Five sold in Aurora

FIVE retail shops in the Aurora Tower development have sold for a combined total of $3.815 million.

Amalgamated Property Group sold the shops at the base of Brisbane’s tallest apartment building to private investors, one of whom bought three shops for $1.475 million.

CB Richard Ellis (CBRE) director Mark Greer links the strong investor interest to the tower’s prime location on Queen Street, with yields between 6.4 per cent and 6.9 per cent.

"Recent interest rate reductions have fuelled increased private investor demand for well located retail assets," says Greer.