HIA buys another HQ
The Housing Industry Association has snapped up another office to occupy, this time in Melbourne.
The official body of the building sector has paid $18 million for the near new seven level building on a compact 474 square metres at 8 Gwynne Street, Cremorne.
It will relocate later this year from rented headquarters at Centuria’s 574 Swan St, part of the Botanicca business park in Burnley, which shares the same postcode.
The deal was struck in July, nearly two years after the HIA sold a much larger local base, 70 Jolimont St, East Melbourne, to The Police Association of Victoria for $30.8m.
That owner recently applied to revamp the six story office as a headquarters, licensed for 350 people.
Gwynne St is about two kilometres east of Melbourne’s CBD (story continues below).
HIA invests again
The Cremorne deal settled in December; Gorman Commercial’s Peter Bremner was the agent.
It is the second modern office the HIA has bought for a base recently – last October we reported it paid Australian Unity $11.5m for a five year old building in Brisbane’s inner north east Newstead.
The HIA’s national headquarters is in Canberra.
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