location: Riverfront position in Toowong, just 5km from Brisbane’s CBD
• Net Lettable Area: 3,386 sqm
• Occupancy: 100% leased
• WALE: 3.1 years (Weighted Average Lease Expiry)
• Tenants: Includes Link Group, Health Workforce Queensland, and government health services
• Sustainability: Features a 4.5-star NABERS energy rating

View asset details in our portfolio. The acquisition was brokered off-market by CBRE’s Jack Morrison and Adelaide O’Brien, representing Centuria.

Investment Strategy Aligned with Value and Stability

With increasing demand for well-located office assets and limited supply in Brisbane’s fringe markets, Exceed Capital viewed this as a strategic value acquisition. The company’s consistent focus on properties that deliver secure income streams and capital growth potential is reflected in this latest move.

“This acquisition further cements our position in key metro locations and reflects our confidence in Brisbane’s office market fundamentals,” said Vaughan Hayne, Managing Director of Exceed Capital.

Complementing a Growing Portfolio

555 Coronation Drive joins a strong portfolio that includes:

• 35 Robina Town Centre Drive, Robina (Gold Coast) – acquired for $40M
• 154 Varsity Parade, Varsity Lakes – repositioned to 97% occupancy
• 19 Grenfell Street, Adelaide – recent CBD acquisition with upgrade plans underway

With diversified holdings across office and retail sectors, Exceed continues to attract investors seeking well-managed unlisted property trusts with reliable returns.

Next steps: Register your interest

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