Olderfleet, 477 Collins Street

Property Statistics As at 30 June 2021
Market Valuation
Market Valuation
S$452.4 million1,2,3
NLA
Total Net Lettable Area
0.3 million sq ft1
Commited Occupancy
Committed Occupancy
96.6%1,4
Net Property Income
Net Property Income
S$9.6 million5
Location 477 Collins Street, Melbourne, VIC 3000, Australia
Ownership Interest 50.0%
Title Freehold
Purchase Price S$430.9 million
Car Park Lots 414

Notes:

  1. Reflects Suntec REIT's interest in the property.
  2. Based on valuation as at 31 December 2020.
  3. Based on an exchange rate of A$1.00 = S$1.0166.
  4. Rent guarantee on vacant spaces.
  5. Based on the exchange rate of A$1.00 = S$1.0228.
  6. Based on total actual progress payment made, at an average exchange rate of A$1.00 = S$1.0041.

Olderfleet, 477 Collins Street a new 39 level premium-grade office development achieved practical completion on 31 July 2020.

The property is located within Melbourne's Central Business District with four train lines serving Collins Street. The Southern Cross Station, Victoria’s primary metropolitan and regional transport hub is also a short walking distance away.