Buildings Riverside Quay
OFFICE

2 RIVERSIDE QUAY

2 Riverside Quay, Southbank, VIC 3006

Developed by Mirvac and completed in 2016, 2 Riverside Quay is located along the waterfront of Southbank, directly across from Melbourne's CBD. The office development was built above an existing eight-level car park structure and comprises 12 levels of office with ground floor retail and a roof top terrace. Leading sustainability initiatives were implemented within the building, including high-performance air conditioning, rainwater capture and recycling, and the use of high-performance glazing and façade systems to reduce solar loads resulting in a 5 star NABERS rating.

Grade
A
Nabers Rating
5.0 Star
Ownership
50% Mirvac, 50% ISPT
NLA
21,132 SQM

Summary information

Car Spaces 567
Acquisition Date Dec-16
Last External Valuation Date 30-Jun-19
Valuation at 30-JUN-20 $145.0m
Valuer Directors Valuation
Capitalisation Rate 5.00%
Discount Rate 6.50%
Gross Office Rent $672/SQM
Valuation: Book value represents Mirvac's ownership

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
PwC 19,130 Jan-29
Entity Name NLA / GLA SQM Lease Expiry
Wilson Parking 0 Jan-29
Riverside quay facade

Lease Expiry Profile % Income

Wale: 8.8 YEARS