LEND Lease Development has exchanged contracts with Myer Ltd and APPF Commercial for the development and sale of the new Myer Corporate Store Support Office, at Victoria Harbour in Melbourne.
At 800 Collins Street, the building has a forecast value on completion of around $175 million.
The project will be managed by Lend Lease Development. Another Lend Lease subsidiary, Bovis Lend Lease, will design and construct.
On completion, Lend Lease told the market today, “800 Collins Street will be a brand new, A-grade environmentally-rated core asset occupying a prime Collins Street corner site in Victoria Harbour.
”It will provide a modern and high quality work place for Myer employees.''
Lend Lease says the 14-level building will include ground floor retail, ten office floors of nearly 3000 square metres and associated car parks.
It will be the sixth office building developed by Lend Lease development and constructed by Bovis Lend Lease within Victoria Harbour.
APPF Commercial is a wholesale property fund managed by Lend Lease Investment Management.
source: news.com
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