Deka Immobilien Investment to Pay $118 Million For South Wharf Office, Melbourne

Deka also owns the 15 William Street office building, according to a report in the AFR.

The sale is the latest in a string of major office sales in Melbourne to offshore interests.

RREEF Asia Pacific is in due diligence to buy 737 Bourke Street in Docklands for about $115 million. Hong Kong based CLSA Capital Partners paid $140 million for 485 La Trobe Street, while overseas developers have purchased several development sites capable of yielding major apartment towers, including one at the top of town offloaded by Solomon Lew.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of