Philip Lim selling Bendigo and Adelaide Bank office, in Docklands, for c$80 million
The Melbourne headquarters of Bendigo and Adelaide Bank is speculated to be selling to Sydney-based Marprop for about $80 million.
Any deal would come four months after Marprop, with Germany-based funds manager GLL Real Estate Partners, paid close to $65 million for an office at 541 St Kilda Road.
The Bendigo and Adelaide Bank building at 120 Harbour Esplanade, Docklands, is being offered by Singapore-based Wharf Street Investments, directed by Philip Lim.
Constructed in 2005, it includes 8300 square metres of lettable area, fully leased to the bank. It also has direct access to the Southern Cross station.
CBRE’s Kiran Pillai, Mark Coster and Neva Courts, with Colliers International’s Trent Preece, Matt Stagg and Anna Cavar, are representing Wharf Street Investments. The office was listed for sale in February.
A sale to Marprop was first reported in this item in The Australian.
