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Sign in Sign up for a FREE subscriptionDexus to acquire Melbourne asset for A$1.4b
Dexus has plans to acquire 80 Collins Street in Melbourne for A$1.4 billion ($1 billion).
The seller is QIC, which confirmed in a statement it is in the early stages of exclusive due diligence to acquire 80 Collins Street alongside capital partners.
It marks the largest deal of the recent times in Melbourne’s commercial real estate market.
The billion-dollar mixed-use precinct comprises an existing 52-story tower, while QIC is developing a 39-story office tower, along with about 6,000 square meters (65,000 square feet) of retail and a 300-key hotel managed by Singaporean brand Next.
