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Mainboard-listed Thakral to invest up to up to $54 million in Brisbane property

Published on May 26, 2014 6:46 PM

SINGAPORE - Mainboard-listed Thakral Corp is investing up to up to A$46.2 million (S$53.7 million) in a Brisbane mixed-used project, said the firm on Monday.

The trading and property group said it has signed agreements with a private Australian developer to be a capital partner for the project.

The group has agreed to invest up to A$46.2 million in the project known as FV, which is about one kilometre from the Brisbane central business district and 150 metres from the Fortitude Valley Train Station.

The development in Fortitude Valley, Brisbane, will have up to 950 apartments and 5,500 square metres of retail space and car parking.

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