Macquarie to Sell Half Share Interest in 171 Collins Street Development to CBus

Macquarie paid $27.6 million for the property in 2006, before seeking a permit to replace the former retail arcade with an office.
The proposed new development is said to hinge on snaring a major office tenant, of which there are several in the Melbourne market at the moment.
Representatives from Macquarie and CBus declined to comment about a joint venture partnership.
Earlier in the year it was speculated Grocon was interested in purchasing the office site.

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Marc Pallisco

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