News and Announcements
Placer Acquires 333 Exhibition St, Melbourne for $37.5m
- Published January 10, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- The acquisition in Melbourne’s CBD offers uninterrupted views of the World Heritage listed Carlton Gardens, and a very secure, stable income flowing from the sole tenant, The University of Melbourne.
- Opportunities for retail investors to buy into direct commercial CBD assets are almost non-existent so we are expecting a strong level of interest from investors when the fund opens in early 2018
- The building comprises six floors with a total of 6,528sqm of commercial office space.
To read the full announcement, please click here.
About Placer Property Limited
The Placer Property’s Stables Property Fund is a direct property investment that owns The Stables Shopping Centre, located in Golden Grove, an established residential suburb approximately 22 km northeast of the Adelaide CBD.
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