Monday, 10 July 2017

Victoria

Melbourne Office Tower Sold (AFR)

• Morgan Stanley has acquired a 50% stake in a 26,000m² office tower at 664 Collins Street, Melbourne for $138 million ($5308/m2 NLA ), reflecting a yield of 4.97%.

• As part of the deal, Mirvac will provide rental guarantee on any unlet space for 5 years after completion in 2018.

Queensland

Gold Coast Corporate Centre Sold (AFR)

• CorVal Partners has acquired the 21,110m² Bundall Corporate Centre at 2 Slatyer Avenue, Bundall for $89 million ($4216/m2 NLA).

• The site comprises two A-grade office towers, a gym and 15,500 square metres of adjoining land.

#MelbourneOfficeTowerSold #GoldCoastCorporateCentreSold