Macquarie Office Trust Shuts 171 Collins Street

Speculation Melbourne-based developer Grocon is close to buying the site for between $35 million and $40 million was not confirmed by either party.

MOT paid $27.6 million for the building in 2006, before battling for a permit to develop a 17-level, 33,000 square metre glass office building which would rise about 88 metres against a previous height restriction of 40 metres.

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Marc Pallisco

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