Olderfleet, 477 Collins Street

Property Statistics As at 30 September 2019
Market Valuation
Market Valuation
S$388.9 million1,2,3
NLA
Total Net Lettable Area
0.3 million sq ft1
Commited Occupancy
Committed Occupancy
-
Net Property Income
Net Property Income
-
Location 477 Collins Street, Melbourne, VIC 3000, Australia
Ownership Interest 50.0%
Title Freehold
Purchase Price A$414.2 million
Car Park Lots 414

Notes:

  1. Reflects Suntec REIT's interest in the property.
  2. Based on valuation as at 31 December 2018 on an "as if complete" basis. The carrying value as at 30 September 2019 was S$179.7 million.
  3. Based on an exchange rate of A$1.00 = S$0.9331.

Olderfleet, 477 Collins Street is a new 40 storey premium-grade office building under construction and is expected to achieve practical completion by mid 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.