A telephone exchange (aka central office) in Brisbane, Australia, has been acquired and is set to be demolished.
Australian property investor and developer, Cbus Property, this week announced it has acquired 280 Elizabeth Street, located in Brisbane’s CBD.
– Cbus Property
The 10-story site, also known as the Edison Exchange, is currently occupied by Australian telco Telstra, operating the site as a telephone exchange. The telco's lease on the site is set to end shortly.
Describing the 1,680 sqm (18,083 sq ft) freehold property as a “prime redevelopment site,” Cbus aims to build its third commercial office tower in the Queensland capital city.
