The Melbourne deal comes in a market which has been starved of major trades for the past year as office values fall, under pressure from higher rates and softening demand.
The exit of Melbourne’s wealthy Werdiger family from a Collins Street trophy opens the door for a Lendlease opportunity fund to invest into the city’s revival.
Overlooking Melbourne’s Yarra River, the Malt District development is one of the city’s most recognisable sites, featuring the Nylex and Victoria Bitter signs.
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