NEWS

APPF Commercial lists prime Melbourne commercial building

Colliers International appointed to sell The Gauge at 825 Bourke Street, Docklands

Colliers International expects strong investor interest when a prime Docklands office building built to the highest environmental sustainability standards hits the market next month.

The Lendlease-managed Australian Prime Property Fund Commercial (APPF Commercial) has appointed Colliers International’s Leigh Melbourne and Nick Rathgeber to sell a 100% interest in The Gauge, a seven-storey office building situated at 825 Bourke Street in Docklands.

The 10,164sqm commercial office building was constructed by Lendlease in 2008 and forms a key component of the booming Victoria Harbour precinct.

The Gauge is set on a 3,618sqm island site amongst a concentrated precinct of major national and global corporations, including ANZ, NAB, Myer, CBA, KPMG, Medibank, ATO, AMP and Fairfax Media.

“Docklands is characterised by an abundance of blue chip, multi-national organisations, who have sought to provide their staff the best combination of location and working environment in Melbourne,” Mr Melbourne said.

“825 Bourke Street is currently home to two of largest companies in their sectors, Fujitsu and Lendlease, whom have been located within the building since it was originally completed in 2008.

“The Gauge is one of only three buildings located in the entire Melbourne CBD between 10,000-15,000sqm which is less than 10 years old and features both a 4.5 Star NABERS Energy Rating and 6 Star Green Star Rating.

“It is also the only building located in Docklands on Collins or Bourke Street featuring highly desired side core floorplates of less than 2,000sqm.

“Given the current strong investment climate, along with the high quality and outstanding sustainability credentials of this particular property, we expect to field significant interest from investors."

The property, which was the first privately-developed commercial project nationally to receive a 6 Star Green Star – Office Design rating, will be offered for sale via an International Expressions of Interest commencing in July 2016.

825 Bourke Street

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