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Mirvac sells half-share in Olderfleet building to Singapore's Suntec

Property Markets / Transactions

Australia

Jul 27 2017

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Simon Johanson

Originally published in The Sydney Morning Herald

Diversified property group Mirvac has sold a half share in its signature Olderfleet development in Melbourne at a benchmark price that will help re-rate premium office values in Australia's east coast office market.

The ASX-listed property giant sold 50 per cent of an office tower under construction at 477 Collins Street to a Singapore-listed REIT, Suntec, for $414 million.

 

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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