Mirvac to Sell Former National Foods Headquarters, Mulgrave

National Foods vacated Mulgrave, and another building at 5 Queens Road last year, when it relocated to 737 Bourke Street, Docklands, where it also leases naming rights.
Colliers International leasing agent Travis Myerscough said Life Technologies has taken a six year lease over the entire Mulgrave office.
The building was marketed at a rent of about $240 per square metre per annum, with average incentives in the area, between 15 and 20 per cent. He said the Mulgrave office market risks running out of high quality office space within 18 months, given tenant demand is solid but several proposed new projects have been shelved.
He would not comment on speculation Mirvac has onsold the Mulgrave office as an investment. A Mirvac spokeswoman also declined to comment.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.