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Dexus sells stake in Brisbane tower above book value Save Share Dexus and Canada’s CPP Investment Board have sold Brisbane’s 10 Eagle Street office tower for $285 million, a higher-than-book value, indicating higher office asset valuations when ASX-listed Dexus reports its next earnings for the six months to June. Australia’s largest office landlord and the Canadian sovereign wealth fund acquired the 34-level Eagle Street building, which sold at a 1.8 per cent premium to its book value, in their Dexus Office Partnership, which in 2014 took over a portfolio of properties from the Commonwealth Property Office Fund. Brisbane-based and focused investment manager Marquette Properties acquired the building in a competitive on-market sales process though a single-asset syndicate of 185 family investors, mostly from Queensland and NSW. Settlement is expected next month.

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