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Liberal Party of Australia (Victoria Division) hits record sale to high-end owner occupier

Colliers International sees high demand for east-end blue chip real estate

The Liberal Party of Australia (Victoria Division) has sold 104 Exhibition Street (corner Lt Collins) for an impressive price of approx. $16,100 per square metre on net lettable area.

Colliers International Melbourne City Sales team of Daniel Wolman, Matt Stagg and Oliver Hay sold the site for $37.1million.

“With an expected price of over $30million, the campaign saw over 110 genuine enquiries and received 10 strong and reputable bids,” Mr Wolman said. “The demand for this asset shows us the true strength in the Melbourne property market with aggressive offers coming from Local Private Investors, Offshore Investor and Listed Institutions.

“The final bidder was a very high-end luxury retail brand who have purchased the building with plans to owner-occupy for their Melbourne head quarters.”

The purchaser was represented by King Independet Property Advisers.

Mr Stagg added: “With high profile ground floor tenants, and being located in one of Melbourne’s most blue chip corner locations, it is no wonder that several offers came in with a return of circa 3%. The growth potential in the East End of the CBD is forecasted to contiunue with vacancy rates at 1.4% and the new $1.8 billion development being constructed by QIDC directly across the road.” 

After 30 years occupying the space, the Liberal Party of Victoria will be vacating the premises at the end of 2019 with time and plans to find a new office.

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Daniel Wolman

National Director | Melbourne City Sales

Investment Services

Melbourne CBD

Daniel is Head of Investment Services Victoria with a national role of growing the Australian Investment Services business. Transactionally, Daniel’s specialisation is in the Middle Market assets class ($20-$200mil) throughout the City of Melbourne.

Daniel joined Colliers in 2010 and quickly claimed market share of the CBD. He focuses primarily on commercial investments and value-add opportunities with a laser focus on office, retail and development sites, for which he and his team are market leaders.

Daniel regularly engages with a diverse range of clients from various sectors and consistently strives to surpass client expectation. He manages negotiations on behalf of local, national and international clients and has been involved in billions of dollars’ worth of transactions. 

Since commencing the leadership of his team in 2010, Daniel has managed to guide the Melbourne City Sales team to success year after year, continuing to be a leader in his market and achieve record transactions no other agency has managed to do. In 2021, Daniel has taken responsibility for the entire Victoria Investment Services business.

Throughout these years, Daniel has dedicated his time to many enterprising initiatives including Middle Markets, where Daniel has driven the Victorian and National business to focus on key investments predominantly in the office asset class, and Premium Investments which he has also lead from a National approach, listing and transacting assets underpinned by premium tenants.

Daniel has maintained strong relationships with clients due to his strong and transparent communication, and this is significantly prominent in his extensive track record.

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Matthew Stagg

Director | Melbourne City Sales

Investment Services

Melbourne CBD

Matt Stagg has specialised in the sale of Melbourne Central Business District (CBD) and City Fringe commercial property since 2000. He has an extensive track record selling office and retail investments, development sites and commercial car parks. 

​Matt has an established client base throughout Melbourne and Australia from a variety of sectors including institutional and private investors, family offices, corporates, developers, banks, receivers and government.

He has also cultivated a network of international clients from China and South East Asia. This has directly resulted in several record transactions throughout the CBD and City Fringe to major offshore investors and developers entering the Melbourne market.

​Please contact Matt and the Melbourne City Sales Team should you be considering selling or buying a high quality commercial property in the City of Melbourne.​

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Oliver Hay

National Director | Melbourne City Sales

Investment Services

Melbourne CBD

Oliver is an experienced National Director with a demonstrated history of working in the Real Estate industry. Skilled in negotiation, customer service and real estate transactions, Oliver is a strong operating professional who has received numerous accolades throughout his career. Oliver’s strong client relationships are proof of his success and his drive to achieve the best possible outcome for all clients is unmatched. With a focus in the City of Melbourne, Oliver has transacted some of Melbourne’s largest and most significant deals and continues to play a major role in breaking market records.

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