Fund manager swoops on swank Melbourne office

The Malvern office contains 3537 square metres over seven floors.

EXCLUSIVE

Landis paid $6 million for the Como Street block in 2015.

RF Corval has swooped on a near-new office in Melbourne’s exclusive Malvern, which it is now seeking to fill.

The seven storey asset, 1-3 Como Street, fetched $18.075 million in a deal settling September.

Receiver and manager FTI Consulting relisted the property last May despite a campaign with a different agency in 2023, when the building was new, speculated to have yielded a $22m-plus offer.

Branded One Como, near Malvern station, the office is about eight kilometres south east of town.

One Como

The first commercial project for Terry Livanidis’ Landis Property Group, penned by Gray Puksand, One Como contains 3537 square metres of A-grade space, part leased to Proctor Major.

Tenancies are between 127-712 sqm (a full floor).

There is also an activated rooftop and 38 basement car parks (story continues below).

CBRE’s Gianni Macdonald and Joshua Jennings with Colliers’ Ash Dean and Matt Cosgrave are the leasing agents.

RF Corval recently bought a major Tottenham asset from Amcor.

RF invests again

Established by Perth-based Multiplex founder Andrew Roberts, but headquartered in Melbourne, RF Corval has been a counter-cyclical investor, snaring several assets in the last 18 months – a particularly depressed time for many commercial real estate sectors.

In Melbourne, it boosted its Industrial Infill trust with investments in Oakleigh South and Vermont.

Two months ago, we reported a major leaseback deal with Amcor for a 4.7 hectare Tottenham facility.

It has also divested assets including last March, a Braeside warehouse to fast-growing self storage giant StorHub. and in December, a Perth CBD office, to Oceania Property Group.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.