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BTR Experts: QVM, Elizabeth Street, Melbourne VIC

Munro

Price: $333,000,000
Client: PDG
Purchaser: Mirvac
Sale Date: March 2019
Land Area: Strata purchase

The Offering:
The property was offered as a fund-through partnership opportunity to purchase the residential component of the larger mixed use project. The offering included 490 apartments with a total NSA of approximately 31,714 sqm.

Sale Process:
Off-Market Private Sale
 
Outcome:
Sold to Mirvac as the first forward fund deal in the Australian market. This kickstarted Mirvac’s build-to-rent presence in Melbourne.