NEWS

50% interest in Southern Cross East and West Towers sells for $675million

On behalf of Brookfield Property Partners, Colliers International’s Melbourne Capital Markets team has successfully sold a 50% interest to Blackstone in what is one of Australia’s finest and largest office investments – Southern Cross East and West Towers, Melbourne.

The sale is the largest ever office transaction in the Melbourne CBD, eclipsing the 2014 sale of ‘CBW’, in which a 100% interest was sold for $608.1million by Colliers International.

SOUTHERN CROSS EAST (121 EXHIBITION STREET)

Built in 2006, Southern Cross East is a modern, 38-level office building featuring more than 77,000sqm of high quality A-grade office space constructed around a central core.

The ground level features a high quality, double height entrance foyer as well as 15 retail tenancies positioned along Bourke Street, Exhibition Street, Little Collins Street and Southern Cross Lane.

SOUTHERN CROSS WEST (111 BOURKE STREET)

Southern Cross West is the second tower in the Southern Cross development and was constructed in 2009. The A-Grade office building comprises a generously proportioned ground level foyer, 12 retail tenants and 20 upper levels of office accommodation.

On behalf of Brookfield Property Partners, Colliers International’s Melbourne Capital Markets team has successfully sold a 50% interest to Blackstone in what is one of Australia’s finest and largest office investments – Southern Cross East and West Towers, Melbourne. The sale is the largest ever office transaction in the Melbourne CBD, eclipsing the 2014 sale of ‘CBW’, in which a 100% interest was sold for $608.1million by Colliers International.

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