O'Connell's OBM House

Project name: O'Connell's OBM House

Location: 26 Wharf Street, Brisbane

Project type: 12 storey office building in Brisbane CBD

Purchase Date: February 2010

Purchase Price: $8.0 million

Sale Date: April 2012

Sale Price: $12.25 million

Return to Investors: 34% ROE, 17% IRR

Harvest, together with investment partner, the Denison Group acquired a 12 storey office building in the Brisbane CBD. Harvest Property managed both the leasing and a refurbishment of the property. After all fund expenses and refurbishment costs, investors received a total return on investment of approximately 34% over a two year period.