Hallmarc Fully Leases Southbank Business Park

Melbourne-based developer Hallmarc has fully leased its $30 million, Southbank Business Park in Lorimer Street, and will now plug the asset into a managed fund.

Hallmarc joint managing director Marc Cini confirmed all space in the 7500 square metre business park, which comprises 21 double storey office suites ranging in size up to 700 square metres, was leased prior to construction finishing last month.

He said the park’s location allows tenants access to waterfront restaurants, cafes and amenities of the CBD and Docklands “without all the hassle that comes from working there”.

Hallmarc will professionally manage the Southbank site via the group’s Hallmarc Asset Management division.

The biggest tenants to commit to Southbank Business Park, which sits on a triangular site behind Mirvac’s Yarra’s Edge residential developments, include 21st Century Finance, CSE Uniserve and Winslow Constructions.

Elsewhere in the immediate vicinity, a consortium of the Macquarie Real Estate Equity Fund and the McMullin Group is developing two separate $30 million showroom projects. Unlike the Hallmarc development, these projects are aimed at owner occupiers and investors.

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