An 8,600sq m office development in Collingwood has changed hands, signalling a major off-market play, with Australian funds manager RF CorVal picking up the unfinished project for $75.5 million from AUS Finance Group.
The sale, of 71 Gipps Street in Melbourne’s emerging office hub was negotiated directly between the parties, and follows a large leasing pre-commitment to IWG for 40 per cent of the building.
AUS Finance Group and Alpha14 Property will oversee the delivery of the Hayball Architects-designed project, known as GCQ, with RF CorVal to fund, manage and own the Collingwood asset.
Click HERE to read to full article published by The Urban Developer on 04 March 2020.
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