Mirvac Wholesale Office Fund sells half stake in 255 George St tower to Keppel REIT dailytelegraph.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytelegraph.com.au Daily Mail and Mail on Sunday newspapers.
Office tower values around the world have tumbled in response to the rise of remote work and surging interest rates.The latest deal shows the bottom is not far.
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.
The transaction will be seen as one of the most definitive signs yet that trade in substantial retail assets has resumed after the upheaval of the last 18 months.