ISPT offers $600m-plus office portfolio
ISPT has listed four east coast office investments.
The priciest, 100 Pacific Highway, North Sydney, carries $400-$450 million expectations.
Developed 20 years ago, the 18 level tower contains 22,401 square metres of A-grade area.
CBRE is the marketing agency.
The second major property, Brisbane’s 100 Creek St – rising 24 storeys and with 20,228 sqm of B-grade space, is expected to trade for $150-$200m; Cushman & Wakefield are the brokers (story continues below).
Two smaller assets, in North Ryde – 1 Julius Ave, with 14,038 sqm of lettable area and 2 Julius Ave (7,7170 sqm) – will be marketed via Knight Frank and CI Australia.
The vendor is expected to tip $300m into refurbishing Core Fund properties – 500 Bourke St, in Melbourne, and Sydney’s 477 Pitt St.
ISPT is presently constructing a 32-level vertical campus for Victoria University, again in the Victorian capital.
