The country's largest landlord, Dexus, has created the opportunity to develop a $650 million office building at the prized top end of Melbourne's Collins Street after striking deals with separate property owners.
As foreshadowed by The Australian Financial Review, Dexus, led by Darren Steinberg, has bought 60 Collins Street for $160 million from its owner, the Reserve Bank of Australia, which also occupies part of the 15-storey building on the corner with Exhibition Street.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
