Wattlestone, through its real-estate investment company, Walter Taylor, has acquired the boutique inner city office building at 65 Park Road, Milton in an off-market transaction from, Clarence Property. The acquisition further strengthens Wattlestone’s Brisbane portfolio and reflects its disciplined approach to identifying quality assets in tightly held precincts.
Positioned within one of Brisbane’s most connected commercial precincts, 65 Park Road offers multi-level office accommodation with secure on-site parking and a diverse tenant base. The property sits within walking distance of Milton Station, the CityCat terminal, Bus and key arterial routes, providing excellent accessibility for tenants and visitors alike.
The transaction was secured privately, underscoring Wattlestone’s ability to identify and execute opportunities with discretion and speed. The purchase aligns with the group’s strategy of acquiring well-located, income-producing real estate with the potential for long-term value creation through active management.
Wattlestone intends to enhance the asset through a considered program of upgrades and optimisation, ensuring the building continues to attract high-quality occupants and deliver enduring value. The Milton precinct continues to benefit from strong connectivity and sustained investment activity, reinforcing its position as one of Brisbane’s most desirable city-fringe locations and supports Wattlestone’s focus on building a resilient portfolio of enduring, high-performing assets held for the long term.
“65 Park Road is a high-quality, well-located building that fits neatly within our long-term approach to real estate investment,” said Alex Dignam, CEO of Wattlestone. “We continue to take a disciplined view on acquisitions, targeting assets that combine strong fundamentals with opportunities to enhance value through thoughtful management.”
