We assisted our client in the purchase of a heritage listed city office building, fully tenanted with access to shared laneway areas by prominent property fund.
Redchip Lawyers recently advised Silverstone Development on its acquisition of the heritage listed Corbett Chambers at 283 Elizabeth Street in Brisbane’s CBD.
The deal is another example of the commercial property market in Brisbane continuing to be a prominent area for investors looking to secure promising returns on their investment. It is a core element of Redchip Lawyers’ Property team to be an advisor to investors who seeking to grow their portfolio by acquiring commercial land holdings around Queensland.
The deal follows on from Silverstone’s recent acquisition of another commercial property located in Newstead, which Redchip Lawyers also advised on.
Redchip Lawyers property Director, Rob Lalor commented:
“This acquisition demonstrates the sustained growth of the Brisbane commercial property market and delivers on Silverstone’s continued expansion in the market. Redchip has been pleased to advise Silverstone on this transaction and previous transactions as it continue to grow its portfolio of land throughout the state.“
Redchip advised on all aspects of the acquisition, including the drafting and negotiation of the Contract and legal due diligence to ensure a smooth settlement for Silverstone. The transaction was led by Director Rob Lalor and was supported primarily by Associate Directors Rhennen Ford and Lauren Cutuli.