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

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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.

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Why 555 Coronation Drive Stands Out

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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

The acquisition was brokered off-market by CBRE’s Jack Morrison and Adelaide O’Brien, representing Centuria.

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Investment Strategy Aligned with Value and Stability

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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.

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“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.

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Complementing a Growing Portfolio

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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.

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