babcock & brown

717 Bourke Street, Docklands
Victoria 

REST Close to Buying 717 Bourke Street Office For $240 Million

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A CONSORTIUM including Babcock & Brown, education facility Global Campus Management and design firm Metier3 are believed to be close to offloading a Melbourne office for about $240 million.

The distinctive 37,000 square metre office at 717 Bourke Street will soon be recognised as the new home of Network Nine, which leased space at the Docklands building after selling its long time home at Bendigo Street Richmond to Lend Lease.

BP Australia, AIG, Marsh Australia, Telstra and the Financial Ombudsman Service are other tenants at 717 Bourke Street.

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717 Bourke Street, Docklands
Victoria 

$300 Million Docklands Office Quietly Being Marketed For Sale

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717 Bourke Street, DocklandsDOCKLANDS unluckiest office building has been quietly listed for sale.

The 717 Bourke Street office – and soon-to-be home of Channel Nine – is expected to sell for between $280 million and $300 million, reflecting a yield of about 8 per cent.

Last November, education service provider, and a reported minority owner of the building, Global Campus Management, went into voluntary administration, surrendering a 17,000 square metre lease over almost half of the building. That space was to have been occupied by French fashion school ESMOD.

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Victoria 

Babcock & Brown Consortium Sells Lisson Grove, Hawthorn Development Site

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A DEVELOPMENT consortium including Babcock & Brown, and prominent local developer Joseph Gersh, is selling off assets as part of a property reweighting.
 
In Hawthorn’s ritzy Lisson Grove, the consortium has reaped $5.25 million from the sale of a 3,697 square metre block of land with a permit for a luxury 21-unit apartment building.
 
New plans for the site, lodged with council in September, are for a 4-level, 81-unit complex.

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