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Victoria University city campus to change hands

Colliers Matt Stagg, Daniel Wolman and Oliver Hay have been exclusively appointed to offer for sale the Victoria University City Campus at 300 Flinders Street, Melbourne by Expressions of Interest closing 12 noon Wednesday 12 May 2021. The quoting price is more than $90 million (Excluding GST).

Victoria University has occupied the prominent B grade mixed-use building since approximately 1993 and leases the basement, ground and levels 9 to 18 with a total net lettable area of 14,093sqm. 

The current net passing income is $5,179,394 per annum.  The lease is due to expire 30 October 2022 at which time Victoria University will relocate to their new $400 million City West Campus designed by Jackson Architecture and developed by ISPT.

300 Flinders Street is located directly opposite the west entrance of Melbourne’s famous Flinders Street Station. 

This is a rapidly developing CBD precinct with pending 2025 completion of the new $9billion Melbourne Metro project. Lendlease has Over Station Development rights to construct approximately 20,000sqm of mixed-use retail and commercial space above the new Town Hall Station on the corner of Flinders Street and Swanston Street. 

Mr Stagg said publicity surrounding Melbourne Metro was beginning to attract a wave of international investment along Flinders Street and Flinders Lane. 

“Flinders Street Station is the busiest train station in the Melbourne CBD,” he said. “When the Metro Tunnel is completed, this location opposite Flinders Street Station will have the highest concentration of pedestrian foot traffic in the Melbourne CBD and potentially that of any capital city in Australia. 

“300 Flinders Street is well positioned to capitalise on projected increased activity with an extensive 40 metre street frontage to Flinders Street and valuable interconnectivity via an undercover retail arcade throughfare providing pedestrian access through to Mill Place, Flinders Lane and Collins Street Financial Precinct.”

Recent sales in the precinct have included Riverside Plaza (452 Flinders Street) to German real estate giant Deka Immobilien in December 2020 for circa $440million and Invicta House at 226 Flinders Lane to Swiss Fund Manager Fidinam in March 2021 for circa $40million.

“The pending lease expiry and holding income provides sophisticated and strategic investors the opportunity to reposition and add value to this dynamic investment opportunity,” Mr Wolman said.

“The upper commercial levels provide flexible floor plates ranging in size from 1,200sqm to 2,200sqm with abundant natural light from four sides and panoramic views of the City and Southbank skyline.

“ Some floors feature interconnecting stairs between levels, outdoor balconies and terraces providing a unique point of difference to attract tenants.  The building is a prominent fixture on the Melbourne CBD skyline with illuminated signage rights that may be leveraged to attract a new anchor tenant to the building.”


Related Experts

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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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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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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