Lang Walker to Pocket $200 Million From Point Cook Town Centre Sale, Melbourne
The Australian Tax Office, Marsh Mercer and publisher Pearson Group have leased office space within Collins Square. According to the AFR, about 40 per cent of the development is pre-committed.
“We’re more comfortable with commercial than residential in Melbourne at the moment,” Mr Walker said.
Mr Walker is expected to sell some of those offices in the medium and long term.
The Point Cook Town Centre includes a Coles, Aldi, Target and Harris Scarfe as anchor tenants. It also includes 100 specialty shops and a 6230 square metre commercial component.
Elsewhere in Melbourne, Mr Walker is redeveloping the Kew Cottages site, in the ritzy east.
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