Tower planned for Melbourne’s Galleria

The new south tower will sit above the existing Galleria retail complex and adjoin the site’s existing office tower, which is home to the Commonwealth Bank.Leasing agent Andrew Beasley from Colliers said property manager Colonial First State Global Asset Management was seeking pre-commitment from an anchor tenant before confirming the construction commencement date.“The underlying market fundamentals are strong,” he said.“Melbourne has the lowest office vacancies in the country and the tightened supply is expected to continue until at least 2014.“There are limited options in the Melbourne CBD currently for companies looking to expand or move into new premises; therefore Bourke Elizabeth represents a unique opportunity.”

Send this to a friend