80 Collins Street, Melbourne

Overview

80 Collins Street is located on a prime corner location with two office towers in the eastern core of the Melbourne CBD with frontages to Collins Street, Exhibition Street and Little Collins Street. The South Tower offers 42,000 square metres of Premium Grade office, while the North Tower offers over 49,000 square metres of A-grade office space with good natural light to all elevations and column-free 1,100 square metre central core floor plates. In addition the precinct includes a boutique 255 room hotel and a contemporary luxury retail precinct, which were completed in mid 2020.

Asset Information

  • Asset typePremium Grade - office
  • Year built1977
  • Asset locationMelbourne CBD
  • Site area (hectares)0.52
  • Lettable area ('000sqm)103.95
  • Lettable area adjusted for ownership ('000sqm)77.97
  • Typical floor area (sqm)1100
  • OwnerDXS
  • Ownership (%)75
  • Co-ownerDWPF
  • Major tenantHerbert Smith Freehills
  • Acquisition dateMay 2019
  • Book value at ownership ($m)953.3
  • Independent valuation dateDecember 2024
  • Independent valuation at ownership ($m)953.3
  • Market cap rate (%)6.11
  • 12 month rolling yield (%)5.63
  • Leased by area (%)82
  • Weighted lease term by income (years)4.5

  • NABERS Energy rating (with Green Power)NT: 4.5, ST: 4.5
  • NABERS Energy rating (without Green Power)NT: 4.5, ST: 4.5
  • NABERS Indoor EnvironmentNT: 5, ST: 4.5
  • NABERS WasteNT: 3.5, ST: 4.0
  • NABERS Water ratingNT 4.5, ST: 4.5
  • Green Star ratingNT: 4.0 (Performance v1.2) / ST: 5.0 (Performance v1.2)
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