Knight Frank has sold a fully restored, 3-level CBD building on Little Lonsdale Street in Melbourne, at an auction that attracted around 100 attendees. The auction was the first held within Melbourne’s CBD for 2008.
Macquarie Park, already the second largest business district in New South Wales, is set to double its population to become the fourth largest business district in Australia by 2031.
The venture by Lend Lease Australian Real Estate Partners into the Melbourne CBD strata office market has proved lucrative, with results showing a near sell out of the newly refurbished Equitable House in Little Collins Street.
Construction of a substantial complex of eight individual office buildings by development group Bamburgh Properties will commence this month in South Melbourne.