50% Mirvac, 50% SUNTEC REIT
|Valuation at 30-JUN-20||$250.7m|
|Expected Development Value On Completion||$857m|
Valuation: Book value represents Mirvac ownership.
Expected Development Value On Completion: Represents 100% of expected development end value, based on cap rate sold-down.
Concrete structural works are complete. Façade installation nearing finalisation. Internal services and finishes are progressing well with works up to and including level 38. Works to the P3 lobby well underway. Reaching Practical Completion second half of FY20. Office space is now 93% pre-committed with two additional HOA’s (non-binding) signed which, if executed will take the building to 97% pre-leased.
477 COLLINS STREET MELBOURNE, VIC