IIG K1 Property Trust
The IIG K1 Property Trust owns Kingsgate, a premium nine storey commercial office tower located at 1 Kings Street in Fortitude Valley, Brisbane. IIG acquired the property from Lendlease in July 2015 for $113.8 million, with a commitment from Lendlease to occupy the building as its anchor tenant for a minimum initial term of 12 years. The property was formerly known as K1.
Kingsgate is one of the most environmentally sustainable commercial buildings in Australia. Kingsgate is a Green Star 6 Star certified building designed and built by Lend Lease, K1’s anchor tenant. It was recently awarded the coveted 6 Star Base Building National Australian Built Environment Rating System (NABERS) energy rating..