MFS/Octaviar: Huge change coming to failed financial firm’s former HQ

The owner of the former corporate headquarters of an infamous failed financial services company, which collapsed owing investors more than $2bn, is selling the building for a big price.

The former headquarters of failed Gold Coast financial services company MFS is on the market for $6.6m.

The Hicks Street building, which was home to the company before its $2bn collapse in 2008 is part of a deceased estate being marketed by CBRE’s Mark Witheriff and Tania Moore.

The complex, which has a net lettable area of 1483sq m, is fully leased to two whole-floor tenants and has 31 car spaces.

The building that was used by MFS in Southport

Its new owner is expected to get a net annual income of $483,970 from the property.

“The property presents an opportunity to acquire a superbly located, modern office building in one of the tightest office markets in Australia.” CBRE’s marketing for the building reads.

“The Gold Coast currently has a vacancy rate of sub-6 per cent across all precincts which represents the lowest rate in over 15 years.”

The former offices of collapsed investment firm Octaviar, aka MFS, on Hicks St, Southport, was transformed into an LAPD station for filming of La Brea.

The building was the long-time home of MFS/Octaviar, which was worth $4bn at its peak before collapsing in 2008, leaving investors penniless.

In the past year it was used as a film set, with its exterior transformed in a Los Angeles police station, complete with a fleet of black and white cars.