80 Collins Street, Melbourne

Overview

80 Collins Street is located on a prime corner location in the Paris End (Eastern core) of Melbourne CBD with frontages to Collins and Exhibition Streets – adjacent corner to 60 Collins Street.

This iconic Prime grade site offers a recently completed premium grade office tower, a boutique hotel and a contemporary, luxury retail precinct, which was completed in in early 2020.

The site has exposure to luxury retailers, high end restaurants, theatres, sporting precincts and proximity to key transport infrastructure.

Property Information

  • Building typePremium Grade - office
  • Year built1972
  • TitleFreehold
  • Metro areaMelbourne CBD
  • ZoningCapital City Zone
  • Site area (hectares)0.5
  • Lettable area ('000sqm)104.4
  • Lettable area adjusted for ownership ('000sqm)78.3
  • Number of buildings4
  • Typical floor area (sqm)1,100
  • Owner DXS,DWPF
  • Ownership (%)75
  • Co-ownerDWPF
  • Major tenantHerbert Smith Freehills
  • Acquisition dateMay 2019
  • Book value at ownership ($m)1,248.0
  • Independent valuation dateJune 2022
  • Independent valuation at ownership ($m)1248.0
  • Market cap rate (%)4.55
  • Initial yield (%)3.46
  • Leased by area (%)88
  • Weighted lease term by income (years)5.5

  • NABERS Energy rating (with Green Power)NT 4.0, ST 4.5
  • NABERS Energy rating (without Green Power)NT 4.0, ST 4.5
  • NABERS Indoor EnvironmentNR
  • NABERS WasteNR
  • NABERS Water ratingNT 5.0, ST 5.5
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